If you’re planning to sell your house, you need not lose sleep over costly renovations. Instead, look for ideas online, flip through home magazines for inspiration and explore DIY projects to give your home a makeover on a budget. Aside from saving money, this would give you a sense of accomplishment when your home is transformed and ready to fetch you a great price.
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This way, you’ll end up noticing a lot more problems that need fixing. Homeowners are emotionally attached to their homes, which can sometimes make it difficult to spot issues that could put off an interested buyer. So take an unbiased tour of your house and make a list of all that you need to fix or change to improve the value of your home.
Unless you had a paint job done only recently, giving your home a fresh coat of paint in neutral colors can tremendously increase its value. The fence, the exteriors, the rooms, the basement and the attic—enliven the entire space with a nice and fresh paint in soothing colors.
The front yard, the patio and the facade of your home is the first thing a home buyer would notice. And first impressions will go a long way in getting you your asking price. Moreover, sprucing up the outdoors is relatively cheaper—and simpler. For instance, add some greens and garage-sale artifacts for an instant yet affordable upgrade to your outdoor space.
Remember to buy plants that don’t need a lot of water or maintenance.
If you must spend on expensive additions, consider which amenity would appeal more to a potential buyer. For instance, consider if you should you redo the flooring, get a new bathtub or install a water-filtration system.
If confused, seek advice from a real estate professional on what a home buyer may consider a valuable addition and what they may see as needless luxury. Of course, this depends from buyer to buyer, but your real estate agent will be able to give you a general idea of what works most of the time.
Focus on making your home sale-ready without burning a hole in your pocket. Plant a tree in your front yard, place a mirror across a large window, change the wallpaper in the bathroom, install mood lighting at strategic locations, enliven the front door with home-made craft—there are plenty of affordable ways to make your home look inviting and interesting.
Experts at the leading home buying company Sell My House to Smith say that homeowners should avoid spending thousands of dollars on renovating a house they’re planning to sell. Instead, they should carry out only essential repairs, or connect with a seasoned house flipper to sell the house as-is.
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