Should You Get a Major Improvement Done before Selling?

By: Philip Hollett

Should You Get a Major Improvement Done before Selling?

Tags: Philip Hollett, Realtor, tips to sell your home, process for selling a home, top tips to get the best offer, tips for selling your home, home selling tips, home renovation

 

There’s no doubt about it. The more “move in” ready your property is, the more attractive it will be to buyers. That’s because buyers will be able to imagine living in the home without having to make any major repairs or improvements — at least for the short term.

But, does that mean you need to get every big issue dealt with before you sell? Not necessarily.

Say, for example, your flooring needs replacing soon. Some will say sure, that may influence the interest-level some buyers have in your property, yet, homes sell every day with these kinds of issues.

What it comes down to is cost-versus-benefit. Painting, for example, costs little (compared to other types of improvements), yet can make a big difference in how your home appears. So, the benefit is high compared to the cost.

On the other hand, redoing your kitchen is an expensive undertaking. Although you’re likely to add value to your home as a result of the renovation, you might not get your entire investment back when you sell.

So, consider each improvement your thinking of making based on its cost, how much more you’ll get for your home, and how much more quickly you anticipate your property will sell.

 

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