Making necessary updates to raise your home’s price up to market average can help sell it faster.
Are you considering selling your property as-is? Selling without repairs may be convenient, but it may cost you more in the long run. Today, I will share a hard fact that every home seller in Cheyenne must know: The cheapest homes don’t always sell—average homes do.
The cheapest home currently listed in Cheyenne is priced at $159,900. It was built in 1916 with two bedrooms and one bathroom and sits on a tiny 0.07-acre lot with only 835 square feet of living space. It has been on the market for 195 days. Why is it taking so long to sell? Well, as you might guess, the house is in dire need of updates. Everything from the exterior paint to the interior paneling and flooring needs attention. If you’re in the market for a fixer-upper, this house has plenty of potential, but it will require significant work to bring it up to par. This is a clear example of why your home shouldn’t be the cheapest one in the market.
On the other hand, the average home in Cheyenne is listed at $427,000, which represents a much different market segment. These homes tend to be in better condition, requiring fewer repairs and updates. Maintaining this “average” status in the market is key for many homeowners.
“Smart improvements ensure you stay in the average or above in your market.”
So, how do you ensure your home doesn’t fall into the “cheapest” category? Regular maintenance is the answer. Before you list your property, consider addressing these issues when they come up:
● Touch up the exterior paint when it begins to fade.
● Add new flooring when the current carpet or hardwood is stained or worn.
● Update kitchens and bathrooms with a fresh coat of paint, modern fixtures, and updated appliances.
Just like in life, staying above average takes work. Think of it like improving your bowling average—the more effort you put in, the higher your score. The same principle applies to home maintenance. By keeping up with repairs and improvements, you can raise the value of your property and avoid being the cheapest home on the block.
If you’re ready to take the next step and boost your home’s value, don’t hesitate to reach out to me by calling (307) 722-1184. I would be happy to help you with the tips and tricks you need to stay ahead of the market and ensure your home is valued above average.
