How to Determine Sell Price
By Tarek El Moussa
When it comes to reselling homes for a profit, it is all about putting that home in just the right kind of light, in all possible ways. While we might not think of lighting as the first thing we notice when we walk into a house, it inevitably is. Lighting has the ability to create special effects, make major positive or negative impressions and has the potential to cast either a shadow or a glow over a whole house.
It is not uncommon to see home flippers stuck in a rut when trying to quickly move a house that has no major flaws, but simply a bad set of lights. In order to take a home from a hum-drum purchase to a steal of a deal for some lucky buyer, envision what the house would look like with soft-toned, customized lighting that highlights the good and hides the bad.
Is Lighting Really Such a Big Deal?
The bottom line answer is yes, lighting is big deal because it influences the appearance of everything else in the home and even outside the home. Good lighting has the power to make an average home interior look dazzling, while poor lighting can hide the beauty and detail of a stunning home. As a home re seller, it is important for you to understand the value of good lighting and realize that it is not just an accessory or afterthought. For savvy home flippers, strategically placed and updated lighting that shows off the best aspects of the home and downplays any features that you don’t want to show is key.
How to Take Your Lighting Up a Notch
Think about spending an hour or so with a professional designer before bringing in an electrician to get the job done. Having a professional scope out your lighting possibilities might just be completely worth it in adding value to the home, especially if the home is older or has some serious lighting issues that you will be working to rehab.
Carefully consider what the overall feel and look of the home should be to a potential buyer. Would dimmable, low-light sconces placed along the well help to create that environment? What effect would be created by removing the bright, overhead lights from the kitchen and replacing them with strip lighting that runs above the counter space and underneath cupboards? How can you create a relaxing, inviting ambiance in a home by installing fully adjustable lights that can be customized to a buyer’s vision and preference?
Remember that for living spaces, kitchens and bathrooms in particular, achieving that perfect blend of overhead and wall lighting makes all the difference. When choosing fixtures, be sure to veer more towards a neutral look that blends in with the home’s other customization rather than selecting lighting accessories that fit your own personal style.
Lighting design is truly a make it or break it situation when it comes to home resale. To best improve your chances of turning a home over quickly and easily, make lighting a priority and see how much of a difference a few fixtures or a new electrical system can make.
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Tarek and Christina El Moussa have over a decade of professional real estate experience and have been featured in national print publications, online media outlets, and a popular real estate TV show. Tarek is known for his determination to get the job done and doing it right.
Latest posts by Tarek El Moussa (see all)
- How to Determine Sell Price - July 19, 2016
- Why Lighting Makes or Breaks Your Flip - July 15, 2016
- 5 Upgrades That Won’t Make You Money - July 13, 2016
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