If you are among the local homeowners counting the days until Costa Mesa’s hot selling season begins, unless your house is already in perfect showing shape, you might be pondering which—if any—possible remodeling projects would be wise to take on before you list.
The answers aren’t simple. The first consideration is the calculation for whether your property is likely to attract top dollar in its as-is condition. If not, you need a prospect’s-eye take on which areas are most likely to detract from the apparent overall value of the property. Then comes another factor: identifying which of those projects will go furthest in recapturing their cost.
Even if leaving everything as-is doesn’t inspire much confidence, it might
Last Friday was the final day for the Las Vegas mega-trade exposition: the annual Consumer Electronics Show. Forward-thinking Costa Mesa homeowners have learned to keep an eye on the CES because the public debuts of new appliances, gadgets, apps, and devices that take place there often wind up influencing Costa Mesa real estate. Sometimes, in major ways.
Past examples are numerous. Not too long ago, giant screen TVs were oddities—but today it’s unusual to find a single Costa Mesa house for sale that doesn’t have at least one room configured to suggest an inviting big screen entertainment area. CES is where the latest television advances showed up first—and America bought into big screen in a big way.
As Thanksgiving rolls around again and our Costa Mesa houses fill with visiting relatives and friends, it’s hard to repress an occasional thought like, “Gee, I hope the water heater holds up” or “Boy, this would NOT be the time for the range to give out!” But it’s true that if there’s one thing first time homeowners can learn from their more experienced Costa Mesa neighbors, it’s to expect the unexpected—at least when it comes to home repairs. That isn’t to say that some wallet-draining breakdown is certain to happen a month or two after moving in—but the odds are close to 50-50 that something could need attention within the first year or so.
That was just one of the major takeaways for Costa Mesa readers of last week’s NerdWallet 2018 Home
When it comes to selling your Costa Mesa home, kitchens get the Grand Prize for being the room that gets the most attention. But it’s increasingly possible for bathrooms to give them a run for the money.
Kitchens take first place because so much of a typical Costa Mesa family’s “together” time is spent there. Preparing and serving meals is, for most of us, a positive part of the day we look forward to. As a result, the quality and practical layout of a kitchen get a lot thorough going-over during showings and open houses. It’s amazing how frequently prospective buyers stop to chat with the showing agent right there in the kitchen. People just like kitchens—so having one that’s especially appealing is an indisputable plus for selling any Costa Mesa
Most Costa Mesa real estate turnaround practitioners follow what might be called “The House Flippers’ Creed”: buy, fix, sell—as quickly as possible! The speed factor isn’t just because, as in most businesses, volume dictates profitability. It’s also due to the investment’s interest expense—the value of money over time. You don’t need an economics class to see how it can gnaw away at a bottom line. Now it seems that The Creed’s fundamental hypothesis is being challenged in many parts of the nation—at least by buyers targeting dated homes for their own use. According to last week’s Wall Street Journal essay about the rising tide of “Extreme Makeovers” which focused on residences that have had a single owner for decades. Many are in need of “new interior
Every Costa Mesa REALTOR® has heard this observation from a selling client more than once: “Now that I’ve fixed the place up, it’s so nice to live here!” It’s sometimes followed by a wistful, “I should have done it years ago!” They don’t need to add, “so we could have enjoyed it ourselves.” The culprit has to be human nature—at least the part that resists spending money improving something that works (even if it doesn’t work all that well). One of the prime areas where this tends to hold true is in Costa Mesa kitchens. Since it’s generally acknowledged that the kitchen area is one place (if not the place) that gets the most intense scrutiny from prospective buyers, it is also one of the first areas that sellers decide to update. For anyone who might
Of all the attention-grabbing terms to be found in Costa Mesa listings, the audacious “as-is” ranks right up there near the top of the deck. Intentional or not, it carries a pronounced dramatic aura. Contractors see Costa Mesa “as-is” listings as calls to action. House flippers’ pulse rates quicken when they come across it. For most typical prospective buyers, on the other hand, the same term triggers furrowed brows and a hasty move onto the next listing. “As-is” carries shades of meaning with legal implications, but in general, it simply signals to the world that the seller is not interested in improving the offered property. If something needs to be fixed, it’s up to the next owner to handle it. For that reason, Costa Mesa as-is listings are
It may sound paradoxical, but one proven way to sell your Costa Mesa home is to make it boring…or at least, a little bit more boring. The principle here stems from buyer psychology—specifically, the difference between a house that would make a great tourist attraction and one whose first impression is more apt to lead to a sale. At first blush, the flashy version might seem to be not only memorable, ¬¬¬but more valuable as well. But that’s not typically true. A potential buyer can remember your house in two different ways. One memory might be of striking red walls and purple tile that call to mind images from an architectural magazine. That sort of memory will be vivid, but it doesn’t necessarily help to sell your home. A different type of memory
When is the best time for selling your Costa Mesa house? Is there even a best time? If the change in residence is triggered by some inflexible external factor (like a transfer at work), the answer is foreordained: NOW! That can be right now, or in November, or February—since you will be making the move, to avoid paying for two homes, there really isn’t a choice. The sooner it’s listed, the better. But if the timing of a move is completely at your discretion, the “when” can be troubling. More than one Costa Mesa homeowner has worried so long and hard about the issue that years pass. When the For Sale sign does eventually go up, it’s probably because the cost of inaction has become apparent. The true answer to the question about the optimal time for