The Top 3 Things to Renovate to Increase Your Home Selling Potential
Thinking of moving home? There might be a few things to fix in your existing property before you put it up on the real-estate market. Ultimately, while you might want to focus on funneling all of your money into your new house, there’s still benefits to focusing on the old one. Simply repairing a couple of the issues with the home you live in now could be a great way to improve your sales potential and get the attention of a greater number of buyers.
The question is, what kind of changes do you need to make when you’re desperate for a quick sale? Do you really need to replace the entire bathroom, or would sprucing up the floors and walls do the trick? Here are a few of the renovation tasks you should consider before you move home.
1. The Floors and Walls
Renovation doesn’t have to be a mammoth task to make a difference. Sometimes, something as simple as replacing the carpet, installing new laminate, or adding a fresh lick of paint to the walls can be enough. Before you start seeking out your new home, it might be worth putting a little bit of elbow grease into your current property.
Take the price of painting and decorating out of your moving budget and ask yourself if you’ll still have enough cash to manage. If you can afford it, fresh walls and floors can be a quick and effective way to bring new life to an old property. Just remember that paint colors matter. Keep it neutral to get the best results.
2. Siding and Roof Repairs
Replacing a roof can be a serious expense, and something that you don’t want to think about when you’re dealing with the cost of a new home. However, you’ll probably have a hard time selling a property if all of your buyers are worried about the roof collapsing on them during the same day they’re moving in.
If your roof is far past its best days, then you might have to live with the fact that you’ll need a replacement to start attracting buyers. The good news is that roof and siding investments do have a pretty good return on investment – anywhere up to 80%. That means that you should be able to recoup a significant amount of the money you spend.
3. The Kitchen
Finally, if you’re having trouble attracting buyers to your home, there’s nothing quite like a kitchen to draw in the crowds. A stunning modern kitchen with a new set of cabinets and a range of built-in appliances can be the thing that causes people to fall in love with your home. Just make sure that you don’t push yourself to invest in more than you can reasonably afford. Sometimes, simply refacing old cabinets and installing some sleek lighting fixtures can be enough.
New lighting fixtures are a pretty easy way to add value to your home, starting with the kitchen first. While the upfront cost might be hard to stomach at first, you should find that your new kitchen makes it much easier to grab the attention of any potential home buyer.