More information about Georgia market trends
Atlanta market trends indicate a decrease of $8,000 (-3%) in median home
sales over the past year. The state of Georgia-and specifically Atlanta-was one of the most heavily impacted by the recession,
but has shown marked improvement in recent years, and as the data has indicated,
should continue to rise. In fact, home values in Georgia have risen by 5.6 percent over the past year,
and experts predict that they will continue to rise over the next year,
by a further 3.7 percent. Furthermore, thanks to a city wide makeover,
the current projected five year growth for Atlanta is 15.7 percent,
so things are looking up for the housing market in Georgia.
With all that considered, it is no surprise that Atlanta is rated by Fortune
as one of the hottest real estate markets in the country this year-meaning it is "poised for substantial growth in prices and sales" and a perfect
breeding ground for a seller's market.
Pricing Your Home Accurately
The current median home price in Georgia is $145,900,
and as we have established, the market is trending up. When deciding how to price your home,
there are a lot of different factors that you should take into consideration. Location, amenities, square footage,
these are all things that will affect the value of your home. There are a lot of resources online that will help you properly value your house,
and realtors can also offer solid advice on the subject.
You can view the counties in Georgia by their average listing price here,
and if you compare them with this list
that lets you know how popular they each are, you will be able to get a pretty good idea of how quickly your house is likely to sell.
For example, if you are located in Rabun county, you combine the highest median home value with one of the least popular places to live,
and you may have trouble shifting your house for a higher value, and you may have to lower it slightly.
How to Enhance Curb Appeal of a Georgia Home
Studies have shown that curb appeal
is one of the most important factors when it comes to selling a house,
as potential home buyers tend to form an opinion on a property as soon as they see the exterior. As a result,
a home's exterior is incredibly important-you don't want to start off a viewing with a bad impression that is likely to stick around in the buyer's mind.
And if someone drives by your house and they don't like what they see, what motivation do they have to go inside?
In the internet age, it is even more important, as people will be scrolling through the GA MLS looking for the best houses,
and all they will have to go on are a few pictures. But what can you do to improve curb appeal? Here are a few basic tips.
One of the best home improvements
when you compare total cost versus ultimate payoff in value is siding replacement. It is relatively cheap to do,
and it will vastly improve the exterior of your house. So to improve your curb appeal, start with siding.
If you don't have siding, giving the outside of your house a power wash and fresh coat of paint are perfect alternatives.
Another way to improve your curb appeal is through landscaping. This is a little bit more expensive,
but should have a great payoff. If you are worried about costs, you don't even need to hire a professional landscaper,
even just a nicely mowed lawn and some well kept plants can be enough to create a favorable impression for visitors.
One last tip for improving curb appeal is to paint your front door. It is a simple,
low cost task that you can do yourself and it will have an excellent payoff in terms of your home's value.
Much of curb appeal comes down to common sense. If you take a step back and look at your house from the outside,
you will see where your weaknesses are and be able to tackle them, making something that you can not only be proud of,
but a property that will sell much quicker on the GA MLS.