What sizes homes sell the fastest
Buyers often look at the size of their home and see if it meets their wants and needs like if they small family or have an acquired taste for certain size home, or maybe take into consideration the budget they have for a new home.
Ideal Home Size for Quick Sales
Homes that range from 1,500 and 2,500 square feet often sell the fastest. Mainly because these homes often appeal to large variety of buyers, some of these buyers can be first time buyers, families that are growing, and people wanting to downsize, thus making these homes much more appealing compared to other homes on the market.
Houses like these sell by quick compared to other homes. They are easy to clean and maintain, they are affordable, and have decent property tax costs.
Why Large and Small Homes Sell More Slowly
Luxury homes can be appealing to everyone as well as small homes they however can take a long time to sell.
- Houses that are larger than 3,500 square feet often have a small target market, i.e. pretty much anyone who can afford it, and the 1 percent of the World. Plus big homes often come with bigger maintenance costs and higher costs for utilities.
- Small homes or any home under 1,200 square feet can often give potential buyers the feeling of being cramped. Small homes often have a target audience of single livers, people who have retired and potential investors.
Other Factors That Influence Selling Speed
Despite this blog there are other factors that can contribute to how fast a home sells, like for instance homes that are in good locations, have good curb appeal, and making sure the home is marketed to the right buyer.
Conclusion
If you want to sell a home quickly, making the home’s size is between 1500 and 2500 square feet. These homes get the attention of much larger target audience and add affordability and comfort. But also not it isn’t just size alone that effects the speed of sale it is also location and presentation.
If you want to know more here is another article at Money.com.
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