Sharing three projects you shouldn’t take on when preparing to sell.
Are you getting ready to sell your home? It’s natural to want to make improvements to increase your property’s value and appeal to potential buyers. However, not all fixes are worth your time and money. We often speak to homebuyers, and based on their preferences, here are three things you should avoid fixing before listing your home:
1. Minor HVAC, plumbing, and electrical issues. Unless your house is brand new, most buyers expect some minor inconveniences related to older systems. Fixing these minor problems can be more expensive than the return you’ll get in the market. Instead, focus on ensuring that everything is in working order, but don’t worry about making major upgrades in this regard.
2. Old windows and appliances. In many real estate markets, appliances are not included in the sale, and it’s common for sellers to take them with them. Additionally, upgrading to new windows doesn’t typically yield a significant return on investment just before selling. Buyers are more concerned with the overall condition of the house. However, if you plan to upgrade for your own comfort and efficiency, feel free to do so.
3. Upgrading a single room. When selling your home, think about the bigger picture. Buyers are looking for a cohesive home, and they may be put off by an over-upgraded single room if the rest of the property is not up to par. Instead, consider making cohesive upgrades throughout the property rather than focusing on just one room.
A few additional points to consider:
A.) Prioritize upgrades that add value, such as painting, flooring, and small hardware changes like door handles and light fixtures. These changes can make a big difference in how your home is perceived.
B.) If the buyer’s inspection uncovers minor deficiencies, it’s usually best not to rush into fixing them yourself. Adjust the selling price accordingly, allowing the buyer to address these issues. Avoid taking on the liability of fixing properties when you’re not a licensed contractor.
C.) To avoid surprises during the transaction, consider getting a pre-listing inspection. This way, you’ll be aware of any deficiencies and can decide what to fix and what to disclose to potential buyers.
By focusing on the right improvements and avoiding unnecessary expenses, you can increase your chances of a successful sale. If you’re unsure which fixes are worth your investment, don’t hesitate to reach out by phone or email for a personalized evaluation. We’re here to help you make the most of your home sale!