If you’re a long-time Boulder County resident and are thinking of selling your home this spring, you might be surprised by how things have changed since the last time you did so. The make up of the area has changed, as has the home selling process. Here are some changes you’ll want to be aware of:
No surprise: the majority of homebuyers now look online to preview houses before setting up showings. Thus, how a home is presented and photographed is of top importance. Not only should a home be clean, de-cluttered and well presented, but each photo should be set up to best present
To that end, many sellers are using stagers to furnish their homes and/or work with their existing furnishings. High-end houses and new/remodeled homes built by professional contractors were the first to hire stagers to decorate their properties before selling. Over time Realtors and sellers have recognized the value of this process, and now the practice has more or less trickled down to all homes for sale. At the very least, there is now an expectation that sellers de-personalize their homes and remove all cluttering furnishings to an almost sterile level.
National and international buyers
We’re blessed and cursed to have an in-demand and expensive housing market. Due various factors – such as local job growth, changing property tax laws and overcrowded coastal cities – we now have more buyers from the east and west coasts and international buyers relocating to our fair city. Many of these folks have healthy home buying budgets and sophisticated tastes, thus higher expectations in terms of current design and finishes.
Changing design trends
Modern kitchens and baths, and open floor plans are what most buyers now want. Homes that are updated with the current trends sell the fastest and for top dollar. There are always some buyers looking for fixer-uppers, but the price point will need to reflect this. Fixer-uppers with mid-century modern lines are attractive flips right now, while 80s and 90s tract houses
Rural properties and buyers
The most in-demand rural properties now are in the five-acre range. This is the perfect size for “gentleman farmers” who may also own horses. Unfortunately there are not many of these properties and they tend not to turn over as often as city properties. Larger properties are becoming more and more scarce, and unaffordable to the majority of buyers. In the last decade several of these larger historic properties have been purchased by Boulder County for open and closed space. As time goes on, Boulder County rural zoned properties will continue to become more and more valuable as all the surrounding communities fill in with development around them.
The one thing that has not changed is Boulder County properties continue to be an incredible investment, consistently outperforming the stock market.
By Karen Libin, KL Realty. Karen is the owner and managing broker of KL Realty, and has more than 29 years of experience in the Boulder County real estate market. Contact Karen at KL Realty, call 303.444.3177, e-mail firstname.lastname@example.org or visit klrealty.net.