For sellers that want to list their homes trying to decide what home improvements they should invest in to make their homes more attractive to buyers without spending a fortune can be tricky. They want to make good investments that won’t end up costing them too much. Research shows that the most cost-effective home upgrades that sellers can do to get more attention to their homes and sell their homes faster are:
Replacing The Flooring
Flooring is something that potential buyers notice right away. If a home has outdated tile, mismatched vinyl, or other problematic flooring buyers will not be as interested in the home. Replacing the flooring is a big job and it’s not something buyers are going to want to do when they move into a home. Replacing the flooring with new and clean carpet or laminate won’t be very expensive but will make a huge difference to buyers.
Upgrading The Kitchen
Upgrading the kitchen doesn’t have to mean making huge renovations. Updating the appliances, painting the cabinets, replacing the countertops, and adding an island can make a huge difference in the look and function of the kitchen and that can be enough to get the interest of potential buyers. Replacing light fixtures is also a good idea.
Renovating Or Adding Bathrooms
Nothing is a bigger turnoff for buyers than outdated bathrooms. Upgrading the fixtures in the bathroom by replacing the sink, adding a dual vanity and plenty of storage, and other small upgrades will attract buyers. Sellers who have some money to spend can recoup the cost of adding bathrooms because modern buyers want their homes to have a bathroom for each bedroom and are willing to pay for homes that have that convenience.
Upgrading Electrical, Plumbing, And Other Essential Systems
Even though buyers can’t see the upgraded electric, plumbing, HVAC, and other essential systems if a seller can provide a report showing that those essential systems have been updated that will increase the interest in older homes quite a bit. Buyers tend to pass on older homes because it’s more likely that an older home is going to need a major renovation sooner than a newer home. Sellers who invest in essential upgrades can provide buyers with the peace of mind of knowing that the home won’t need any major electrical, plumbing or other work done anytime soon and that will definitely increase the interest of buyers in the home.
Sometimes you might have to help sellers see the value of putting a little work into the house before they put it on the market. Be sure to point out that they will get a big return on that investment in the selling price of the home and in how quickly the home sells with the upgrades that they put into the home.
Posted by Gurpreet Ghatehora on