It is finally time to sell your current home and move onto your next adventure. One chapter is closing only to begin a new one. When you are preparing to sell your home, there are a few thoughts running through your mind.
How can you get the most money for your house? What are some tips for selling your home quickly? What renovations should be made before listing the house?
Wondering the answers to these questions is normal, especially if you have never sold a house before. Thankfully, we have some advice about selling your home for you in the guide below.
Grab your paintbrush and screwdriver and continue reading below. Here is everything you need to know about how to sell your home with the right renovations!
When Selling "As Is" Is Beneficial
Selling a house "as is" will not require you to make any type of renovations or updates. You will simply list the house on the market in its current state. You might not get as much money for it, but you will save yourself time and hard work by not having to make any repairs.
Here are a few reasons why selling a house "as is" could be beneficial.
You Don't Want to Spend Money on Renovations
If you cannot afford to renovate or do not want to spend extra money on renovations, then selling the house "as is" could be a good option for you. In situations where the seller does not make certain renovations, the real estate agent can offer the buyer an allowance to make up for desired upgrades but not necessary upgrades.
These upgrades might include worn countertops or floors, but are not considered necessary by an inspector.
You Need to Move Quickly
Renovations take time, and when you do not have the time to put into them, then selling a house "as is" is a good option. In specific situations, some sellers will need to move as soon as possible. This could be due to a new job or something else.
When you must move quickly, there will not be time for repairs, and it is more important to get the most for your house as fast as you can to help with the move.
You Don't Want to Show the House
There are many cash buyers willing to purchase houses in "as is" conditions. This is a great way to sell your home without the need to make repairs or stage and show the house. These investors will have cash on hand to make the purchase.
Take your time to find the right investor to sell to as they will each have different offers and terms.
Renovation Projects With High ROI
When you do have the time and money to make a few upgrades, there are a few things to keep in mind. First, not all renovations will offer a high ROI (return on investment). This means you will put more money into making the repairs than you will get back when selling the property.
You want to avoid those kinds of renovations and instead focus on the upgrades that will get you the highest ROI. Here are a few renovations to consider when preparing to sell your home.
Updating the Floors
If the house currently has old and worn floors or carpeting, then it could be beneficial to update them. If you want to stay away from a costly project, then you can consider installing fresh carpet or new laminate flooring.
Otherwise, installing new hard floors, such as tile and hardwood, will go a long way. Buyers will notice the floors the second they walk into the house and can be a selling point for many.
Neutralizing All Colors
Rather than spending time deciding which colors to choose for the different rooms and even the exterior paint, consider neutralizing everything. All paint colors inside the house should be neutral.
The same is true for the exterior. The colors do not have to be the same but should allow buyers to see the potential in their possible future home. You will want to create somewhat of a blank canvas for them to imagine their own color schemes.
Upgrading the Hardware
Upgrading the hardware in the kitchens and bathrooms is a simple and fairly inexpensive fix. Make sure to choose the same hardware for both the kitchen and bathrooms to synchronize the house. Be sure to have fun with it and pick out something creative and eye-catching.
Redoing Attic Insulation
Installing updated attic insulation might not be something that catches the buyer's eye, but it will give you a high ROI. It is a basic feature that will not cost much to upgrade either; however, potential buyers will appreciate having new insulation, which can help reduce energy costs for them in the future.
Kitchen and Bath Upgrades
There is no denying that kitchens and bathrooms sell a home. Some buyers will come into an open house and go straight to the kitchen or bathroom to determine a buying decision. Updating them can be a good decision for the seller if they are able to do so.
A good way to make updates to these rooms without having to spend too much money would be to paint the cabinets, install new countertops, add a backsplash, and, of course, update hardware and floors as mentioned before.
Boosting the Curb Appeal
What is the first thing buyers see when approaching your house? The landscaping and the exterior. This is why curb appeal is so essential.
Unless the house is listed as a fixer-upper and potential buyers are coming to see a house they know they will need to fix up, you will want to boost the curb appeal. Thankfully, there are a few ways to improve curb appeal that will not break the bank.
Here are a few upgrades to consider.
- Trim shrubs, trees, and plants—if your lawn seems overgrown, then it might give an impression to buyers that the house is not properly cared for or maintained
- Pressure wash and apply a fresh coat of paint—most mold and mildew can be removed with a professional pressure wash and a fresh coat of paint will make the house appear to be new
- Paint the front door—do not forget to give the front door a fresh cost of paint as well, especially with a bold color to help it stand out
- Lay down fresh mulch in the garden beds—a fresh layer of mulch can help brighten your flower or garden beds and bring attention to them
- Add simple decorations—hanging a seasonal wreath and laying a welcoming doormat can help make the house feel warm and cozy
When you are done making your curb appeal improvements, take a step back and look at your house from the point of view of someone approaching it for the first time. What stands out to you? Is there something else you might need to change?
If so, then do so before listing the house. These simple upgrades can make a big difference.
Making Obvious Repairs
Now it is time to do a general inspection of your home. Before selling, an inspector will come out to assess the house. You will want to conduct your own inspection to find any obvious repairs that should be made.
Tour your own home with the mindset of a potential buyer. What do you notice? Is there drywall peeling in the living room?
Is there a water stain on the ceiling? If you notice these issues, then a buyer will as well. Make any obvious repairs as failing to do so could result in the buyer asking you to reduce the price.
Conducting a Deep Cleaning
Once all is said and done, it is time to conduct a deep cleaning of the entire house. If possible, hire professional cleaners to clean the house for you. They have all the necessary tools and products to ensure proper deep cleaning.
They can tackle even the toughest cleanings with ease. When potential buyers come to view the house, they will not get distracted by dirt or dust build-up on the floorboards, or soap scum and grime caked onto the shower walls.
Instead, they will be stunned by how clean and well-cared the property is.
Selling Your Home Has Never Been Easier
Selling your home can cause stress at times. The selling and buying process is a lot to take on and feeling stressed is normal during these times; however, to reduce some of the stress associated with selling a home, be sure to keep these helpful tips in mind.
When you make all the right renovations that offer a high ROI, you can receive the best offer possible.
If you are thinking about selling and want to know what your home is really worth, then use our price tool today to get started!