Any Chicago home sale, like everything else, tends to go better when preparation has been carefully thought out—and then acted upon.
For homeowners who suspect that they will be selling sooner or later, there are some planning steps that can be taken long ahead of time.
Some Chicago real estate planning is the long-range variety. The first thing the canniest new homeowners do is to take a look at the property with an eye to improving its landscape design, and plant trees. Even if they take a decade to mature, that’s an action that can pay huge dividends later.
There are other real estate planning actions that don’t take years to start bearing dividends. Take the example of household utilities. The issue here is the bills that begin to appear in the mailbox (or computer’s In-box) within a month of moving in. What might seem to be a background irritant at first may rear its ugly head with greater impact later, when a sale is impending. Particularly if and when energy prices escalate—a not-unlikely possibility.
Any Chicago real estate plan takes buyers’ concerns into account—and today, many prospective buyers are mindful of the real impact operating costs have on a family budget. They ask to see a year’s worth of utility bills before making an offer. Since those bills are a matter of record, it’s not an unreasonable request. But if the energy and water expenses are sky-high, they are bound to reflect in the size of the offer. If they’re off-putting enough, they can even result in the worst offer: none at all!
The takeaway is simple but important. Where utilities are concerned, the best real estate planning is to minimize the chunk they take out of the family budget. That may involve the financial pain of making a non-emergency upgrade (like investing in a smart thermostat when the old-fashioned one works perfectly well)—but acting now rather than later will not only shrink the size of next month’s checking account outflow, it begins what later will become much more substantive: an admirably efficient household with provably minimal operating costs.
For more real estate planning help (short- or long-term), call me!