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November 11, 2009


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Tips for Showing Your Condo, Townhouse

Condos and townhouses are selling like never before, with prices in various parts of the country breaking records. If you're thinking of selling, now's a great time to cash in and move up. In order to receive top dollar, you'll want to show your home to look its best.

The National Association of Realtors recently reported that condo and co-op sales sales in 2002 rose 10.5 percent above what had been the record in 2001 - and they're appreciating faster than single-family homes. The median price of an existing condo in 2002 was $137,100.

Records are being broken regionally, too.

"... the average price for condos and townhouses rose to a record $195,788," said Harris Reiter, who sells real estate in Golden, Colo., earlier this month "Appreciation has been relatively flat with a greater number of properties on the market compared to this time last year. In all price ranges, the perfect homes are moving quickly."

The same trend is being seen in other parts of the country as well.

"Townhomes and condominiums are the hottest market segment with detached homes in third place," said David Rathgeber, an agent in McLean, Va.

So, if you've decided that now is the time to sell, you'll want to take the time to properly prepare your condo to show to potential buyers.

When it comes to regular, detached houses, first impressions and curb appeal are everything. With a condo or townhouse, first impressions are still important, but curb appeal comes more with the overall look of the development and how well it's maintained - something normally controlled by the homeowners' association.

And because you'll have less control over the curb appeal, it's even more important to impress would-be buyers once they open the door to the condo or townhouse.

One of the first things to do is to light up the house, buying additional lamps if you need to.

Because many townhouses and condos share walls, there are two walls without windows - and less light, making many rooms seem dark.

Interior designer Rosemary Sadez Friedmann says that if a room is too small, visually push one wall open by washing it with light; and if a room is too wide, illuminate the narrow ends of the room. Conversely, if a room is too narrow, illuminate the wide sides of the room.

Other things to do include:

  • Get rid of the clutter. Too much stuff suffocating the counters, dressers, and ledges is a downfall for any house, but in a small house, the more clutter the potential buyer sees, the less house he'll see. Keep the kitchen counters clear, eliminate all those knickknacks scattered about the house, and keep your accessories and artwork simple.

  • Keep the walls light. Dark-colored walls will make a room appear even smaller than it is. You may want to consider sprucing up your walls with a fresh coat of paint anyway, so stick to a light color. To create the effect of more light, paint the ceiling a color lighter than the walls.

  • Don't display too much furniture. If you have a lot of furniture, put some of it in storage. Then, think about the layout and focal point of the room and decide whether you're trying to accentuate roominess or coziness. If you're going for spaciousness, keep the large pieces against the wall. Furniture color should be similar to the wall and floor color. Too much will look cluttered and will subtract from the spacious feeling you're trying to achieve. If you're striving for a cozy feel, select dark pieces, whether it's fabric or wood. Go for big patterns on one or two pieces, placed away from the wall.

  • Make the room's contents proportionate to the room size. Don't leave your pool table in the tiny extra bedroom - potential buyers will just see a small room and will leave with that impression.

  • Add some mirrors. Strategically placed mirrors can help make a room appear larger.

  • Highlight tall lines. Try to choose accessories that are long and narrow. Long, thin lamps and plants can help you achieve a sense of height versus accessories that take up a lot of horizontal space.

  • Clear out some stuff from your closets. Too many clothes and shoes will make the closet look small. Get rid of about half of your hanging clothes to make the closet - an important amenity for homeowners - appear large and airy.

    And finally, set a competitive price without getting greedy. Even if condo sales are brisk in your area, don't fix your price too high; if you do, offers probably won't come your way. An agent can help you with a market analysis to establish a realistic price to help you yield every penny your townhouse or condo is worth.

  • Published: April 21, 2003

    Use of this article without permission is a violation of federal copyright laws.











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