The Alabama real estate market offers plenty of choices for both buyers and sellers. Location is always a primary factor in any realty transaction. Even a modest home in the best neighborhood will command a good price. Buyers should always be aware that homes in less desirable locations, such as busy roads and near commercial districts will rarely show a significant increase in value.
Buyers should aim to purchase a home in the best area they can afford. Any improvements they undertake will be sure to add to the value of the home. Over improving a home with a poor location will probably not improve the value at all. Owners should always take into account how much value they are adding before they spend a lot of money on their home. Great results can be achieved by not spending too much.
Kitchens and bathrooms are usually the most expensive rooms to renovate. Costs can easily rise as owners see all kinds of exciting features and wonderful new products. It is very important not to get too carried away. If a project goes seriously over budget, the owner will be paying for a very long time. Extra’s that seemed so important are often just cosmetic and do not add to quality of life.
Some homeowners are choosing to build an addition on their existing home, rather than go through the entire selling and buying process. This can be an excellent idea, especially if the owners are happy with current neighborhood. If they have school age children it can make a lot of sense to extend the current living space rather than relocate.
There are many renovations that can be very cost effective. One of them is to replace outdated and worn carpeting with new hardwood or laminate floors. These come in a huge variety of colors and styles. Laminate flooring is very durable and looks great. Most are easy to install and can be a very productive weekend project for the home handyman. Woods such as oak and ash are very strong and will stand up to years of wear.
When the time to sell a home comes along there are some steps that will help the homeowner with the sale process. The initial step should be to do any necessary repairs, big or small. A home that is in excellent condition usually sells faster. Make sure that the bedrooms are neat, and it is worth investing in new bedding to give a luxury feel and add some style.
Buyers are often looking for a home that is move-in ready. Many do not have the time to work on repairs and renovations. Having a home that will fly through the home inspection is a huge advantage. A significant number of sales fall apart after the home inspection, when the potential buyer finds the house will require a host of expensive repairs.
Everyone involved in an Alabama real estate transaction can expect to experience a variety of emotions. Finding what looks like the perfect home, only to have another buyer offer more can be very disappointing. All parties should be prepared for an emotional roller coaster, but usually most have a happy outcome.