Renovations That Pay Off

By
Real Estate Broker/Owner with The Brandon Group PB00063728

So you’ve decided to sell your house and you want to spruce it up a bit before placing it on the market to increase your chances of getting a better price per square foot…but you aren’t sure what to spend your money on.  The first thing to keep in mind is that not all renovations are created equally. The key to a smart renovation is to focus on things that will be important to your potential buyers.

You’ve probably heard the saying, “You don’t want to have the nicest house on the block” … but on the other hand, you DO want to catch the prospective buyer’s eye, without breaking the bank. So to do this you want to find your house’s “Sweet Spot” (in regard to price per square foot), which will take help from your Realtor.  Knowing what houses are going for in your area will help you decide what you should realistically spend on renovations, which will in turn help you avoid spending more than you will be able to recoup when you sell your home.

So you’ve figured out how much you want to spend…now that we know that… what renovation should you spend it on? Home renovation is about return on investment, and it has been proven that there are a few places that are sure fire SMART places to spend your money:

 

  • 1st Impressions Matter…Get Them in the Door with an Outside Makeover – Improve the landscaping, clean up what you already have, re-seed (a fraction of the cost of sod), place potted plants next to the front door, etc.

 

  • A Warm Welcome - Replace, re-paint, or re-stain the front door

 

  • Top to Bottom Makeover - Give your home a fresh coat of paint – Remember, keep it neutral! Your daughter may LOVE the purple princess room you gave her, but it may be hard for your prospective buyer with four boys to picture their family living there

 

  • Out with the Old, in with the New – Change and Update lighting and plumbing fixtures

 

  • Do You Have a Little More to Spend? – If you have access to a little more for renovations, the kitchen will give you the most return on investment.  Just be careful to do your research and remember not to over-personalize your choices. It is also important to remember that new home owners will be interested in functionality and efficiency, so planning with this in mind will be helpful

 

Hopefully these tips will aid you on your renovation journey…Be sure to reach out to us when you get ready to begin, and we can help you figure out what your “Sweet Spot” is for your house.  That’s what we do… and we’d love to help! 

  

Comments (19)

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Sumer, this is a great compendium of easy and often inexpensive things to do for a seller to give their home maximum curb appeal with a fresh and updated look inside!

Even if the seller is on a limited budget they can always declutter and place some fresh mulch around the front exterior to make the home more inviting for a buyer!

Welcome to Active Rain, Sumer!

Nov 30, 2016 11:58 AM
Sumer Brandon

Many thanks!

Nov 30, 2016 12:02 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Great blog post Sumer.  Painting is always the best return on investment. Welcome to ActiveRain.  It's a wonderful platform to share your knowledge and learn from other industry professionals.   

Nov 30, 2016 12:04 PM
Sumer Brandon

Thank you for the warm welcome. I look forward to collaborating and learing from my fellow colleagues! 

Nov 30, 2016 12:06 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sumer Brandon and Welcome to the rain where we all help each other and learn from each other.  Make it a great day!

Nov 30, 2016 02:25 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I am in the process of downsizing right now and our house is 18 years old and although very functional; it is outdated. I wanted to welcome you to ActiveRain and hope that you get as much out of blogging as you put into it 

Nov 30, 2016 04:00 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good advice to share with prospective home sellers.

Nov 30, 2016 05:14 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You should use your blog settings to create an automatic signature for your blogs. Readers want to see your contact information.

Nov 30, 2016 05:16 PM
Sana Solanki
Kingsway Real Estate - Brampton, ON
Homes!

Welcome to ActiveRain. This is a great platform to network as well as a great place to learn from other's experiences and knowledge.  Enjoy your journey with ActiveRain and may you have loads of success.

Nov 30, 2016 06:08 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Sumer Brandon great list of renovations that payoff when you sell your home.... 

Dec 01, 2016 04:14 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to ActiveRain...it's a great place to learn, share, market and network....and I hope you enjoy all of it...

Dec 01, 2016 04:14 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Welcome to Active Rain.  I hope you enjoy your time here.

Dec 01, 2016 04:53 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Welcome to active rain. Good luck in achieving your goals.

Dec 01, 2016 04:53 AM
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

Welcome to Active Rain. Great tips everyone can benefit from !

Dec 01, 2016 05:28 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Important tips Sumer!

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Dec 01, 2016 10:58 PM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Hi Sumer Brandon, Welcome to Active Rain and congrats on your first blog post. This is a great place to meet interact with and learn from awesome professionals while learning about their real estate markets.

Dec 02, 2016 07:16 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Great tips ! It is so important to prepare your home for the buyer's eyes !

Dec 02, 2016 08:09 PM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Sumer, the pre-listing preparation makes all the difference.  Good advice!  And welcome to ActiveRain.  We could have you addicted in no time.

Dec 02, 2016 08:13 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sumer, great advice, and definitely the curb appeal should be stellar when put on the market.  Great first post.

Dec 03, 2016 06:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sumer welcome to ActiveRain and congratulations on posting your first blog on this site.

Dec 03, 2016 07:40 PM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Sumer Brandon Good information to share here on Active Rain. Welcome to the community. 

Jan 02, 2017 06:50 AM

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