Should You Update Your House Before You Sell

 

 

 

 

When you’re ready to sell your house, you may wonder if you should make any updates or repairs before putting it on the market.

While there’s no definitive answer, there are a few things to consider that may help you make your decision.

3 Advantages of Upgrading Your Home Before Selling

Renovating your home before listing it for sale can increase the value of your property. This is because prospective buyers see a well-maintained home as one that is ready to move into.

If you decide to renovate your home, make sure to do it properly. You don’t want to spend too much money on renovations that won’t pay off. Here are some key advantages of upgrading your home before selling it.

1. Increase Property Value

Upgrading your home before selling it increases the chances of getting a better price for your home. When you renovate your home, you improve the overall quality of the space.

As a result, potential buyers will find it easier to imagine themselves living there. This makes your home more attractive to them. In addition, you can use the extra cash to invest in something else.

2. Sell Faster

If you upgrade your home, you’ll likely attract more interest from buyers. This means that you’ll be able to sell your home sooner. With fewer people interested in buying your home, you‘ll be able to negotiate a lower price.

3. Get More Money

When you renovate your home before selling, you’re improving the quality of the space. This means that you can charge more for it.

If you’ve been renting out rooms in your home, you might be able to raise the rent once you start charging more for the renovated spaces.

3 Easy Home Improvements That Won't Bust the Budget

Fixing up your home before it goes on the market can save you hundreds or thousands of dollars. But small fixes can add up quickly, especially if you are trying to sell your house fast.

So what do you do?

You could spend hours doing extensive renovations, but there are some easy and inexpensive things you can do to make your home look better.

Here are three simple ways to improve your home without breaking the bank.

1. Repaint Your Kitchen Cabinets

If you want to freshen up your kitchen, painting your cabinets might be one of the easiest and least expensive improvements you can make.

If you don’t like the color of your cabinets, just paint over them. You may want to call in a professional to tackle this, but it is still less costly than new cabinets.

2. Replace Old Lighting Fixtures

You probably know how important lighting is to making a room feel comfortable and inviting.

Some light fixtures are reasonably priced and often are more efficient if they use LEDs. Again, this is one improvement that can give you a good ROI.

3. Floor Tile Upgrades

Floor tiles are another way to update your floor without spending a lot of money.

There are many different types of tile available, including ceramic, porcelain, stone, vinyl, linoleum and bamboo.

Some people choose to install hardwood floors, but those can be very costly. Tile is relatively affordable and looks great too.

Major Home Upgrades To Consider

Renovating your home doesn’t just mean painting walls white or adding a deck.

While some improvements might seem like no-brainers, there are plenty of others that could actually hurt your bottom line if not done properly.

Here are three major home upgrades you should consider to add more profit or appeal to the buyer.

1. Adding A Deck

Adding a deck to your home isn’t something most people think about doing unless they want to add space to their backyard. But while decks are great additions to homes, they might necessarily be worth the investment.

If you’re thinking about adding a deck, consider whether you really need one. Do you spend enough time outside to justify spending extra money on a deck? Or maybe you’d rather invest in outdoor furniture instead.

Buyers do like the added space that decks do give, so consider this for that reason.

2. Remodeling Your Bathroom

While remodeling your bathroom is often seen as a luxury upgrade, it’s important to remember that bathrooms are one the biggest expenses that can help increase the value of your house.

Even though you might love the look of your current bathroom, it could be costing you thousands of dollars in lost sales.

According to the National Association of Realtors, buyers are willing to pay more for a home with a bathroom renovation.

So if you plan on listing your home soon, now is the perfect time to update your bathroom.

3. Kitchen Renovations

A minor kitchen renovation can save homeowners hundreds of dollars over a major one. A minor renovation is less costly than a major one.

An updated kitchen makes buyers eager to see inside even if a fresh coat of paint. Replace old kitchen cabinets with brand new ones. Don’t buy too many expensive appliances & swap out countertops to get the most bang for your buck.

Check With Your Real Estate Agent Before You Renovate

Renovating your home isn't something you want to do without doing some research. If you're considering renovating your bathroom, it might be worth looking into what renovations are most likely to increase the value of your property.

Before you sell your house, there are several things you'll want to think about. One thing you'll want to look into is whether or not you should update your kitchen or bathroom.

While many people don't realize it, bathrooms and kitchens are among the biggest investments you make in your home. They typically cost around $10,000-$50,000 to remodel, depending on how much work needs to be done.

If you decide to go ahead with the renovation, you'll want to hire an experienced contractor to help you out. This way, you won't end up spending too much money and having to redo everything later.

When you're ready to sell, you'll want to make sure you've got a good real estate agent on board.

If you are looking for an experienced realtor out in the greater Chicago, Illinois area, give Tony Ciancanelli a call.