Are you thinking of selling your home in the near future, but think you need to do a ton of upgrades in order to fetch top dollar? While some upgrades are helpful, others may not get the return you think it will. Consider these upgrades to get the most out of selling your home.
If your home doesn't have the first impression good looks, many buyers will overlook it before they get through the front door. Do some landscaping and add some welcoming touches such as potted plants to the front walkway, or a simple wreath on the front door. Make sure sidewalks are even, add some flowers, and trim the trees and hedges. Be sure that the grass stays mowed. Even consider a fresh coat of paint on the exterior walls or front door.
You don't need brand new appliances in the kitchen to get buyers in the door. Just like with the outside, looks make more of a difference than function. Make sure appliances are clean and clear of clutter. The same with cabinets. Update hardware, paint if they are painted, or give them a good scrub. If you don't have a backsplash, consider adding a simple subway tile look for a clean line.
Paint the inside
While your kids may have liked their pink walls, who's to say the next family is looking for that. Give the inside of your home a fresh coat of neutral colored paint. You want the buyer to feel as if they can make their home their own without much initial work.
The flooring may or may not need to be replaced in your home. If you have carpet, consider upgrading to a tile or vinyl to give the home a uniform and clean appearance. Too often carpet looks dingy and needs to be vacuumed more when trying to sell your home.
Smart Home Features
Younger buyers are looking to have smart home features. If you don't have a connected thermostat and doorbell, these are minor expenses that can add up to 5% to the value of your home. Consider a home security system that can be managed via a smartphone as well.
If you do just some of these upgrades, especially the cosmetic ones, your home could sell anywhere from 2-10% more than the market value of the home. Consider doing these anywhere up to a year before you list.