Avoid Over-Renovating When Selling Your Home

When preparing your home for sale, you want to make it look as good as possible. The more attractive it looks to buyers, the more likely you are to get offers.

However, you don’t want to make the mistake of over-doing pre-sale renovations. For example, completely gutting a reasonable kitchen to install one worth of a magazine cover would be going too far. While the new kitchen would be a stunning feature, you likely would get only part of your investment back when the home sells.

It’s better to focus on repairs and minor “facelifts” that can make big changes to how your home appears. For example, a new coat of paint can make just about any room look great. Replacing old carpeting is another relatively minor renovation that can make a difference.

Of course, sometimes doing a major renovation or upgrade is a good idea before selling a home. For example, if your backyard deck is dilapidated, it might make sense to have it refurbished or replaced.

As you can see, it’s not always easy to know what to renovate or upgrade. We can advise you on the renovations and repairs that are important, those that will provide the best returns with regards to time spent, and finances invested. Keep in mind that the returns may be financial, or may be increased interest in the property, as there may be fewer issues with the property that customers view as impediments to ownership.