If you’re planning on selling your home in the near future, or if you’ve invested in a property to resell, then you may be wondering what projects make sense to do before you put your home on the market. You also may be wondering which projects are best left to the new owners. This post will answer those questions.
Photo credit: Active Home Bay Listing – Camarillo, CA
3 Projects You Should Tackle Before You Sell
Reface your kitchen cabinets:
A new kitchen can cost upwards of $25,000. However, painting the fronts of your cabinets and replacing the hardware can get them a new look for a fraction of the cost. And the best part is, according to the Kiplinger newsletter, you’ll recoup about 83% of your expenditures.
Swap out the toilets and tubs:
Your fixtures are the parts of the bathroom that can make it look dated quickly. Replacing these will give your bathrooms new life at a minimal cost. You can also install energy efficient options to appeal to a eco-conscious buyers.
Update your landscaping:
You want potential buyers to be attracted to your home’s curb appeal, not turned off by it. Old, overgrown bushes and trees can hide the beauty of the exterior of your home and make the interior appear dark and unwelcoming. Trim back overgrown plants and / or replace them with low bushes like hydrangeas or under story trees like dogwoods or lilacs.
3 projects you should leave to the new homeowners
Adding a swimming pool:
While a swimming pool may seem glamorous, it can be a lot of work and money to maintain.You’ll most likely never see your money back and installation can be very expensive. Plus, a pool is very difficult to remove if it’s not being used. Save your cash and let the new owners decide if a pool is worth the expense.
Installing High-end finishes:
That Viking stove, gold-plated faucet and marble dining room floor you’ve been drooling over are beautiful, but unfortunately, they are unlikely to dramatically increase the value of your home. If you want to buy these things because you like them and want to enhance your space, do it. Just don’t install them in an attempt to make more money when you sell.
Building a home office:
“Money” magazine says home office remodeling projects are one of the worst investments you can make in your home. Since sellers are usually taking away one of the home’s bedrooms to create an office, it lessens the home’s appeal to large families. The only caveat is if you’re selling a starter home that would appeal to young first time buyers with no kids, it may be worthwhile to stage a work space. Research has shown that a home office can be a good way to get younger buyers interested in your property.