Should You Renovate Your Home Before Putting It on the Market?
If you’re preparing to sell your home, you may not want to spend time or money making repairs and various updates or even to renovate your home before putting it on the market. In fact, many people would rather offer their home for sale as-is and focus more on fixing up their new residence instead of renovating their current home before putting it on the market.
But going that route could end up costing you.
There are actually several home renovations that can make your home stand out to potential buyers – and this, in turn, may not only get you a higher offer price, but can also lead to a faster closing (which could save you on “carrying costs,” such as the mortgage, utilities, and insurance expenses).
So, which upgrades tend to matter the most to potential purchasers?
According to many real estate professionals, the kitchen and bathroom(s) are the most high-profile areas. And, while a complete overhaul of these rooms can be somewhat pricey, you don’t necessarily have to spend a lot.
For instance, even just a fresh coat of paint, new faucets and cabinet handles, and a thorough cleaning of the floors, back-splashes, and tile can make a world of difference. Countertops are also highly visible.
So, depending on your budget – and the anticipated return – replacing these is also recommended. In this case, it is important to keep the color scheme neutral so that potential buyers can more easily “customize” the other areas of the room(s) to fit their specific taste.
In order to map out a plan for any upgrades, it is recommended that you first discuss your objectives with a home design and renovation specialist. That way, you can determine the scope and the price of the project.
If you own a home in the Orlando or surrounding Central Florida area, give LP Design & Renovation a call. We’ll be happy to provide you with suggestions for meeting your goals – and for meeting your budget. We can be reached at (407) 901-6215. Or, you can visit our website by going to https://lpinspiredrenovations.com. We look forward to hearing from you.