If you’re selling soon, the projects that usually pay off are the ones buyers see first and the basics they expect: a newer garage door, clean landscaping, fresh paint and carpet, and a mid-range kitchen update. The ones that usually don’t are top-of-the-line kitchens, lavish landscaping, and anything you start and don’t finish. Spring is when sales peak and a lot of homeowners get busy painting and working in the yard, so it’s a good time to ask which projects will actually come back to you at closing. Some improvements help you sell, and some just spend your money. Below: what to skip, what to do, and how to pick a contractor.
- Avoid these upgrades:
While upgrading is a great way to build on your home’s existing value, there are plenty of upgrades that aren’t worth your time or trouble. Upgrading your kitchen to top-of-the-line or professional grade, or making lavish landscaping changes aren’t very cost-effective. You also want to avoid partial upgrades at any cost. While finished projects may net you at least something in return, a half-done project might actually hurt your final sales price. When you embark on a project, make sure to see it through to completion. Don’t rip out the cabinets in your kitchen, tear up the tile in your bathroom, or pull up the carpet in the living room unless you plan to finish the job.
- Try these instead:
Adding to your home’s value, however, isn’t impossible. You’ve just got to pick the right projects to pursue. Consider replacing your garage door with something newer and fresher. While you’re at it, manufactured stone veneer is a great touch to the exterior of the home. Improvements that catch the eye and make a good first impression are almost always worth looking into. While you don’t want to go too in-depth, making sure that the landscaping is clean and nice is a great first step. Inside, look for mid-range remodels to the kitchen and touchups like fresh carpeting and paint. Don’t break the bank, but make sure things are up-to-date and functional.
- Now for the contractor:
One of the most critical considerations for any home improvement project is the contractor that you choose to perform the work. The right contractor will help you control costs, suggest high-quality additions that fit your budget, and get the details right the first time. In order to find this gem of a contractor, start by asking around to your friends, family, and even things like a neighborhood Facebook group. Generate a list of the top candidates and interview each of them to find the best fit. Don’t just review their proposals, however. You also want to ask for examples of their finished work and any licenses or certifications that they possess.
These projects tend to pay off because they shape a buyer’s first impression and take away easy objections. As you get the house ready, think about what each project does for how the home looks and what it’s worth. A few well-chosen fixes can make a real difference in your sale price.
Ready to take the next step in maximizing your home’s value? As with anything related to real estate, the answers could change based on your location and comparable sales. I’m here to help. Contact us by phone or email for more personalized suggestions and any questions you might have. Let’s work together to get the best possible price for your home!
