Daily Archives: January 21, 2009

By: Valerie Logaridis, Sales Representative, Royal LePage R.E.S. – JOHNSTON & DANIEL DIVISION, Brokerage

The old adage that you only get one chance to make a first impression rings true for sellers showing their homes in today’s competitive market.  With the spring market quickly approaching, many homeowners are wondering what they can do to help get their homes ready to sell. A poll of potential buyers released by Royal LePage Real Estate Services, found that sellers ought to do more than just look after required renovations before showing their home. In fact, décor improvements help make a strong impact on buyers and can ultimately affect a home’s market value.

Another poll, conducted by Maritz Research, revealed that renovations can often boost a home’s value but sometimes too much of a unique style can be detrimental when it’s time to sell.  Thirty-six percent of potential buyers said that they would be willing to pay a premium for a home with updated décor. Surprisingly, more men than women viewed décor as a necessity with 41 per cent of men versus 30 per cent of women claiming they were willing to pay a premium for this feature. Continue reading →