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When putting a home on the market, homeowners must decide whether to offer the house as-is or make improvements that have the potential to increase the home’s attractiveness and sale price. If you aren’t in a rush to sell, updating the home is an easy way to get more for your property. Here are 5 renovations tips to help you maximise your profits when selling your home.
1. Landscaping Updates
Curb appeal matters! Any landscaping improvements you can do to make your home dazzle would-be buyers pay off by generating excitement. A positive first impression goes a long way. Simple ways to update the landscape include mowing the lawn, trimming shrubs, and placing a new cheery doormat at the entrance.
2. Kitchen Renovation
The kitchen is one of the most important rooms in the home, so renovating it pre-sale can make sense to help attract buyers. If your house has a dated kitchen, buyers may dismiss it. While renovating the kitchen is a major expense, it can often quickly pay for itself by helping you achieve a higher sale price. Alternatively, if you simply don’t have the budget to complete a full kitchen renovation, there may be small upgrade options. Replace a glaring fluorescent overhead light or repaint kitchen cabinets. If you can afford a minor remodel, replace outdated countertops and appliances.
3. Bathroom Renovation
Along with the kitchen, a bathroom renovation can be a critical step to help push a house sale. By removing dated tiles or wallpaper, applying a fresh coat of paint, and upgrading bathroom fixtures, you’ll make the space more inviting to home buyers. Simple bathroom renovation upgrades, such as replacing the toilet seat, towel rail and taps can also help achieve quick cosmetic improvements.
4. Entryway and Halls
The entryway is one of the most heavily trafficked areas in a home, and yours probably shows some signs of wear and tear. Wash the walls and apply a fresh coat of neutral paint to the entry. While you’re cleaning, take down family photos for storage. Home shoppers want to envision themselves in the home, so appreciate a neutral space that isn’t cluttered with personal knick-knacks.
5. Electrical Upgrades
If your house is old, it may not have sufficient outlets for modern, device-driven life. Consider hiring an electrician to brighten up your home. You might add dimmer switches to lights in the dining areas, replace aged faceplates, or increase outlets in rooms.
Develop a budget for your home renovations and stick with it to ensure you don’t overcapitalise and spend more than you can afford to prepare the home to sell quickly. Making home improvements is particularly important if your local market has a lot of properties on the market. Anything you can do to make your home stick out for the right reasons will help you sell your house quickly and for more money than if you put it on the market as-is.