How To Prepare And Sell A Home On A Budget (2024)

Kyle Hisco*ck

Kyle Hisco*ck | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group

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Top Tips For Preparing & Selling A House With A Low Budget

How To Prepare And Sell A Home On A Budget (1)

How To Prepare & Sell A Home On A Budget

Selling a home can be a very stressful process and if a homeowner is attempting to prepare and sell their home with a small budget, the stress is magnified. There are many homeowners who simply do not have the capital to spend on preparing their home for the market.

It’s pretty obvious that a homeowner who has the ability to remodel their kitchen with granite counters, update their bathrooms, and install a new roof prior to listing their home has a much better chance to sell their home quicker. This does not mean that the seller is going to end up with more money in their pocket after you consider the amount of money they’ve spent on updates and improvements.

Ifyou’re looking to prepare and sell your home but don’t have boatloads of money, take a deep breath, it can be done. By following some simple tips for selling a home on a budget, you’ll be on your way to a successful home sale without having to break your piggy bank.

Below you’ll find out what some of the low cost and potentially no cost tips for selling a home on a budget are. Take note and remember as you prepare to sell your home, you don’t need to spend thousands of dollars to be successful.

Top Budget Friendly Home Sale Preparation Tips

One of the most important things for the majority of home sellers is that they sell their home quickly and for top dollar. This doesn’t vary whether someone is selling their fifth home or whether you’re a first time home seller. Preparing a home for sale is one of the biggest factors that will determine whether a home will sell quickly and for how much.

Since this article is geared to help prepare and sell a home on a budget, below are some of the best budget friendly home sale preparation tips. If you’re selling a home and you’re not looking to spend a lot of money preparing your home for sale, the following tips are some that you should absolutely consider while preparing your home for the market.

Budget Friendly Curb AppealTips

Curb appeal is a crucial part of selling a home. A home that has an attractive curb appeal has a huge advantage over homes that look average or terrible from the road. For example, if you’re selling your home on a budget during the summer months, there are certain summer curb appeal tips that can be followed that won’t break the bank.

Below are some of the best budget friendly curb appeal projects to consider completing when selling your home on a budget.

  1. Mow the grass
  2. Pressure wash the driveway and walkways
  3. Weed the flower beds
  4. Trim shrubs and bushes
  5. Paint exterior door and trim

As you can see, the above budget friendly curb appeal tips will cost next to nothing. A seller who completesthese tasks will spend very little money and a little bit of effort, but willsee a very nice return when theirhome sells.

Budget Friendly Interior Tips

How To Prepare And Sell A Home On A Budget (2)

Budget Friendly Tips To Prepare For A Home Sale

Preparing the interior of a home for the market is also essential to a successful home sale. There are certain things that scare away potential home buyers, such as foul odors or a home that is cluttered with personal belongings. The great news is that preparing the interior of a home can be done on a budget as well. Like the budget friendly curb appeal tips, there are several things that can be done to the interior of a home for a small amount of money.

Below are some of the best budget friendly interior projects to consider when sellinga home on a budget.

  1. Freshly paint rooms, if needed
  2. Wash the windows
  3. Clean floors
  4. Vacuum carpets
  5. De-Personalize
  6. De-clutter and organize
  7. Dust
  8. Wash and dust light fixtures and lightbulbs
  9. Stage the home to show functionality

One of the top home selling mistakes that is very common is that sellers do not properly prepare their home for sale. It can be avoided quite easily by completing the budget friendly interior projects that are listed above. While these projectsmay not cost a ton of money, they will make a monumental difference when a buyer walks through yourfront door.

Budget Friendly ExteriorTips

The exterior of a home is often neglected by homeowners who are preparing their home for sale. The exterior of a home needs to be prepared for the market just as much as the interior. This is especially true if you’re selling a home with pets, such as a dog. The exterior of a home can be prepared on a budget as well and if done properly, can make the difference between a home selling or lingering on the marketfor months.

Below are some of the top budget friendly exterior projects to complete when selling a home on a budget.

  1. Clean and organize the garage, shed, or any outbuilding
  2. Stage the exterior living space
  3. Inspect the condition of the roof and repair as needed
  4. Clean gutters
  5. Paint any fencingas needed
  6. Wash the windows

If you don’t see a trend, preparing a home for sale on a budget can be done by simply cleaning, washing, and properly staging. One of the best staging tips to maximize the sale price is to stage the outdoor living space to help paint the picture for potential buyers. This project can be done with no money if you already have some outdoor furniture.

Neglecting the exterior of the home must be avoided at all costs. Just because a seller is sellingtheirhome on a budget does not mean it is a good idea to not prepare the exterior of theirhome.

Other Tips For Selling A Home On A Budget

Now that you’ve learned about some of the best low cost tips to prepare a home for sale, it’s important you know what some of the other tips are for selling a home on a budget. Below are some other tips to consider if you’re selling your home and don’t have a ton of money.

