If you’re preparing to sell your home, you may consider completing a few renovation projects before you finally put your house on the market, helping sell your home for top dollar. However, contrary to popular belief, not all homes must undergo a renovation project to receive a great offer. Some houses only require a few touch-ups and staging tactics before the space is completely transformed and ready to be listed.
Now, if you’re a homeowner planning to sell, you may question whether you should renovate your space. Luckily, there are a few questions that you can ask yourself to be able to tell. So, before you jump into a project and spend money on unnecessary upgrades, consider the following:
Focus on Fixing What is Broken
Is there anything in your home that is broken or cracked and could potentially deter potential home buyers? If so, it’s necessary to ensure that these items are addressed and fixed immediately. These items could include cracked floorboards, broken backsplashes, or chipped tiles. Though these issues are small, they are noticeable.
While this isn’t a complete renovation project or upgrade, spending your renovation budget this way will surely pay off in the long run, securing an excellent offer for your home.
Upgrade Your Kitchen and Bathroom
Does your kitchen or bathroom look like it’s from the ’80s or ’90s? Unfortunately, this may be a huge deterrent for potential home buyers. Not only are outdated spaces unsightly, but they also imply that the plumbing, appliances, and features are outdated and could potentially need renovations soon or lead to damage. Something that a new homeowner will usually not want to take on.
If your bathroom or kitchen space looks outdated or hasn’t been upgraded in quite some time, it’s worth considering a renovation. This will help you secure more home offers and prevent potential buyers from being turned away.
Replace Your Windows or Doors
Is your garage door cracked or unpleasant to passers-by? Are your windows or doors letting in a draft? Many potential buyers want to avoid buying a home if it requires additional upgrades and repairs.
If you notice your windows and doors may need some work, it’s best to spend the money and address any repairs or upgrades before listing your home.
Your home’s curb appeal significantly impacts potential buyers, as it provides a strong first impression before anyone steps foot inside. Before listing your home, it’s best to look at your front and back yard, assessing your curb appeal.
Ask yourself if the exterior could benefit from planting fresh flowers, working on your lawn, or adding key features such as a deck or a new fence. If you believe these tasks will improve your home, then you must allocate your budget wisely to your home exterior. Though many of our clients always wish to focus their renovations inside, it’s crucial to remember that curb appeal also makes a massive difference.
We recommend investing in renovations that will likely give you a return on your investment. After all, the primary purpose of a renovation is to reap a great return on your investment. If you’ve reviewed the list and noticed that your home is exempt from any of these categories, then a home renovation is not required.
Instead, if you have the resources and would like to elevate the look and feel of your home, try adding a fresh coat of paint to the walls, hiring a team to do a deep clean, or investing in staging tactics. Allocating the budget to these items will help showcase your home in a beautiful light to potential buyers.
Of course, if you have any questions or concerns, we’re always here to help. Please be sure to download our Free Seller’s Guide or contact us today.