Many sellers think that they must make all sorts of repairs and renovations to their homes before even listing. This endeavor can be a daunting one, but sometimes it can give sellers just the edge they need. Before taking on this task, consider all of the angles.
What are the benefits of renovating and what updates should be made?
If you feel like your home won’t be up to the task of competing with newer, more recently updated homes, then renovations can definitely help sell your home faster than it would if you tried to sell it as-is. This is especially true with older homes with out-of-style interiors. One way to bring your home up to scratch is to update counters and flooring in the kitchen and bathrooms, update the cabinetry, and install new appliances. Take a look online to see current trends or visit homes in your area in the same price range to see what kind of updates others have made or to see what renovations are necessary for your home to be competitive in the market. Don’t feel pressured to rip out your entire kitchen or bathroom to renovate, though. Small improvements can be made that will make a big impact. Be mindful to update within your time constraints as well. For example, don’t start multiple projects all at once. Get one project done first before beginning another, in case you decide to go ahead and list after completing one project. Sometimes you’ll find that only having to do one big update is all you need to do to vastly improve your home’s appeal in the competitive market.
What might be the downsides of updating and renovating?
These kinds of renovations can cost a lot of money and time. Depending on the project, you might have to spend a pretty penny and postpone putting your home on the market for a while during the renovations. Remodeling any part of your home can be stressful on top of everything else you are doing to prepare for selling your home and buying and moving into a new home. Sometimes it is best to simply sell your home as-is to get the home off of your hands and put your money towards your new home. Plus, selling your home as-is will give buyers a chance to remodel the home on their own to their tastes. It isn’t necessary for you to go overboard with a ton of different remodeling projects that might not even be right for some of your buyers’ own personal styles. So the best way to get by without renovating is to clean, depersonalize, and simply fix things that are no longer functioning or need repairs.
If you aren’t sure about whether or not to remodel features of your home, discuss it with your agent. They will have sage advice for you during the process of listing and selling your home.