Boston home owners spend more on selling homes

Boston home owners spend more on selling homes
13/04/2019 , by , in INTERNATIONAL

Sellers in Greater Boston spend about $10,000 more to prep and sell their home than the typical US homeowner, according to a recent study.

Here, the costs of selling a typical home (worth $466,000) add up to $35,580, according to an analysis by the Zillow real estate site and Thumbtack, a site that matches owners with home improvement professionals. This includes closing costs, but also the improvements and other projects made when people are preparing their homes for sale. The majority (79 percent) of sellers complete at least one home improvement project before putting the home on the market, and sellers who make improvements to their homes are more likely to sell for over the asking price than those who don’t — 22 percent versus 16 percent, according to the Zillow Group Consumer Housing Trends Report.

Sellers who hire professional help for common home prep projects tend to spend, based on a national average, $6,570 on improvements like interior and exterior painting, staging, and carpet cleaning, as well as local moving costs to their new home.

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