Should you renovate before selling your house?
Sometimes.
But not every renovation produces a return.
Start With Repairs
Before considering expensive upgrades, deal with obvious problems.
Buyers quickly notice things like:
Damaged drywall
Leaking faucets
Broken fixtures
Missing trim
Loose handles
Damaged flooring
Peeling paint
These repairs are often relatively inexpensive but can affect a buyer's impression of the entire property.
Paint Can Have a Big Impact
Fresh paint is one of the simplest ways to make a home feel cleaner and newer.
Neutral colours can help buyers imagine their own furniture in the property.
Kitchens
Kitchen renovations can be expensive.
If your kitchen is extremely dated, improvements may help.
But that doesn't necessarily mean replacing everything.
Sometimes sellers can improve presentation through:
New hardware
Updated lighting
New countertops
Painting
Backsplash changes
Professional cleaning
Bathrooms
Bathrooms also influence buyers.
Again, complete replacement isn't always necessary.
New caulking, fixtures, mirrors, lighting and paint can noticeably improve an older bathroom.
Don't Renovate for Your Personal Taste
Remember that you're renovating for the buyer.
Installing expensive finishes you personally love doesn't guarantee a buyer will pay you enough extra to cover the cost.
Ask Before Spending $20,000
Before beginning a major renovation, ask a local Realtor to look at your property.
Compare:
Expected selling price without renovation
against
Expected selling price after renovation – renovation cost
If a $30,000 project is only expected to increase the sale price by approximately $20,000, completing it before selling probably doesn't make financial sense.
Sometimes Selling As-Is Is Better
Some buyers intentionally look for homes they can renovate themselves.
The right choice depends on your neighbourhood, price range and competition.
Michael Gallant Team
Century 21 Wenda Allen Realty
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