Deciding to sell your present home but want to make a few adjustments before listing? Here are some tips for what is important and what is not important to update when selling a house:
Important updates:
- Repainting walls and ceilings to a neutral color
- Refinishing or replacing worn or outdated flooring
- Repairing or replacing any broken fixtures, appliances, or hardware
- Replacing or updating old or worn-out windows and doors
- Updating the kitchen and bathrooms to modern styles and fixtures
Not important updates:
- Adding high-end luxury finishes or features that won't add value to the home
- Making changes that are too personalized or unique to your taste
- Adding expensive landscaping or outdoor features that may not appeal to all buyers
- Over-improving for the neighborhood, such as adding high-end finishes to a modest home in a lower-priced area
- Making major structural changes that are costly and may not be worth the investment in terms of resale value.
Remember that while some updates can help increase the value and appeal of your home, you should also consider your budget and the potential return on investment for each project. Consult with a real estate agent or home staging professional to help you make the best decisions for your specific property and market.
Bottom Line: Aim to do just enough to get buyers interested, but don't “over-improve” your present home to the point of losing money. The return may not match the investment spent!
When you're ready to sell your Long Island home or condo, the REALTORS® to call are Lawrence & Sheila Agranoff. Let's chat! Cell: 631-805-4400
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