Avoid Budget Friendly Real Estate Agents

How To Prepare And Sell A Home On A Budget (3)

Avoiding Budget Friend Real Estate Agents Is Highly Recommended When Selling A Home On A Budget

There are tons of ways to sell a home on a budget but one thing that should be avoided at all costs is hiring a real estate agent based solely on commission rates. Hiring a real estate agent is one of the most important steps in the home sale process.

Depending on your location, there is likely several hundred to several thousand real estate professionals in your area. Every real estate agent uses different marketing techniques to sell homesand also provides a different level of service. There are real estate agents who offer discounted commission rates and since you’re looking to sell a home on a budget you would think that would be a good idea but that is not true.

If you want a real estate agent to onlyput a sign in your front yard and enter your home into the local real estate database (MLS), then hiring a budget friendly agent may be exactly whatyou’re looking for. The problem is that simply putting a sign in front of a home and waiting for the home to sell is not going to lead to a quick sale for top dollar. There are not many budget friendly real estate agents out there who will do more than the bare minimum to sell a home.

Since the marketing and exposure a home receives is one of the top factors of whether a home sells or not, hiring a budget friendly agent is a poor business decision. It’s vital that youknow how to interview real estate agents when selling a home, even on a budget.

Don’t Be Unrealistic In Negotiations

If you’re selling a home on a budget, it’s important that you remain realistic during negotiations. For example, if a buyer is requesting a seller concession towards their closing expenses, shooting down a purchase offer is a poor choice. It’s a better idea to attempt to negotiate with a buyer to hopefully come to terms that are acceptable to all parties.

Other parts of a real estate transaction that sellers need to remain realistic include anyinspection negotiations as well as negotiations in determining possession dates. Bottom line, one of the most important tips for selling a home on a budget is to remain realistic withnegotiations. Not doing so is a surefire reason your real estate transaction will fall through.

Don’t Underestimate The Importance Of Preparing Your Home For Showings

Preparing a home for private showings is very important and doesn’t have to cost anything other than some effort and time. There is no comparison between walking into a home where a homeowner has taken the time and effort to prepare for a showing and one that was not prepared. Since there is only one opportunity to make a positive first impression, it’s critical to properly prepare your home for showings.

Below are some great tips for preparing your home for showings on a budget.

  1. Turn on all lights
  2. Open windows if cool and breezy outside
  3. Turn on heat if cold outside/Air condition if hot outside
  4. Stowe away personal belongings
  5. Make beds
  6. Fold throw blankets and organize pillows on couches and chairs
  7. Check for odors

Preparing for a showing doesn’t have to take hours and hours, but it is very important. If you’re selling a home on a budget and have children or animals, it may take a bit longer to prepare for showings, but is well worth the extra effort and time. It’s recommended to ask your real estate agent for their tips for selling a home with kids or with pets and how they would suggest preparing for a showing.

Final Thoughts

Preparing and selling a home on a budget is not impossible. Many sellers believe that it cannot be done, but this is simply not true. A lot of the tips for selling a home on a budget come at a cost of personal time and effort. Even though the tips for selling a home on a budget cost time and effort, they end up leading to a quicker sale and more money.

Other Top Home Selling Resources

Are you looking to sell a home in Rochester NY on a budget? If so, the above tips on preparing and selling a home on a budget will be very helpful. It’s always important to keep in mind that cutting corners to save money can end up costing a seller more money in the long run. If you haven’t hired on of the best real estate agents in Rochester, NY, contact me and I’d love to discuss your real estate circ*mstances.

About the authors: The above article “How To Prepare And Sell A Home On A Budget” was provided by the Keith Hisco*ck Sold Team (Keith & Kyle Hisco*ck). With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

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How To Prepare And Sell A Home On A Budget (2024)

FAQs

How To Prepare And Sell A Home On A Budget? ›

If I sell my house, how much do I keep? After selling your home, you must pay any outstanding mortgage, agent commissions, and closing fees. You keep the remaining money after settling these costs. After all the deductions, you have 60 to 85 percent of the house's total sale.

How should you prepare a house before selling? ›

Follow these tips when preparing your home for sale to attract the most interest — and the best offers.
  1. Identify necessary repairs. ...
  2. Declutter, depersonalize and clean. ...
  3. Gather all the documents needed. ...
  4. Home staging, curb appeal and photography. ...
  5. Listing your home. ...
  6. FAQs.
Oct 26, 2022

How much should you spend to get your house ready to sell? ›

Common expenses for home sellers in California
Common expensesEstimated cost*
🛠️ Prepping for sale$200 to $9,898
💸 Realtor fees2.00% to 7.00%
💰 Closing costs$5,535 to $23,612
🚚 Relocation expenses$742 to $5,794
2 more rows
Jan 4, 2023

What is the best strategy for selling a house? ›

Here are 10 tips for selling your home that Realtors say will separate you from the competition — and help you bring in a higher price.
  • Find a real estate agent. ...
  • Invest in value-adding improvements. ...
  • Get a pre-listing inspection. ...
  • Highlight the positive with professional photos. ...
  • Stage your home. ...
  • Set the right asking price.
Apr 10, 2024

How much profit should you make when selling a house? ›

If I sell my house, how much do I keep? After selling your home, you must pay any outstanding mortgage, agent commissions, and closing fees. You keep the remaining money after settling these costs. After all the deductions, you have 60 to 85 percent of the house's total sale.

