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How to Break Even When you sell Your First Apartment

By Mike Wheatley | February 17, 2016

Selling real estate properties can be a lucrative investment strategy, although many first-time apartment owners struggle just to break even. While location and market conditions often play a major role in determining the sale price, certain steps may be very helpful to ensure buyers are willing to meet an asking price. No detail should be considered too small when it comes to breaking even with an apartment sale.

How to Break Even When you Sell Your First Apartment

Selecting the Right Marketing Plan 

Failing to effectively market an apartment makes it far more difficult to close the deal. Apartment listings, open-house showings, and other ways to advertise can attract greater numbers of potential buyers. Working with a real-estate agent or brokerage is often the best option for those who have little to no experience selling real estate. You can also try online services to get the word out to as many people as possible.

Cleaning and Preparation

While a poorly kept apartment can be a real liability, even a small amount of clutter can become an issue. Well selected furnishings and decorative items can flatter the space, but too many items can make an apartment feel smaller than it actually is. A thorough cleaning and efforts to remove as much clutter as possible can make a real difference in getting a buyer on the hook.

Installing New Fixtures and Appliances 

Lighting installations and major appliances that have begun to show their age can be a real eyesore. Investing in new devices and replacing fixtures that are worn out or dated is a great way to keep an interior environment looking fresh and stylish. While purchase and installation costs may be an issue for some property owners, new fixtures can often pay for themselves should a buyer be willing to meet your asking price.

Accent Items 

Fresh towels, accent pillows, and other seemingly minor decorative touches may play a key role in creating the right atmosphere. Decorative items that can be sourced for relatively little cost are often a key resource. Making a small investment in the right items can help ensure your apartment does not end up selling at a loss.

From a simple spring cleaning, to posting pictures and videos of your apartment's interior online, there are numerous ways that first-time sellers can ensure a smooth and successful sale. Failing to break even on the sale of an apartment could place strain on your budget and finances. Making an effort to improve the look and feel of your interior space and marketing your apartment aggressively are two concerns no apartment owner can afford to ignore.

About the author: Brooke Chaplan is a freelance writer and blogger. She lives and works out of her home in Los Lunas, New Mexico. She loves the outdoors and spends most her time hiking, biking and gardening. For more information on home designs, look at new apartment sites like to see the latest you might be able to replicate. Brooke is available via Twitter @BrookeChaplan.

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
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