3 Upgrades To Invest In:
Paint
A fresh coat of paint can easily brighten up and revive a room. Try to stick with neutral colors that can go with anyone’s decor and add in pops of color elsewhere, such as throw pillows or artwork. Painting is a relatively low-cost upgrade that can have a big impact.
Plus a fresh coat of paint will cover any dings in the wall, nail holes, etc.
Kitchen & Bath Facelift
You might have heard that an upgraded kitchen and bathroom are two of the best areas to focus on when upgrading your home. However, you can do some smaller upgrades that will make a big impact without breaking the bank.
New faucets, drawer pulls, and resurfacing your cabinets are affordable ways to revitalize the space. Some appliance manufacturers sell new and alternate colored faceplates.
For example, not many homeowners are aware of this simple trick. But, swapping out the front of your dishwasher to match the other appliances is a great way to save money and tie things in to create a seamless feel.
You can take the same principles to give your bathroom a quick makeover. Vinyl tiles can go on the floor, right over what you currently have.
An alternative option would be to do a deep cleaning of the grout, and re-grout if needed.
You can hire a company to do this for you or you can pick up the supplies you need at your local home goods store.
Fix any cracked tiles or broken hardware.
Instead of a complete shower renovation you can install a pre-gab cover over the existing tile.
Only do this if it won’t affect the value of your home.
Landscaping
Planting inexpensive flowers and adding fresh mulch can go along way.
Also, if needed, have trees and bushes trimmed and keep the lawn mowed nicely. Cut away any tree branches blocking potential buyers from seeing your freshly painted house.
Depending on your climate, you can plant succulents or lay down pretty rocks to keep the space well maintained, but low-maintenance.
Maybe throw a fresh coat of paint on the mailbox or hang up a bird feeder and some hanging plants. Small touches and a well-groomed yard will draw anyone in.
3 To Forget About:
Don’t: Finish The Basement
This can turn into a major project that can be both expensive and time-consuming. The numbers show you won’t end up getting back anywhere close to what you put into it.
Overall, most homebuyers will want to fix up the space to their taste anyhow. Maybe they want an open game room, or to add a couple of extra bedrooms.
When pricing the home, account for the unfinished space and let buyers know that is reflected in your pricing.
Remember, when choosing what upgrades to invest in keep it simple, cost effective and neutral.
Don’t: Add a Patio, Deck or Pool
Again, this can be very pricey, without much return. If you have an open area, use plants or pavers to tidy up and beautify the space. If the new homeowners want to build a deck, they can do so, but with their tastes and specifications in mind.
Adding a pool can cost a fortune, without providing a huge increase in what you will be able to ask for the home. In addition, a pool may actually deter buyers.
Prospective buyers with small children may worry about safety and many people may not want to worry about the hassle and upkeep of maintaining their own pool.
If your home doesn’t already have a pool, don’t go through the headache of installing one
Don’t: Do A Major Renovation to The Kitchen or Bathrooms
Don’t waste your money with a complete overhaul unless it is absolutely necessary due to water or fire damage.
The cost does not make sense, especially when homebuyers will have their own tastes.
Many homeowners would prefer a credit to the home price allowing them to upgrade on their terms.
Conclusion
This article goes over 3 upgrades to invest in and 3 that you shouldn’t worry about doing.
The main thing to remember when selling your home is not to get attached to upgrading your home to your liking or standards.
Keep the costs low and only upgrade the items that will give you a good return on your investment.