Selling a property often involves making a few upgrades and possible renovations to ensure your home is market-ready. However, it’s essential to recognize the difference between significant projects that consume an extensive amount of time and minor upgrades that create a return on investment with minimal effort.
That’s why we’ve put this list together: Home Upgrades to Invest in and Big Projects to Forget!
But, if you’ve already had enough and just want out from under your house, check out our website >>> We Buy Houses Florida!
Don’t Miss Out! These Upgrades Are Worth Investing In.
A fresh coat of paint can easily brighten up and revive a room. When in doubt, it’s a good idea to stick with neutral colors, adding in dashes of color elsewhere, such as throw pillows or wall art. Luckily, painting is also a relatively low-cost upgrade that can have a significant impact.
A bonus to repainting over the weekend is the opportunity to cover up dings in the wall, nail holes, and general wear and tear.
A Kitchen & Bath Facelift
Kitchens and bathrooms are probably the most function-based rooms in any property, so it’s no surprise that upgrades should focus on those two rooms.
There are tons of smaller upgrades that can make an impact without costing a fortune. 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 instance, you could swap out the front of your dishwasher to match the other appliances. This is a great money-saving trick that improves the overall aesthetics of your kitchen.
The same principles can be applied to your bathroom! Fix any cracked tiles or broken hardware. Vinyl tiles can go on straight on the floor without ripping out the existing flooring. To be safe, do a deep cleaning of the grout and re-grout if needed before covering in vinyl.
Instead of a costly and time-consuming shower renovation, you could install a pre-fab cover. This is a much cheaper alternative.
Small touch-ups to the surrounding landscape are both quick and low-cost. Planting flowers out front or covering dirt with a fast-spreading ground cover will instantly give your home “curb appeal” (an improved exterior look).
If necessary, trim the trees and bushes and keep the lawn mowed. Depending on your climate, you can plant succulents or lay down pretty rocks that will keep the space well maintained but low-maintenance.
You could also throw a fresh coat of paint on the mailbox or hang up a bird feeder. Small touches and a well-groomed yard will draw anyone in.
Big Projects To Forget
Finish The Basement
This can turn into a major project that’s both expensive and time-consuming. The numbers show you won’t get back anywhere close to what you invested.
In most cases, homebuyers might even appreciate being allowed to renovate the space to their requirements. If you restore the space into a quirky games room while they were looking for a sophisticated wine cellar, you’re wasting both your time and theirs.
Take into account the unfinished space and let buyers know that it’s reflected in your pricing.
Add a Patio, Deck or Pool
Again, this can be very pricey, without much return. As we mentioned above, flowers and a low-maintenance lawn are the way to go if you have an open garden or yard. If the new homeowners want to build a deck, they can tailor it specifically to suit their needs.
The same goes for adding a pool – an expensive investment and not what every family wants. If your property suits an older retired couple, adding a pool will cause the new homeowners additional stress as they have to maintain it and invest in keeping it clean.
On top of this, prospective buyers with small children may be concerned about safety after hearing too many horror stories about toddlers falling in pools unsupervised.
Do Major Renovations
Don’t waste your money with a complete overhaul unless it is absolutely necessary due to water or fire damage. Drastically expensive renovations do not make sense, especially when style and decor are subjective. Many homeowners would prefer a slightly discounted price allowing them to upgrade on their terms.
In summary: Don’t over-improve. keep it simple!