If you’ve lived in your home for 10 years or more, it’s likely outdated with today’s buyers. The truth is, though, you don’t need a massive remodel or renovation to sell your home for top dollar. Actually, smaller updates and repairs tend to have a higher return on your dollar than the bigger ones.
I’ve put together a list of the most effective upgrades you can make to maximize your money when the time comes to sell. These upgrades give you the best chance to get a positive return on the money you put in.
I’ve grouped them into two segments – the smaller, quicker fixes that can be done for under $500, and the larger, more substantial ones that can be done, but will cost you a little more than $500.
Remember – these are the kinds of things that will earn you your money back and more when it comes time to sell:
$500 or less:
- Bring out a real estate professional (FREE): We’ll tell you exactly where to spend your time and effort to maximize your return.
- Deep clean/carpet clean ($200): Professionals will make the house shine, and show buyers that maintenance is important to you.
- Fixtures, knobs, pulls, switches, outlet covers ($300): You can modernize your house and make the fixtures uniform throughout; a detail that buyers will notice, and love.
- Gardening ($200): Well worth the professional service. Your curb appeal makes the first impression!
- Paint ($500): Offers the best return on investment, hands down. Go with soft, neutral colorize to appeal to the most buyers possible.
$500 and above:
- Get rid of popcorn/textured ceilings ($1,500): Instantly brings your home out of the 1980s.
- Bathroom upgrade ($2,000): Bathrooms are small, but they sell homes. Since they are small, you can paint, replace your vanity, get new faucets and figures, and sometimes even replace the tile for under $2,000. Other options include reglazing the tub, replacing the mirror, or adding a towel warmer.
- Kitchen upgrade ($3,000): Kitchens also sell homes, and you can upgrade without going overboard. Choose one or two key features to update, like a new stainless steel fridge, refinishing wood floors, replacing tile, or refacing cabinets.
All these upgrades are easy value adds, but the value of each one depends on your unique situation and what buyers are looking for in your area.
To truly get the best idea of where to spend the smart money that will net you even more money when you sell, bring out a real estate professional for an expert plan. I’d love to share my expertise in the market with you and help you find the best places to make inexpensive repairs. Give me a call, send a text or send an email – let’s talk soon!