Many homeowners considering a move find themselves wondering if there are updates they can make to their home that will contribute to it not only selling for a higher price, but in less time. A valid question for sure; one that deserves some reflection and research.
Here are a few things to keep in mind when weighing your options:
With any project, keep in mind that you must not over invest your time or money.
Unique features should not be added immediately prior selling. This includes hot tubs, wine cellars, movie theatres etc. This sort of remodeling is best done when you initially buy a home in order for you and your family to enjoy. A prospective buyer might not consider them necessary.
Major kitchen and bathroom renovations are also far too expensive and complicated to undertake. Consider smaller upgrades, like changing an old shower door, a new vanity or the cabinets or counter tops in the kitchen.
Adding an extra room or enlarging an existing room is costly. These projects usually entail getting a permit and take months to complete without actually increasing the selling price by enough to recoup the investment. Focus instead on freshening up interior walls, flooring or lighting.
Repairing or replacing a leaking roof is inexpensive and improves the overall appearance of a new home. Prospective homebuyers are especially wary of problems with leaking roofs and will make lower offers.
Your home’s appearance from the street is what makes the first impression to a prospective buyer. Think about renovating the landscaping of the garden, painting the exterior, or adding a deck.
I have construction and rehab knowledge, have counseled clients when making this decision, and aided during their projects. If you are wondering what’s best for you and your home, let’s visit soon.