Even in a hot real estate market, updating your home before listing it can help increase its selling price — as long as you choose home improvements that always pay off. Home prices have reached historic highs due to buyers rushing to take advantage of historically low mortgage rates and a combination of limited supply and high demand.
According to the National Association of Realtors, the median price of a previously owned home increased by 17% from March, 2021 to March, 2022. However, we are seeing demand slow down over the last month with the recent increase in mortgage interest rates. Supply is still relatively low and people still want to buy homes, but investing in your home before listing could help you sell faster and for more money, especially if the market shifts farther away from a “Seller’s market”Read more “10 Home Improvements That Always Pay Off”