Before even discussing on “Sell Your Home for Retirement”, let’s see if you’ve researched which states tax Social Security income (only 14, including Colorado, Connecticut, Kansas, North Dakota and Vermont).
And you’ve even consulted the numbers-crunchers at Bankrate.com to learn which states scored highest overall in everything from cost of living to access to health care (South Dakota, Colorado, Utah, North Dakota and Wyoming).
But here’s a question for all you homeowners. Given the results of a new report from Better Homes and Gardens Real Estate — 57 percent of boomers say they plan to move to a new home in retirement. What are you doing right now to make sure your current house fetches a good price to help finance your retirement dreams?
“As people grapple with whether to pull up stakes, there’s small margin for error,” the New York Times’ coverage of the report noted.
Prepare Your Biggest Asset
Here’s some tips for preparing what’s likely your biggest asset for prospective buyers:
* Get rid of the clutter. No doubt you have years worth of memories on display. But they’re your memories. And painful as it may be. It’s time to accept that not everyone appreciates having turned your den, for example, into a shrine to the ’69 Mets.
“Buyers shouldn’t be distracted from imagining themselves living in your space,” says Patsy O’Neill, a sales associate with Sotheby’s in Montclair, New Jersey.
* Think twice before doing any trendy remodeling. Especially if your home is older, you may be tempted to spruce things up. For examples, you may tear down a wall between the kitchen and an adjoining room just because Angie’s List says creating the feel of more space is “one of the hottest trends in home remodeling.”
Well who’s to say it’ll still be hot in six months or a year?
* Think “curb appeal.” There’s a reason roof replacement consistently makes Remodeling magazine’s annual Cost vs. Value Report. It is up 11.2 percent this year over even last year: A roof is the first thing potential buyers notice. Even from down the street. You’ve already lost the sale if yours looks like hell.
“It’s a huge turn-off,” says O’Neill. “And makes people predisposed to find even more things they don’t like.” For the look of luxury at very affordable prices, check out the Value Collection Lifetime Designer Shingles from GAF (www.gaf.com), North America’s largest roofing manufacturer.
* Fix major maintenance and safety issues. Would you buy a house with a sputtering boiler? Enough said.
Subscribe to my blog and learn about my next posts on how to achieve financial freedom with real estate investing.
As a happy student of life, Huy has discovered that life is a series of very interesting courses where he can’t just simply learn from books or schools. Fortunately, every person that he meets and every incident that he faces truly give him tremendous valuable lessons. The most important aspect of being a student of life is that he learns things with a great intention: to improve himself everyday.
With a strong background in finance and business, Huy will share with you great lessons that he has learned over the years. Let’s share our knowledge so we will learn from each other!
Subscribe to THE KING OF CASHFLOW to learn Finance to Achieve Financial Freedom at www.han247.com.
Welcome to AskHuy.com – MY REAL ESTATE BLOG
Also, I want to share with you on my real estate blog at www.askhuy.com.
Particularly, Huy provides three main services to his clients:
1. Free estimates of your homes without any payment obligations 2. Free consultation on how to list your homes for sale. 3. Free consultation on how to buy your first homes and obtain a pre-approval letter. Let’s get connected to help me help you determine the right solution for your real estate needs.