Before putting your home on the market, you want to make all your home renovations count. Dean Graziosi has provided some tips to help you know which ones will help it sell.
Begin by assessing your home both inside and out. There may be changes you will be required to make. For example, plumbing or electrical issues will need to be repaired before the house is actually for sale, and sometimes it is necessary to replace the roof or flooring. There are some, however, that may not be necessary, but will help sell your home. The key is to choose wisely so you won’t be out any more money than needed.
The kitchen is among the most important rooms in the home. Kitchens are where a lot of activity takes place. People tend to spend a lot of time in this room, so make it count. Update any appliances that are no longer working properly or are not energy efficient. Home buyers of today look for energy efficiency, so place this at or near the top of your list. Replace any cabinetry or hardware that is in need of repair. Even the smallest of changes can make a huge difference. If the cabinets themselves don’t need to be replaced, at least consider painting the doors.
Make sure the flooring and countertops are in good shape. Prospective buyers will look at these types of details.
Keep in mind maintenance costs are different from renovations. As an article posted on usnews.com points out, sellers look at things like the replacement of a roof as routine maintenance rather than an actual renovation. Maintenance costs are necessary while renovations may be optional.
Renovate the bathrooms. Replace hardware and flooring is needed. Paint or put on new wallpaper. There’s nothing like a little color to brighten up a room. If your bathrooms are small, go with a color that will make the space feel and appear larger.
Consider finishing the basement. While unfinished basements have a variety of uses, many home buyers of today look for bonus rooms and spaces they can turn into game or media rooms. A finished basement with an additional bedroom and bathroom may also be a selling point because it would work well as in-law quarters.
Consider opening up smaller spaces. Open floor plans are popular these days, so knocking out a wall or two can help sell a home.
As stated above, don’t take on any renovation projects you can’t afford. Take care of the maintenance items first, then move onto the renovations. Tackle the least expensive ones first, then assess how much money you have left over for the others. You can learn more about this and other real estate topics by visiting Dean Graziosi’s website.