Real Estate in on the move. What will sell?

Our Country has seen the best and the worst in real estate trends in the past decade. The large wave of bank foreclosures and unemployment seem to have faded in background. We now have a new group of home buyers. Eager to buy the perfect house. Yes I said perfect house.

Our young upcoming home buyers have been watching the Property Brothers for sure. They expect the whole layout. Open floor plan. Luxury spa like bathrooms and of course the ultimate in a Chef's kitchen. Yes the celebrity life style is on the move. California is trending into the markets in Michigan.

My recommendation for anyone selling a home in this current market is to fix it up or face a very low price on you investment. Now that being said. Since the hedge funds have bought up all the REO property so us little guys can't get to ii, we have a slight housing shortage driving prices up on the current available homes. Good news for sellers at the moment. Sell, Sell, Sell if you want to get out. You will more than likely get your price from a first time home buyer.

I predict the next wave will be the remodeling of every home that investors can gett their hands on. You know with both people working they don't have the time or often skills to do the work themselves. They want that picture perfect no maintenance move in ready home and investors should be prepared to put in the upgrades.

Stainless steel appliances, tile floors, granite counter tops etc. You are not going to be able to cheap your way with this young group of buyers. they will have a discriminating tastes we have never seen the likes of in the Michigan market. 

If you have a home go ahead and splurge on that upgrade, You may as well enjoy it now and reap the benefits later. Make sure you are maintaining the home to keep the major repairs down at the time you decide to sell. A bad roof can cost you a lot more at the selling point than if you had replaced it. so protect your investment and care for it well. It may be worth it to move out update and then sell. This will be a sellers market for quite awhile. So take a few thousand and maximize your profits on your equity.