Should I Remodel Before I List My Home For Sale
Often while we are searching for a hidden gem, we find home owners that want to sell their home, but it needs major repairs. They already know that an updated home sells faster and for more than one that requires work. Waco Home Team is your expert on which projects to pour money into and which ones to pass on to the next owner.
As a general rule, simpler, lower cost projects tend to offer the greatest returns. Your best bet is to focus on replacements. Our experience has shown us that replacing light fixtures or older appliances with newer, advanced versions actually offer a greater value than remodeling the entire kitchen.
Don’t forget that, in real estate, buyers do “judge a book by its cover.” Buying a home is primarily an emotional decision reinforced by logistics. Making improvements to a home’s exterior to add greater curb appeal can offer a substantial payoff. On the exterior, siding replacement with manufactured stone veneer can yield as high as 92.2 percent return!
Or Sell High?
However, if you own an outdated home in an area where other properties are being renovated, the kitchen remodel may be your best bet. Unfortunately, you may be in a greater rush due to a job transfer or you may be hindered from a full remodel because of financial restrictions. Still, there are many weekend projects that are worth their weight in gold. Read more about these in our next blog, What Buyer’s Want.
TOP 4 projects: Entry door replacement, manufactured stone veneer, garage door replacement, siding replacement
For Further Information on large project with the best returns, Consult the 2015 Cost vs. Value report.