Selling your home is no easy and simple task. It’s stressful, to say the least. You have to declutter, clean, and determine what, if any, remodeling should be tackled to get your home in tip-top shape. But how do you know which remodeling projects to make to get the most bang for your buck and sell quickly?
- One of the simplest and cheapest upgrades to do is paint. From getting rid of dingy walls to covering up Junior’s lime green room – painting your home in neutral colors will freshen up the home and allow the new buyer to envision their own style. Potential buyers need to be able to see their belongings in the space and on the walls. Beige or White is a winner when choosing colors.
- Cover up the eyesores. You may have become accustomed to looking at the beat up old baseboard heaters or the closet door with a hole in it, but new buyers may look at those and cringe. Fix or replace the eyesores were possible. Try to look at the home from an outer perspective to see what they may see when they walk in the door.
- Kitchens and Bathrooms sell homes. It’s true, but doing a full kitchen and bath remodel is one of the most expensive and time-consuming upgrades you typically do to your home. Instead of doing a full renovation, consider painting cabinets, upgrading fixtures, and making the space as bright and spacious as possible. Make the space as user-friendly and clean as possible. If the new owner is afraid to step foot into your bathroom, it may be a red flag!
- Clean up your basement. While the average ROI on finishing your basement is about 78%, most appraisers won’t look at this as added value to the home. Typically, only square footage above grade will be allowed when calculating the homes total square footage. Instead, clean up the space where possible to show buyers the potential for creating their dream playroom, man cave, or family room.
- Keep it simple. When getting ready to put your house on the market, it’s important to keep your projects simple. You might be tempted to remodel your kitchen with the latest technology and appliances, but if it isn’t the same taste as your buyer, you’ve spent all that money for nothing. Now, if your cabinets are hanging on by the skin of their hinges, but all means, replace the cabinets.
Overall, most buyers want to buy a home that has no visible deferred maintenance (think roof ready to fall in), newer appliances, updated plumbing, electrical and heating, modern conveniences, nd is ready to occupy.
It’s always best to speak to an experienced real estate agent in your area to get the best advice on which updates will get you top dollar for your home and sell your home quickly.
Vice President, Senior Mortgage Lender
NMLS MLO ID: 532621