In today’s real estate market, one generation stands apart in their desire to move into a renovated home: millennials. The Harris Poll conducted a survey of 2,000 US adults that has stated, “One-third of the generation who grew up with Instagram and Pinterest are more likely to seek out an upgraded home compared to other generations.”
Millennials aren’t the only ones who have a desire to upgrade their home before selling or move into an upgraded home. According to the survey, “89% of respondents who have sold their homes in the past three years said that they made upgrades to their properties before selling.”
Younger home sellers are making renovations and upgrades on their home before selling but making the wrong choices because they are not consulting a real estate agent first. “I wasn’t surprised to see that 89% of homeowners are making renovations before they sell,” says Rose Sklar, agent, Coldwell Banker Realty. “However, in my experience, and this survey backs that up, they often make the wrong updates like choosing unpopular paint colors.”
One of the major constants in the real estate industry is the value that home improvement projects add to the home. The report has stated that 11 of the top 12 projects that garner the highest return on investment (ROI) this year are exterior home improvement projects. By consulting with a real estate agent first, you will be guided on home improvements that are specific to your home. As a seller, you will have the opportunity to save money upfront and save some of the hassles of renovation. Real estate agents will be able to guide you along the journey of selling your home and making minor renovations along the way.
Depending on your home’s competition and your budget, your real estate agent will suggest renovations to improve your home’s marketability. With their expertise and objective eye, agents will evaluate what needs replacing or just refreshing, which improvements can bring a high return on investment, and which blemishes are better left untouched. Real estate agents know the easy ways to increase home value that require little of your time, effort, and money.
The other challenge that millennial sellers face is funding renovation projects. There are, however, some home improvement programs that are available to sellers. Industry leaders Seven Gables Real Estate and CMG Financial, Inc. have joined forces to deliver a new kind of home buying experience. Let us introduce you to Primco Mortgage! Primco Mortgage is providing an exceptional home loan experience with a client-focused approach while maintaining strong bonds with our real estate agents. By real estate and mortgage sharing the same vision, we have the opportunity to revolutionize the home loan experience for all in the industry.
Primco Mortgage has launched an exclusive Home Refresh Loan, which is a no cost home improvement loan with zero interest or upfront costs. This premier product offered will allow you to sell your home more quickly and for a higher price. We front the cost of home improvements so that we can increase the value of your home!
Services for the Home Refresh Loan May Include:
- Cosmetic renovations
- Interior & exterior painting
- Roofing repair
- Kitchen improvements
- Bathroom improvements
- Deep cleaning & Decluttering
- Plumbing repair & Electrical work
- And More…
Contact us today to learn more about your options before selling!