If you’re selling your home, you’re undoubtedly wondering what you can do to make it more attractive to potential buyers. When you’re working with a limited budget, it’s important to put money into the projects that pay off in the sale of your home and not into upgrades that may be more important to you than your buyer.
For example, it might seem like an obvious choice to upgrade old Formica countertops in your kitchen; but does your roof need work? Could you use a new hot water heater? If the “bones” of your house aren’t strong and reliable, your kitchen counter is the last thing on a buyer’s mind. Studies show that basic upgrades like these pay much more than aesthetic renovations.
In fact, according to Remodeling Magazine, siding replacements on a home recouped more than 92% of the costs. Window replacements and roof repairs were also high on the list.
But if and when the basic systems in your home are already ready for sale, countertops aren’t a bad bet. Actually, kitchen and bathroom remodels are two projects that top the list of selling points your buyers will focus on. That said, be sure to scale the renovation to the value of the home. For example, an $80,000 kitchen renovation may not make sense in a $180,000 home if your main focus is getting the biggest return on the investment. And if your home only has one bathroom, spend the money installing a second – not renovating the first.
If you’re looking to make smart decisions about where to invest in your home before it hits the market, enlist the help and expertise of an experience real estate agent. Get in contact with the right Krueger Real Estate agent for your home selling needs here.