Should you sell your Denver home when you retire? You’ve worked hard and now it’s time to enjoy the fruits of your long labor. Retirement. The biggest worry you have is whether you have enough money to actually retire. You’ve saved, but the biggest asset you have is your home. Will selling it help?
A boon for your bank account
The answer may be yes. Your home, especially if it’s paid off or almost paid off, can be a huge boon for your bank account. Selling it will provide you with liquid money and, if you haven’t taken it in a prior sale, a break on the capital gains. One thing you should do is be sure you home is ready to get you top dollar. The market in Denver has improved so now is the time to get the most for your home.
Start with the outside. Make sure your curb appeal is wonderful. Feed your lawn to make sure it is healthy and green. Trim hedges and trees and plant some colorful flowers to enhance curb appeal. Make sure walkways are clean and repaired. Your front door should be inviting and say “please come in!” Paint it or replace it.
Spruce up the inside
Declutter and clean your home top to bottom. Repaint rooms in a neutral palette. Remove wallpaper and paint instead. Decluttering should include removing oversized furniture. Make your rooms look larger and spacious. Don’t forget to make repairs as you find them, and to update kitchens and baths. Both sell homes and are worth the money spent.
Loan for repairs
Speaking of the money spent, since interest rates are low, it might be a good idea to take a loan for the repairs or updates if you don’t have the money handy. You can repay them from the proceeds of sale and even a few thousand dollars in updates can net you $20,000 to $30,000.
Hire the best Realtor
Hire the best Realtor and price your home to sell. Find a Realtor who is willing to make sure to price your home to sell. Overpricing it will mean potential buyers who could purchase your home won’t see it. Underpricing it too much will cheat you of the money you need for retirement. Pricing it right will mean it sells and you will get exactly what you need!
Find out how to price your home right in this hot market, give Tena D a call today! 303-452-5853