§ Kitchens and bathrooms are tops.
These areas, more than any others in your home, have the ability to ‘make it or break it’ for prospective buyers, so you’d be wise to concentrate your renovating efforts and budget on these rooms – the kitchen, in particular – before upgrading other rooms.
§ It’s the little things.
Don’t go overboard with your renovations. Numerous studies have shown it’s the simple, low-cost projects that offer home sellers the greatest return on investment. So think small: a fresh coat of paint, new light fixtures, and new hardware in your kitchen and bathrooms.
§ Appearance is everything.
Get more bang for your renovation buck by focusing on upgrades with high visibility, like those made to flooring, walls, counters, and cabinetry. These are more enticing to buyers than the kinds of functional improvements that aren’t obvious in photos or at first sight.
§ Don’t replace what you can renew.
Why install new hardwood floors if a simple (and much cheaper) refinishing will make them look good as new? Are your cabinets structurally sound? A refinishing or refacing may be all the upgrading they need. Where possible, work with what you already have.
§ Tailor to your target market.
When you’re renovating to sell, the changes you make need to appeal more to the general market, not necessarily to your specific tastes.
Renovating your home for your own enjoyment is very different than renovating it to sell. Keep these tips in mind when giving your property a makeover intended for the market.
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