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November
29
29
Sellers: These Upgraded Appliances Bring Better ROI
If you're going to be selling soon, you might be wondering what upgrades to your home will make a difference to buyers. Our real estate agents can tell you that one thing that can get the attention of buyers is updated appliances. But not all are created equal. Obviously, you should consider replacing anything in your Rockford homes for sale that is broken or otherwise not working. But where's the best place to put your money? You should know what other homes in your market are offering, and that can guide your decision. And here are a few other suggestions to help your upgrades get the best ROI possible.
- Start in the kitchen. The kitchen is always a room that makes buyers sit up and take notice, for good or bad. So replacing aging kitchen appliances can make a difference. Stainless steel finishes offer near-universal appeal, and everyone appreciates energy efficiency. If you want something a little special without going overboard, consider a separate beverage cooler or refrigerators with a separate beverage door or dual or specialty ice dispensers. Those new kitchen appliances are used every day, so buyers are willing to reflect that in their offer with increased ROI for sellers.
 - Opt for built-ins when possible. Built-in appliances offer a more modern and integrated look, and as a result, tend to have a higher ROI. You may want to include one or more if possible.
- Upgrade the laundry. A matching set high-efficiency washer and dryer is appreciated by buyers and also improves the overall energy efficiency of your home. Washers and dryers are often part of the negotiations between buyers and sellers, so you're very likely to recoup a good part of your investment here.
- Wi-Fi-enabled appliances. If your home has other "smart" features, Wi-Fi-enabled appliances make a lot of sense, and buyers would probably expect to see them in this situation. The added convenience is very appealing to today's busy families, as long as the cost still keeps you in line with the neighborhood comps.
- Consider what you will use while you're still in the house. If you cook or entertain all the time, it may be tempting to splurge on high-end, pro-level appliances even if you don't need to. In that case, pick one appliance that offers the features and convenience you want. In this case, your best bet is usually a range since it will get the most use.
- Keep the upgrades in perspective. Although many buyers are looking for move-in ready and appreciate new appliances, flashy, new, high-end appliances are unlikely to distract buyers if the home needs repairs. They're also likely to be out of place if you're not in a neighborhood with luxury homes. In this situation, keep value in mind. It may cost less to replace a few appliances and negotiate on something else.
Selling your home doesn't have to be complicated. The real estate agents at Dickerson & Nieman can offer help and advice every step of the way. Contact us today and find out what we can do for you.