Which kinds of renovations should you do before selling your home? Here are a few easy suggestions.
Today, I want to take a minute to talk to you about the renovations you should do before you put your home on the market.
The typical line of thought is that kitchens and bathrooms are the best way to go. However, Remodeling Magazine recently released a report in which they broke down the return after doing an improvement on a home and putting it on the market one year later.
The numbers weren’t pretty; surprisingly, nothing really made a profit. Even with kitchens and bathrooms, the return is in the 90-percentile range. You’re not getting a full return for the money you spent. On some projects, you’re only getting 50% back.
"Before you go and spend a lot of money on remodeling, focus on the things that are easy, quick and can get you a high return."
Before you go and spend a lot of money on remodeling focus on the the things that are easy, quick and can get you a high return. This includes:
- Painting. A fresh coat of paint does wonders for the value of your home.
- Professional cleaning for the interior and exterior of the home.
- Minor repairs. Fixing things like broken switches and outlets and/or replacing ugly ones with newer and brighter ones will boost your home’s value.
You can read the full details of the report here. If you have any questions, please don’t hesitate to reach out to me. I’d be glad to help you with your real estate goals.