Prep your inn for sale? We’re still in a seller’s market, but that doesn’t mean your B&B inn is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your inn before putting it on the market.
Start by connecting with a specialized B&B real estate agent, like Rob Sales, as soon as possible. Having the eyes and ears of an insightful B&B real estate professional on your side can help boost your home’s appeal to buyers. What’s more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property’s value. Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your inn. While everyone’s situation is unique, these guidelines will help you make sure you’re ready to sell when the time is right. Of course, you can always call us if you’re not sure where to start or what to tackle first. We can help customize a plan that works for you. We show you exactly how to prep your inn for sale.
AS SOON AS YOU THINK OF SELLING
Some inn sellers want to plan their future move far in advance, while others will be required to pack up on very short notice. Whatever your circumstances, these first steps will help assure you’ll be ahead of the listing game.
Contact Your Real Estate Agent
We go the extra mile to service our clients, including a series of complimentary, pre-listing consultations to help you prepare your home for the market.Some sellers mistakenly wait until they are ready to list their home to contact a real estate agent. But we’ve found that the earlier we’re brought into the process, the better the result. That often means a faster sale—and more money in your pocket after closing.We know what buyers want in today’s market, and we can help devise a plan to maximize your property’s appeal. We can also connect you with our trusted network of contractors, vendors, and service professionals, so you’ll get the VIP treatment. This network of support can alleviate stress and ensure you get everything done in the weeks or months leading up to listing.
Address Major Issues and Upgrades
In most cases, you won’t need to make any major renovations before you list. But if you’re selling an older home, or if you have any doubt about its condition, it’s best to get us involved as soon as possible, so we can help you assess any necessary repairs.In some instances, we may recommend a pre-listing inspection. Although it’s less common in a seller’s market, a pre-listing inspection can help avoid potential surprises down the road. We can discuss the pros and cons during our initial meeting. This is the time to address major structural, systems, or cosmetic issues that could hurt the sale of your home down the line. For example, problems with the frame, foundation, or roof are likely to be flagged on an inspection report. Issues with the HVAC system, electrical wiring, or plumbing may cause the home to be unsafe. And sometimes outdated or unpopular design features can limit an inn’s sales potential. Remember, when dealing with major repairs or renovations, it’s best to give yourself as much time as possible. Given rampant labor and material shortages, starting immediately can help you avoid costly delays.2 Contact us so we can guide you on the updates worth your time and investment.
1 MONTH (OR MORE) BEFORE YOU LIST
Once any large-scale renovations have been addressed, you can turn your attention to the more minor updates that still play a major role in how buyers perceive your B&B inn. These steps also help prep your inn for sale.
Make Minor Repairs
Look for any unaddressed maintenance or repair issues, such as water spots, pest activity, and rotten siding. This is the time to take care of those small annoyances, like squeaky hinges, sticking doors, and leaky faucets.Many of these issues can be handled by going the DIY route and using a few simple tools. Tackle the ones you can, and be sure to call a professional for the ones you’re not comfortable doing yourself. We can refer you to local service providers who can help.Remember that it’s easy to overlook these small issues because you live with them. When you work with us, you get a fresh look at your inn—so you don’t miss any important repairs that could make a big difference to buyers.
Refresh Your Design
This is a great time to think about some simple design updates that can make a significant impression on buyers. For example, a fresh coat of paint is an easy and affordable way to spruce up your home. One survey found that interior paint offered a 107% return on investment.3 For broad appeal, opt for warm, neutral colors.And never underestimate the importance of good curb appeal. Homes with good curb appeal sell for 7% more, on average, than similar homes with an “uninviting exterior.”4 If weather permits, lay fresh sod where needed, plant colorful flowers, and add some new mulch to your beds.Even just repositioning your furniture can make a huge difference to buyers. A survey by the Real Estate Staging Association found that staged homes sold faster, and 73% sold over list price.5 We can refer you to a local stager or offer our insights and suggestions if you prefer the DIY route.
Declutter and Depersonalize
Doing a little bit of decluttering every day is easier than trying to take care of it all at once, right before your home hits the market. A simple strategy is to do this one room at a time, working your way through each space whenever you have a bit of free time. Start by donating or discarding items that you no longer want or need. Then pack up any family photos and personal collections on display. Bonus: This will give you a head start on packing for your move!
1 WEEK BEFORE YOU GO TO MARKET
With just one week before your inn is available for sale, all major items should be crossed off your to-do list. Now it’s time to focus on the small details that will make your inn shine. Here are a few key areas to focus on during this last week.
Check-In With Your Agent
We’ll connect again to ensure we’re aligned on the listing price, marketing plan, and any remaining prep. We will be there every step of the way, ensuring you’re fully prepared to maximize the sale of your B&B inn.
Tidy Your Exterior
You’ve already done the major landscaping—now it’s time to tackle the last few details. Make sure your lawn is freshly mowed, hedges are trimmed, and flower beds are weeded. Find out how to improve your curb appeal.In addition, now is the time to clean your home’s exterior if you haven’t already. Power wash your siding, empty the gutters, and wash all your windows and screens.
Deep Clean Your Interior
Your inn should be deep cleaned before listing, including a thorough deodorizing of the home’s interior and steam cleaning for all carpets. Consider hiring a professional cleaning company to ensure the space smells and looks as fresh as possible. Buyers will look inside your closets, pantries, and cabinets, so ensure they are neat and organized. Small appliances and toiletries should be cleared off the countertops.
DAY OF SHOWING
Now you’re all set to go, and there are just a few small things you need to handle on the day of showings. Do a final walk-through and take care of these finishing touches to give potential buyers the best possible impression.
Happy and comfortable buyers are more likely to submit offers! Make them feel at home by adjusting the thermostat to a comfortable temperature. Open any blinds and curtains throughout the house and turn on all lights so buyers can see all the potential in your home.Then tidy up by vacuuming and sweeping floors, emptying (or hiding) trash cans, and wiping down countertops. In the bathrooms, close toilet lids and hang clean hand towels. Don’t forget to secure firearms, jewelry, sensitive documents, prescription medications, and any other items of value in a safe or store them off-site.Finally, it’s best to have pets out of the house during showings. If possible, you should also remove evidence of pets (litter box, dog beds, etc.), which can be a turn-off for some buyers.
DON’T WAIT TO PREP YOUR INN FOR SELLING
If you want to get top dollar for your bed and breakfast inn, don’t put it on the market before it’s ready. The right preparation can make all the difference when it comes to maximizing the offers you get. The upgrades and changes you need depend on the condition of your bed and breakfast inn, so don’t wait to speak with an agent.Contact B&B Consulting if you’re thinking about selling your B&B inn, even if you’re not sure when. It’s never too early to seek the guidance of your real estate agent and start preparing your inn to sell. If it’s the right decision for you, we’ll help you prep your inn for sale.
3. PR Web