You are considering selling your home and wonder what you should do to make sure you get top dollar for it. You only have so much money, so to spend it wisely you need to know what gives you the most bang for your buck.
Let’s start outside. Sprucing up landscaping is always a big help.
Adding color, keeping your lawn mowed and yard clean is easy and inexpensive. Another outside update that pays off is building a deck. A simple wooden deck has been known to return 85 percent of the cost of the deck. Buyers love having usable outside space and it is a definite plus for your bottom line, that won’t make a huge dent in your budget.
Inside, remodeling the kitchen, or doing some updates if you can’t do a full remodel, will help you get top dollar.
Keep the remodel or updates to scale with your home, though. If your appliances are in good shape, just replace counters or cabinets. Done right, a kitchen update can return 83 percent of the money spent. Buyers today expect updated kitchens and they will appreciate you having done the work by paying more for your home.
Of course, the other half of that is the baths.
Bathroom upgrades, including fixtures and countertops, provide between 68 and 78 percent return on investment. Be careful what you do, though. Classic updates like subway tile in white and black or neutral tones is a safer bet than something really trendy. Trends come and go…1970’s avocado green anyone???
An inside and outside update is new windows.
This pays off in two ways. First in lowered utility costs. Good replacement windows keep in the heat or cool, and out the cold or heat. The cost is recouped easily at sale as well, as in an 81 percent return. Plus it’s another thing that buyers love are done. Replacement windows have a long life, so they will most likely not have to worry about replacing them again.
Done right, these updates will make you back what you spent in a higher sale price than if you didn’t.