Did you know four out of five homeowners make an improvement or start at least one remodel project before putting their property on the market?
Once you’ve set their heart on selling, your first quest is to discover what can be done to add value to your property.
The higher the price you can achieve, the more you’ll be able to spend on your next home, or your lifestyle if you’re downsizing. So, this is no small piece of work.
As your local real estate agent, I can advise you on what buyers want from homes in our neighborhood. This will help you focus on making your property more attractive to the market and prevent you from spending money in the wrong places.
Here’s a quick snapshot of popular remodels that are undertaken before a house is put on the market.
- The bathroom – You should replace the bathtub, toilet, and light fittings for a good quality mid-range remodel. Double sinks are popular right now.
- Doors and windows – These are relatively inexpensive to replace and make a positive impression. Buyers recoil when they see rotting windows and damaged doors. They see it as a sign of hidden structural problems. So, for a little cash and not much effort, get those fixed.
- The kitchen – If you’re selling, keep your kitchen remodel modest. Focus on creating a light, bright uncluttered space that is highly functional with affordable appliances.
- Add a room – It’s an ambitious remodelling project to build a room so consider whether decluttering and reorganising your space to create a spare room or home office could work. It’s true that the more floor space you have, the better your chances of getting top dollar. Adding a family room will meet the needs of most buyers if you do decide to remodel.
- Add a story – If you’re selling in the short to medium term, adding a story is an expensive project, and you may do well to breakeven. If you’re looking at this strategy, let’s discuss it. With some homes in particular neighborhoods, it can be a good idea as it does add a lot of space.
- Basement revamp – If this is an unfinished space, you’ll need to lay a good concrete floor and install drywall technology. Popular purposes for a refurbished basement are a home theatre room, games room and additional bedroom or a teenager’s cave.