What is the first thing you should do when preparing to buy a home? ›

The first thing you should do when you want to buy a house is get pre-approved for a mortgage loan. Mortgage pre-approval involves finding a lender, such as a bank or credit union. You'll provide them with your financial information, including your income, credit history, and debt.

How do you make an empty house look good to sell? ›

From Blank Canvas to Buyer's Dream: 12 Tips to Sell a Vacant Home
  1. Give your curb appeal extra love. ...
  2. Work with a dedicated real estate agent. ...
  3. Stage your home, prioritizing key spaces. ...
  4. Pay close attention when staging the bed and couch. ...
  5. Remove stray items to avoid the 'abandoned' look.
Dec 30, 2020

Should I put money into my house before selling? ›

Before you sell, you'll want to ensure your home is in the best condition possible so it appeals to buyers. However, you'll also want to monitor your bottom line. You don't want to invest more than you stand to recoup.

How can I make my house worth more before selling it? ›

There are plenty of DIY and budget-friendly home improvement projects that can increase your home value before you sell.
  1. Add Fresh Paint. ...
  2. Declutter And Clean. ...
  3. Focus On Curb Appeal. ...
  4. Replace The Front Door. ...
  5. Switch To Energy-Efficient. ...
  6. Redecorate The Bathroom. ...
  7. Update The Kitchen. ...
  8. Replace The Carpet.
May 23, 2023

How much do sellers usually come down on a house? ›

The amount you may want to reduce your home's asking price depends on many factors, including the median price in your area, what comparable homes nearby are selling for and the length of time the home has been on the market. According to a Zillow study, the average price cut is 2.9 percent of the list price.

What is the secret to a fast sale of a property? ›

One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, you detract prospective buyers and price out potential bidders. In addition, it may take longer to settle the negotiation process if prospective buyers want your price to come down.

What is an acceptable first offer on a house? ›

Typically, a lowball offer is considered to be at least 20% below the asking price. If you're offering 10% below, the property should be in a good condition but may just need some cosmetic work done. The goal of offering 10% below the asking price is to use those extra funds to cover the repairs.

How to negotiate house price as a seller? ›

Real Estate Negotiation Tips: How to Negotiate Price as a Seller
  1. Work With a Real Estate Agent. ...
  2. Choose Your Real Estate Agent Wisely. ...
  3. Set a Realistic Asking Price. ...
  4. Get a Home Inspection. ...
  5. Counter at the Asking Price. ...
  6. Put a Deadline on the Counteroffer. ...
  7. Don't Be Afraid to Reject an Offer. ...
  8. Offer to Pay Closing Costs.
May 30, 2023

How much equity should you have in your home before selling? ›

How much equity should you have before you sell your house? At the very least, you want to have enough equity to pay off your current mortgage, plus enough left over to make a 20% down payment on your next home so you can avoid paying private mortgage insurance (PMI).

What happens to my equity when I sell my house? ›

When the market value of your home is greater than the amount you owe on your mortgage and any other debts secured by the home, the difference is your home's equity. Selling a home in which you have equity allows you to pay off your mortgage and keep any remaining funds.

What is the 70% rule in house flipping? ›

Basically, the rule says real estate investors should pay no more than 70% of a property's after-repair value (ARV) minus the cost of the repairs necessary to renovate the home. The ARV of a property is the amount a home could sell for after flippers renovate it.

How do I make my house look ready to sell? ›

Cleaning your house before a showing or open house presents a good first impression to potential buyers.
  1. Give the House a Deep Clean. ...
  2. Hire a Handyperson. ...
  3. Get Estimates for Any Major Repairs. ...
  4. Declutter Your Home. ...
  5. Paint the Walls. ...
  6. Depersonalize the Space. ...
  7. Get Your Home Photo-Ready.
Jun 14, 2023

Should you clean a house before selling? ›

When a house is for sale, the goal is to make it as attractive as possible to potential buyers. The most cost-efficient way to spruce up the home is to clean it thoroughly.

How to prep a house for showings? ›

Checklist: For a Better Home Showing
  1. Remove clutter. Clear off counters and pack unnecessary decorative items. ...
  2. Let it shine. Cleaning windows and screens will help bring more light into your home. ...
  3. Keep it clean. ...
  4. Maximize comfort. ...
  5. Perform a sniff test. ...
  6. Take care of minor repairs. ...
  7. Tidy up outdoors. ...
  8. Set the scene.

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