When it comes time to sell your home, it can be difficult to decide if you should sell it as-is or if you should make some improvements before listing the property. It is important to realize that not all home improvements will give you a strong return on investment, so making some changes could actually lead to you losing money in the long run instead of profiting.
To help you decide whether you need to take on some projects before letting your property join the local real estate market, here are some tips to get you started.
Unless you have recently painted your home’s interior, this is often an investment worth making. Whether you are part of the New York City, Los Angeles, or Carson Valley Real Estate market, paint can make a huge difference.
Before you begin, you need to choose colors. Often, it is best to stick to a neutral pallet, as this will appeal to more buyers. So, consider something in the areas of white, gray, cream, or beige, as these are generally acceptable to most buyers. Just make sure the colors coordinate with other decorative aspects, like cabinetry, flooring, and countertops.
Also, make sure to paint the walls and the ceilings. Many home buyers look at the ceiling, so choose a nice ceiling white and give it a fresh coat.
Floors are another area that can be inexpensive to manage and provide a big impact. If you have hardwood floors, and they are a bit worse for wear, you might want to consider having them refinished. This can help remove scratches and surface blemishes and can give you the opportunity to stain the floors in a new color. That way you can choose a stain that meets the trends of today, and that can create a big selling point, especially if the current color has fallen out of favor.
Also look at any tiled floors and see if any of the tiles are cracked, chipped, or otherwise damaged. If they are, you can simply replace the damaged tiles if replacements are available. Otherwise, you might want to consider a full replacement. If all of the tiles are in good shape, but the grout isn’t particularly attractive, then grouting the tiles again can make the whole floor look much newer.
If your carpeting is stained or damaged, you might be able to have it replaced for a fairly low price. That way you don’t have to worry about the carpet being a turn off for buyers. Just make sure to choose a neutral color, as it will have a wider appeal.
Knobs, Pulls, and Faucets
A full kitchen remodel is expensive, and you might not get your money back when you sell. However, there are ways to update the look of a kitchen for a fairly low cost. Consider switching out door knobs and drawer pulls with something new that reflects current styles. If your faucet has seen better days, then you might want to replace that too.
Whether other kitchen repairs or updates are wise depends on the current state of your kitchen, as well as what would have to be done. For example, cabinet refacing is much less expensive than replacing them, but it relies on them being in good repair.
When in doubt about any particular repair, feel free to talk to a realtor about your intentions. Often, they can give you an idea of how certain changes would impact the final sale price. Then, you can get estimates on the projects and see if the investment ends up making you money in the end. That way you can commit to the right projects and make sure every dollar gets you at least a dollar back.