Renovation Tips When Selling Your Home

Thinking of selling and wanting to know what the best renovations to consider before putting your house on the market? We investigate the top renovations that will not only add value but will also increase your sale-appeal.

With many dreaming of new homes, selling can become a top priority. However, before you call in the estate agents it’s important to understand that showcasing your best asset is important. From basic repairs and a new coat of paint to updating the kitchen or adding an extra room to increase the value of your home. There are certainly many things homeowners can consider before they decide to sell.

Buy-as-is can be an option, but if you want the very best price for your home, investing in a renovation before you sell can substantially increase your home’s value.

Before you start it’s a good plan to outline your exact budget and what you can afford to do. Sit down and determine exactly what desperately needs to be fixed and updated before the sale. Having a clear budget and doing your homework, alongside a professional, can help you stick to your budget and make the most out of the money you spend, before your investment return.

Things To Consider Before Renovating

Before selling, Darren Robertson of Northern Virginia Home Pro Condos says that it’s a good idea to consider what types of buyers you are trying to attract. “If you live close to good schools and live in a family orientated area you want to appeal to this market. This could include adding more rooms, another toilet, updating the bathrooms and kitchen, or good spruce up to the yard to make it more family-friendly”, he says.

He continues, “However, if your area is predominantly younger couples or singles and apartment dwellers, a good revamp of the kitchen and bathroom could be on the agenda. It’s important to work out your costs though and ensure your ROI is worth it.”

 

Adding additional rooms is by far the cheapest way to increase your property's value, particularly if you live in a family-friendly zone. Turning a three-bedroom home into a four-bedroom home will have massive appeal. As bedrooms do not have plumbing and other costs it can add value without the costly outlay.

Understanding your buyer is important. They will look at the feel of the space, while also ensuring it fits with their needs. 

Kitchens & Bathrooms

Updating your kitchen or bathroom may come at a cost, however, it can be the make-or-break of the sale. A complete update is not always warranted. Updating appliances or even putting in new cupboards and benchtops, can freshen up the zone, while also increasing the atheistic quality and buyer appeal. 

Update the fixtures and fittings. You’d be surprised how much the area can be lifted with a fresh coat of paint and new tapware. When you are selling it’s a good idea to stick to more traditional styles that can stand the test of time. Again, if your style is ultra-chic, understanding that this may not appeal to your possible buyers is important. Stick with sleek yet timeless designs that complement the entire home. This will help your home appeal to everyone’s tastes. 

Other top tips include:

• Update the garage. This can include the doors and adding extra storage. Garages can be transformed into games rooms and even extra living areas. Don’t let your garage be the downside of the appeal of your home, but rather an extension of the home that can be used for more than just storing tools and the car. 

• Consider your curb appeal. Tidying lawns and cutting back trees. Perhaps painting fences and the exterior of the home. Remembering that street appeal is what will bring the buyers in. Removing rubbish and any garden clutter. Investing in some splashes of colour with interesting plants and flowers.

• Painting the exterior and cleaning up around the outside of your home. Landscaping and good gardens are also essential. 

• Declutter! This is incredibly important and will make your home seem bigger and brighter. Remove any unused items and furniture that box in your space and stop the flow. Consider storing these items in a storage facility or perhaps ask family or friends to store these for you. 

• Flooring. Updating your flooring can certainly add appeal. New carpets and vinyl can lift the space and also add a huge amount of visual charm for possible buyers.

• Going Neutral. When it comes to colour it’s best to stick with a neutral. Going big and bold may turn away possible buyers. It’s all about the first impression.

Final thoughts

With a little consideration you can quickly transform your home into a top seller - attracting the very best price for your investment that will see you into the future with your new home.