Although it’s Virginia’s capital, Richmond is often overlooked due to the larger cities that surround DC. Current trends show that Richmond may be facing a significant influx in residents in the coming years due, in part, to the COVID-19 pandemic. Richmond has become a favorite among young professionals because of its affordability and the draw of the great outdoors.
In comparison to the DC area, Richmond home prices have been fairly flat over the past few years, but a surge of buyers could provide homeowners with an opportunity to sell for more. Because today’s buyers prefer move-in ready homes, making updates before listing is crucial to attracting buyers and selling quickly and for more.
Ready to get started on profitable, pre-listing home improvements? Get started with a free, same-day estimate.
Find out which 5 refreshes require minimal investment but maximize profits when you’re ready to sell:
Interior and Exterior Painting
One of the easiest ways to make a home look like-new again is by applying a fresh coat of paint. Scuffs and scrapes on interior walls are normal and, of course, the elements can wear on even the strongest siding materials. While wear and tear isn’t a cause for concern, it signals to buyers that the home may not have been well-cared for over the years. It’s always a good idea to apply a fresh coat of neutral colored paint throughout the interior of a home. If the exterior of your home is looking worn or the color isn’t popular, painting the outside can go a long way as well.
Outdoor Living Space
We mentioned already that outdoor space is one of the reasons people seem to be flocking to Richmond. Redfin market data further confirms this, with five valuable home features being outdoor-focused. Decks, lanais, pools, sheds, and landscaping are commonalities among popular and higher-priced homes in the Richmond market.
We’ve already touched on how the pandemic and rise of remote work has resulted in young professionals relocating to Richmond, so it comes as no surprise that offices are one of the most popular features in Richmond homes. This is important to note because it should affect how you stage homes. Of course, a real estate agent should always be focusing on staging a home for the target demographic, but it’s important to note that the needs of every demographic are changing rapidly.
Because there’s more empty land surrounding Richmond, there are more new builds than many markets across the US. This means that home sellers must compete against beautiful, brand-new kitchens with modern layouts and finishes. This makes updating a kitchen before selling crucial in order to attract a broad set of buyers and sell for top dollar. Depending on the current state of the kitchen, we can tackle anything from a simple refresh to a full remodel to get it market-ready.
With the self-care trend has come a desire for bathrooms that go beyond the basics. Common features include sleek tile, soaker tubs, dual vanities, and modern hardware and lighting. Bathrooms are another room that make it so older homes will have a difficult time competing with new builds. Luckily, a simple refresh or remodel can help a lackluster bathroom stand out with spa-like finishes.
When it comes to getting the right pre-listing updates completed to achieve your home sale goals, Curbio’s got you covered. Your Home Improvement Consultant will work with you to determine which improvements will make an impact based on your home’s current state and market trends. From here, Curbio will:
- Manage the project for you, including vetting contractors and ordering materials
- Keep you updated with constant communication via the Curbio app
- Wait until closing to be paid, enabling you to maximize your profit without upfront cash (with no interest or fees)
Ready to get started? Get your free, same-day estimate today!