In today’s challenging real estate market, the dynamics of buying and selling homes are shifting in surprising ways.
According to a recent Zillow report, new U.S. homes are selling for $3.50 less per square foot than older ones—a pricing gap that hasn’t been this wide in at least six years. Traditionally, buyers pay a premium for brand-new properties, yet current market pressures are creating opportunities for buyers to find deals in new construction.
This trend is evident in 21 major U.S. metros, including Los Angeles, where the cost difference between new and old properties has become significant.
For owners of older properties in Los Angeles, this means that careful preparation is more important than ever to stand out to potential buyers. Strategic updates and maintenance can boost a property’s value, making it more attractive and competitive in today’s unique market.
1. Inspect and Repair the Roof
A roof in good condition is essential when selling a property, as it’s one of the first things buyers notice. Any visible wear, missing shingles, leaks, or structural issues can be immediate dealbreakers, signaling potential future expenses to buyers.
To avoid these concerns, consider hiring a professional roofing service to inspect the roof before listing. They can identify any hidden issues, helping you address necessary repairs and ensure the roof is in optimal condition. This enhances the property’s appeal and reassures buyers about its durability and readiness.
For homeowners in Los Angeles, finding a trusted roofing team is essential. To discover professional roofing services in Los Angeles, click here!
According to LA Roof Masters, professionals in roofing use top-quality materials to ensure your roof looks great and is durable. Many offer free roof inspections to evaluate its condition and guide your property sale preparations.
2. Enhance Curb Appeal with Landscaping
One of the most effective methods to make a good first impression is to update the landscaping on your property.
According to Architectural Digest, Los Angeles–based landscape architect Camille Cimino suggests designing your yard like an amphitheater. She recommends creating a “stack” of plants—placing taller varieties in the back, medium plants in the middle, and shorter ones in the front. Cimino also emphasizes paying attention to textures and colors, as a well-balanced selection will add dimension and visual interest.
Landscape designer Yost advocates for simplicity, a powerful yet often overlooked strategy. She recommends grouping complementary plants, like boxwood with ornamental grasses, to create a sophisticated look that’s both structured and dynamic.
3. Update the Interior with Modern Touches
Modernizing the interior of an older property with carefully chosen upgrades can significantly increase its appeal to today’s buyers. Sunset Magazine notes that in 2024, the design pendulum is swinging back toward maximalism, with bright colors and bold patterns making a comeback. Los Angeles designer Breegan Jane suggests balancing a neutral base with vibrant accents, adding instant sophistication and fun to any room.
Wallpaper is also gaining traction as a versatile design element, acting almost like artwork. “Wallpaper can bring in extra interest,” explains the owner of LH. Designs, highlighting it as an easy way to add character to walls or even ceilings. Lighting is another powerful yet simple upgrade. Denver designer Nadia Watts recommends updating fixtures to elevate a room’s ambiance and make it look more polished.
For an elegant, timeless touch, designer Alisha Taylor suggests adding quality finishes, such as brass hardware, to infuse the home with quiet luxury. Small but intentional upgrades like these add value without a large investment, transforming any older property into a more appealing, contemporary space.
4. Ensure Compliance with Local Regulations
In Los Angeles, strict building codes and environmental regulations require that properties, especially older ones, meet specific safety standards. Ensuring compliance with these codes—particularly in areas like electrical wiring, plumbing, and structural integrity—is critical to avoid potential roadblocks during the sale process.
According to Archinect, Los Angeles County recently approved a motion mandating seismic retrofits for all non-ductile, concrete high-rise structures. This regulation requires building owners to submit structural evaluations within ten years. It aims to address vulnerabilities highlighted after the devastating Turkey-Syria earthquake in February 2023.
The motion underscores the importance of keeping properties up to date with evolving safety codes. For homeowners selling older properties, conducting a compliance check and addressing any deficiencies early can boost buyer confidence and streamline the transaction.
5. Staging Your Home for Success
To maximize your home's appeal, stage it properly. Begin by removing clutter to make the space feel larger and more inviting.
Incorporating neutral colors and decor can also appeal to a broader audience, allowing potential buyers to envision themselves in the space. Additionally, arranging furniture strategically can draw attention to architectural details or beautiful views, enhancing the overall appeal of your home.
Working with a staging professional can provide the motivation you need to get started. While you might need to invest between $5,000 and $10,000 to prepare your home, this investment often yields significant returns. In some cases, you could potentially double or even triple your initial outlay upon sale. Properly staged homes attract more buyers than those that appear disorganized or in disrepair.
FAQs
How much should I invest in renovations before selling my home?
The ideal renovation investment depends on your home's condition, local market trends, and your budget. Minor cosmetic upgrades like fresh paint and landscaping can significantly boost curb appeal. Major renovations like kitchen or bathroom remodeling might yield higher returns but can be costly. Consult with a real estate agent to assess your specific situation and determine the most profitable renovations.
What are the most important features buyers look for in a property?
Buyers in Los Angeles prioritize location, modern amenities, outdoor space, natural light, and potential for customization. They seek homes in desirable neighborhoods with easy access to entertainment, dining, and transportation. Additionally, buyers often look for homes with potential for renovation or expansion to suit their personal preferences.
How long does it usually take to sell a home in Los Angeles?
On average, homes in Los Angeles stay on the market for about 45 days before selling. However, this timeframe can vary based on factors such as location, pricing strategy, and market conditions. Working with a knowledgeable real estate agent can help expedite the process.
Getting an older property in Los Angeles ready for sale requires thoughtful planning and execution. By prioritizing renovations, staging, and implementing strong marketing strategies, you can boost your property’s appeal and market value. With the right approach, you'll be set for a successful sale.