When you get ready to list your home for sale, some home improvement projects are more obviously needed while others may not necessarily be. You may think one project may be best to do before listing your home, but not all improvements will be worth the money from an ROI standpoint. Here are 5 tips as you prepare your home.
Refresh, don’t replace
If your cabinets are worn it doesn’t mean you need to necessarily replace them. Sometimes just painting cabinets can make them look great at a fraction of the price. Updating the hardware to more modern day pulls and knobs can also be a great trick. Other ideas include painting the walls and doing a deep clean of grout work.
Focus on the important rooms
Kitchens and bathrooms are always the most important rooms so make sure yours are looking great and meeting current demands. As covered earlier, painting cabinets can be a great option, but upgrading your counters or adding a backsplash are other ways you can really improve the look for less money than a complete gut job.
The front of your home
The house inside should be in great looking shape, but the grounds should be too. Make sure the paint is in great condition on the front facade and entry door and then be sure the landscaping is both tidy and inviting. Add some mulch to the beds, trim trees and bushes as well as have pots of flowers as good ideas for things you can do on a smaller budget.
The right materials
Most everyone wants a low maintenance home today and especially millennials who are among the largest segment of buyers. As many still have student debt to pay they don’t wish to be spending extra money on repairs or renovations. As move-in ready as possible will make it most desirable to these buyers.
In a recent study by NAR more than half of buyers were willing to pay more for hardwood floors as they are more durable and sanitary. Energy efficient appliances also were high up on the wish list as well. It is one thing to have newer appliances, but it’s an added value if they are costing you less on a monthly basis.
Fix it, but only if it makes sense
Anything that is a smaller repair like a leaking faucet, broken hinges on doors and the like should be repaired, but you will need to give big ticket items more consideration. For example, a new HVAC system may cost you $5,000 and if you can easily afford that it may be an asset to have for getting a higher sale price. Something like a new roof may cost significantly more and be out of your comfort zone so that might be best to price the home accordingly for.
If you are not sure which home improvement projects are worth doing on your home, feel free to contact me today. I would be happy to help!