Whether your goal is to renovate your home this year, transform it into an investment like rent it or sell it, making home improvements can increase your home’s value. St Louis Property Management brings you some tips to improve your home value by yourself:
- Fresh coat of paint
Paint is like magic, whether you are painting the inside or outside your home. A fresh coat of paint can make even dated exteriors and interiors look fresh and new, and it’s not that expensive, either.
Floors are often overlooked, but they are a key selling point. Buyers will be turned off by old, dirty carpets or wooden flooring that is grimy and horribly scratched. Replacing the floors entirely may be too costly and too big of a job for you alone – however, a little bit of elbow grease on the floors can go a long way.
Make sure your existing landscaping is well-maintained. If your yard lacks luster compared to your neighbors, consider planting flowers, shrubs or repainting the front door. Trees can add value to a property, so consider planting a few.
- Minor bathroom remodel
Replacing the hardware on cabinets is a low-cost way to modernize the space, and it does not require much labor or skill. If your vanity is old and looks worn, freshen it up with a coat of paint. Swapping out the faucet can make a difference in the appearance of the space. If you’re handy with basic plumbing, you can do this upgrade yourself.
When you’re trying to decide if you should renovate before selling your home, it’s important to note – not every upgrade will impress the buyers you want. You might spend a lot of time and money deciding on just the right color for the living room, only to have a buyer paint it a different color.
Another important consideration should be your location. Philadelphia houses for sale are not lasting on the market for more than a few days, and homes are selling for thousands above the asking price. Since it’s been in such a seller’s market, it’s really hard to justify doing renovations and getting a return on investment dollar for dollar.
The most important point to keep in mind is not to overlook necessary repairs and the power of deep cleaning. Don’t get wrapped up in renovations when obvious repairs are needed. Cleaning every crevice also makes a strong impact, especially around light switches, doorknobs, and baseboards.
There’s no one-size-fits-all solution for deciding whether or not to renovate your home. Sometimes it makes sense to renovate your home before selling – other times, you may never recoup the total cost or see a difference in how fast the home sells. Have an agent who will be honest with you about what is worth fixing and also fight for you when negotiating a final price.