When you’re planning on selling your home, factoring in time and money for renovation projects beforehand is essential. Fixing up your home can help raise its value and make it more attractive to buyers.
While you’re deciding what to do, keep these tips in mind on home renovations for selling purposes:
- Focus on basic maintenance. While investing in a spruced up kitchen or bathroom can be a good way to boost your home’s value, buyers will want to see evidence that they’re purchasing a home that’s in good condition. Depending on the shape your home is in, this could mean getting a new roof, replacing your siding or investing in new windows that reduce drafts and provide more energy-efficiency.
- Consider how much you’ll get back. The amount of money that you recoup on home improvement projects depends on what you have done, how much you spend, how soon you sell, the current housing market and the value of homes in your area. Weigh all of these factors carefully before determining which remodeling projects to undertake.
- Choose projects with a high recoup rate. Adding a pool to your yard or a sunroom are pricey projects, and you won’t get as much of that money back as you might think when you sell. Instead of doing these flashier projects, fix up the kitchen and bathrooms, which are the rooms that most buyers tend to focus on the most when looking at homes for sale.
- Hire reputable contractors. The quality of the work that’s done is a crucial factor in determining how much your home will sell for. Buyers won’t want to invest in a home that’s had shoddy remodeling work done.
- Inside your home, begin by removing personal effects such as photos and memorabilia. While these are the items that make your home yours, your goal is to create an environment that a potential buyer can envision as their own.
- Clean everything inside and outside of your home and develop a plan to keep your house attractive during the sales process. To help present the cleanest and brightest home, open the curtains and turn on the lights during open houses and when real estate agents are conducting showings.
- Consider enhancing rooms with a fresh coat of paint and be sure to repair items that need attention. While major remodels may not be necessary, broken items should be repaired.
Outside, consistently maintain a mowed lawn and consider planting seasonal flowers. Also, trim hedges, trees and bushes.