Often, I am asked by seller's if they should do any work on their home before putting it on the market. There are several reasons I believe you shouldn't do anything:
- Your taste in style might be different then buyers.
- Renovations to kitchens and bathrooms can cost a lot of money, which would reduce your down payment on your purchase. Even if you finance out the renovation, it will effect not only your credit score, but also your debt to income ratio.
- There are often delays or hidden surprises in the course of remodeling, which can take more time & money to fix, and would delay how soon the house can hit the market.
- You might not be able to enjoy the upgrades, once they are completed.
I say don't do anything expect:
- Fix the items which are broken (damaged trim, baseboards, window panes,etc)
- Get together documents relating to your home (survey, receipts for repairs (roof, septic pumps, etc), warranties, manuals, past years of utilities bills)
- Re stage rooms for intended purpose
- Get rid of or donate things you haven't used/don't need that take up space. Buyers will be pay top dollar if they think all of their stuff can fit & them some in your house.
