Is your home stuck in the 70s but you want it to sell well in 2014? If you are ready to sell your home now and feel the need for upgrade projects to increase the chances of listing success, there are some ideas that are more worthy than others. A word of advice before you start: Take into account long-term projects v. short term ones – in other words some larger projects can turn into behemoth jobs that will actually delay the home listing. So plan accordingly. Also some projects just don’t pan out when it comes to investment v. selling price. Below are the top must-do projects that can increase your home sale price and add to the beauty and appeal of your home when showing.
- Upgrade Your Kitchen: One Piece at a Time
Most homeowners think they have to undergo a complete kitchen renovation, to modernize a very outdated kitchen tile or linoleum. But it can really be as simple as painting the kitchen cabinets or changing the counter tops to granite. A recent article on Yahoo Homes titled,Selling your home? Three projects you should and shouldn’t tackle, quotes Erica Lugbill, the owner and lead designer of Lugbill Designs, a Chicago-based residential design firm. Erica recommends some easy tips that can be done on a budget:
Focus on small “face-lift” projects, such as painting your cabinets, switching out your hardware, installing a tile backsplash, or replacing the countertops…You can go to a stone remnant yard where there is often a large selection of discount pieces of granite or quartz that can be installed for a fraction of the cost.
- Up on the Roof
If potential buyers can see the roof of the home when they drive up and your roof is currently shabby, it may be time to make some repairs to move from shabby to chic. You’d be surprised what a beautiful roof can do when it comes to curb appeal. If there are fix-it issues like leaks or damage, definitely fix these as it will be more than an eye-sore issue but one of home inspection and could derail the sale. But beyond the practical elements, a cosmetic upgrade—which is actually a low cost remodel—will do wonders for your home sale.
- A Bathroom Redo: Don’t Flush Away Your Money
Instead of redoing an entire bathroom, knobs, cabinets or even a pedestal sink can make a big difference. If your bathroom tile is atrocious, you may need to replace it but if you do this, keep it neutral. The potential buyer will have his or her own taste anyway and may decide to renovate in which case you will have wasted an investment. Better to go for a repaint or vanity replacement to make some subtle changes but save money.
Try to avoid larger-scale projects – the kind that start out with good intentions but can turn into giant month-long overhauls. Room additions, master bedroom renovations and sun deck add-ons are probably not worth it. And, look at the cold hard truth, says the Yahoo Home article:
A room addition might sound like a great idea, until you realize that doing so could cost you as much as $100,000. In fact, according to Remodeling magazine’s 2011-2012 Cost vs. Value Report, a master suite could cost over $106,000, while adding a family room could run you around $83,000.
If you are unsure, ask around. See what’s hot in the neighborhood. Are your neighbors having to do upgrades to sell or their homes or are properties flying off the market faster than the inventory? And lastly, if you work regularly with a Realtor you trust, give her a call. Ask her about curb appeal and the current trendy must-haves at open houses – no one knows better about home sales than someone who’s doing it daily!
An award-winning Realtor®, Lydia Gable is a Realtor who pays special attention to maintaining diligent communication with clients to assure a successful home sale. Lydia Gable lives and works in the community. If you have any questions related to this topic or if you are interested in buying or selling a home in and around Westlake Village, contact Lydia Gable today for an appointment.