These are the three home updates I suggest to get an ROI when you sell.
I often receive calls from people considering selling, and they want to know what they should do to prepare their homes for sale. First, every situation is different, so if you’re thinking about selling, I encourage you to have a conversation with your trusted real estate advisor before you do anything to ensure the improvements you’re considering will pay off when you sell. Once you’ve done that, move on to my top three recommendations for home upgrades that almost always make a difference:
1. Fix anything broken. If you know something’s broken or needs to be addressed, take care of your property. Maintenance is first and foremost. If you’re unsure whether to do some of these things, my answer is yes!
2. Paint job. Sometimes all you need is a fresh coat of paint. Unless you’re very particular, I suggest hiring a professional painter to freshen up your house with current colors.
3. Curb appeal. Do what you can to enhance the curb appeal of your home. Whether that means adding or subtracting landscaping, sprucing up the front door, washing the windows, etc. All these things make a house shine from the outside.
There is one notable thing you don’t want to do because you may not get your money back when you sell, and that’s building an addition. Adding square footage or any substantial renovation project will very rarely give you a full return on investment. However, if you’re thinking about selling in a couple of years or more, then go ahead and add these enhancements to your property and enjoy them! Then you may get a return on that investment when you sell later.
If you have any questions at all about real estate or whether or not you should update your property, please contact me via phone or email. I’d be glad to do a market analysis for you so you know where the value lies in your home and what your remodeling could give you in ROI. I would love to be your real estate resource.