What to Think About When Pricing Your Niskayuna Home to Sell
For most people (even realtors), pricing a Niskayuna home is hard work. There’s so much to consider. It’s more than the number of bathrooms and bedrooms. What does the yard look like? Is there a finished basement or attic? Does the kitchen have granite countertops? Does the house have an open-floor plan?
All of these factors can influence the price of a house. If you’re currently pricing your Niskayuna home, consider these factors when deciding on a final price.
Check Out Comps
Comps, or comparable sales, are great tools to help gauge how much to sell your house for. These sales, usually done within the last three months, can tell you a bit about the market itself as well as how you should price your home.
Look at comps for Niskayuna homes with the same number of bedrooms and bathrooms and size as yours and analyze the differences. Does that house have a pool whereas yours does not? If so, then your home should be priced lower. Do you have a finished basement, but the other does not? Then you can price your Niskayuna home higher.
Upgrades Matter
Everything in your kitchen works just fine, but there’s just one problem. All the appliances are over 10 years old, and the cabinets are even older. Even though everything works fine, the kitchen looks dated and a little tired. You might not think this will affect the value of your Niskayuna home, but upgraded finishes and fixtures can make a big difference to buyers.
If you’re looking at comps and the other homes have upgraded finishes, then they will be worth more than your home. Consider upgrading a few appliances and rooms before listing to make your home more attractive.
Scope Out Other Homes
If you see other For Sale signs in your Niskayuna area, consider checking them out. Open houses are a huge part of the selling process. See what other people are doing and how buyers react. You may be able to steal a few ideas to make your home value more attractive to buyers.
Sweat the Small Stuff
Two Niskayuna homes of the same size and bedroom and bathroom number may be alike, but chances are that even if they’re right next to each other, they won’t be priced the same. The reason? It’s all in the little things.
There are a number of small factors that change the price of a home. For example, a choppy floor plan is less desirable than an open floor plan. Therefore, the house with the choppy plan probably won’t be priced as high as the other. A finished attic or basement can also contribute to the price.
When looking at Niskayuna comps, look for similar houses that are worth more than your house. Start looking through the listing to find out why. It could be as simple as an upgraded kitchen or a larger lot.
Setting the price of your Niskayuna home may seem like a daunting task, one you have to get just right. But in reality, it’s a fairly fluid number. Work with your real estate professional to see that you get a fair price for your home.