When you are considering selling your home, it is a good idea to make updates to it before placing it on the market with a realtor. The reason for this is because it will make it more appealing to potential buyers, which increases the chances of it selling, and it will also impact the resale price of your home. So, before you list your home, here are a few updates that have a significant return on investment:
1. Kitchen Renovations
A kitchen remodel is always a big deal and can be a huge way to add value. Families always gather in the kitchen and everyone has to cook. If you can't afford a full renovation, then you can go with smaller projects, such as new appliances, counter tops, flooring, back splashes, and/or hardware. If your kitchen doesn't have an island currently, but there is room to add one, that may be a good route to go – and make sure to add some bar stools.
2. Bathroom Updates
The bathroom may be a small room, but buyers are intrigued by this space. If you have only one bathroom, it may be a good idea to try to add another bathroom, as most buyers prefer to have more than one bathroom in today's day and age. And if you don't have the budget for a full-blown remodel, try simply re-grouting the existing tile – believe it or not, that simple task can do wonders at revitalizing the space.
3. Lighting Upgrades
Most people do not enjoy a dark home. Plus, the brighter a room is, the bigger and more spacious it appears – and this is a good thing when you are trying to sell a home. If you currently having flush-mount lights in the ceiling, consider replacing them with pendant and/or recessed lights. This is not an expensive upgrade, but it will help create a more modern look throughout the home. You should also upgrade your lights to LED, as these lights last longer and are brighter.
4. Painting Updates
Since you are selling the home, it is probably time to update the paint. While you may love the bright, bold colors that you have in your home while you have lived there, potential buyers probably won't. You should paint your home with neutral hues, such as beige or light gray. Don't forget to paint the trim, as the trim seems to take the heaviest beating.
For more ideas on how you can improve your home before selling, consult with your real estate agent.
