If you’re thinking about selling, you may be asking yourself whether it’s worth it to spend time, energy, and money on renovations throughout the home in order to increase your asking price.
While there are absolutely some specific areas of the home that can benefit from updating and tweaking (especially if you own an older home), it’s important not to go overboard with renovations because you may not always see a significant return on your investment.
Before you begin planning, ask yourself if what you’re thinking of changing is seriously out of date. If you live in a newer home, chances are your kitchen won’t need to be gutted and your bathroom won’t need a complete overhaul. Also, it’s a good idea to look at similar homes in your neighbourhood to get an idea as to what features will help sell your property.
When it comes to planning renovations for your home in general, not just before you’re getting ready to sell, it’s important not to overdo it. Don’t over-customize your home to the point that it no longer appeals to the average buyer. This applies to kitchens and bathrooms, as well as landscaping. Unless it’s a major eyesore, it’s best to stick to smaller cosmetic upgrades. For the kitchen and bathrooms, upgrades and changes such as new faucets, hardware, light fixtures and backsplash go a long way in terms of return on investment. When it comes to landscaping, stick to a few flower beds and keep the lawn neatly mowed and weed-free.
If you’re going to focus on the fundamentals, the not-so-glamourous items like the roof, windows, or furnace, make sure they’re in good shape before you put your home on the market as it will maintain value. If it needs replacing or major repair, make it happen, but don’t expect to add the cost to the selling price of your home.
Finally, let’s talk flooring. Most buyers will steer clear of wall-to-wall carpeting, especially if it’s old. If your floors are in rough shape and need to be changed, tile, hardwood, or even good quality laminate is preferred on main floors. On second stories, new carpeting may be a good option in bedrooms.
Overall, it’s important to keep the average buyer in mind when planning renos and upgrades. If something is in serious need of repair or renovation, be smart about how you choose to change it. Keep in mind, whether you’re on a budget or not, small tweaks like new neutral paint colours, cleaning, upgraded hardware and fixtures are a safe bet and will offer the most bang for your buck.
Before doing any renovations, be sure to give Jacob a call! He’s always happy to help guide you through the pre-list process.
If you have any questions about this topic, are thinking about selling, or just want to chat real estate, don’t hesitate to reach out! Email [email protected].
While there are absolutely some specific areas of the home that can benefit from updating and tweaking (especially if you own an older home), it’s important not to go overboard with renovations because you may not always see a significant return on your investment.
Before you begin planning, ask yourself if what you’re thinking of changing is seriously out of date. If you live in a newer home, chances are your kitchen won’t need to be gutted and your bathroom won’t need a complete overhaul. Also, it’s a good idea to look at similar homes in your neighbourhood to get an idea as to what features will help sell your property.
When it comes to planning renovations for your home in general, not just before you’re getting ready to sell, it’s important not to overdo it. Don’t over-customize your home to the point that it no longer appeals to the average buyer. This applies to kitchens and bathrooms, as well as landscaping. Unless it’s a major eyesore, it’s best to stick to smaller cosmetic upgrades. For the kitchen and bathrooms, upgrades and changes such as new faucets, hardware, light fixtures and backsplash go a long way in terms of return on investment. When it comes to landscaping, stick to a few flower beds and keep the lawn neatly mowed and weed-free.
If you’re going to focus on the fundamentals, the not-so-glamourous items like the roof, windows, or furnace, make sure they’re in good shape before you put your home on the market as it will maintain value. If it needs replacing or major repair, make it happen, but don’t expect to add the cost to the selling price of your home.
Finally, let’s talk flooring. Most buyers will steer clear of wall-to-wall carpeting, especially if it’s old. If your floors are in rough shape and need to be changed, tile, hardwood, or even good quality laminate is preferred on main floors. On second stories, new carpeting may be a good option in bedrooms.
Overall, it’s important to keep the average buyer in mind when planning renos and upgrades. If something is in serious need of repair or renovation, be smart about how you choose to change it. Keep in mind, whether you’re on a budget or not, small tweaks like new neutral paint colours, cleaning, upgraded hardware and fixtures are a safe bet and will offer the most bang for your buck.
Before doing any renovations, be sure to give Jacob a call! He’s always happy to help guide you through the pre-list process.
If you have any questions about this topic, are thinking about selling, or just want to chat real estate, don’t hesitate to reach out! Email [email protected].
