When it comes to preparing a home to be put on the market, deciding which home improvement projects to undertake can feel like being lost on unfamiliar roads without a map. Completing the right home renovation projects can help homeowners get better offers when it's time to sell, but knowing which home renovation projects take priority can be a challenge if you've never sold a house before. In general, there's a hierarchy of home improvement projects. Here's roadmap to important home renovation projects that can help sellers get better offers and sell more quickly.
Homebuyers like turnkey properties. Problems with the home that arise from deferred maintenance, such as roof repair, HVAC system repair, and window repair, can all negatively impact offers from buyers. Taking care of these problems before your house goes on the market is a good way to ensure a move-in ready home for prospective buyers.
If you’re not sure what maintenance and upkeep needs to be done before selling, consider having your home looked at by an inspector. Though this costs more money up-front, it will prevent surprises in escrow.
Curb appeal helps attract homebuyers to your property. There are a variety of small projects that can help improve your home’s curb appeal, including cleaning or updating your home’s siding, planting colorful landscaping, installing pathways, painting your front door, installing large home numbers on the front of your house, and installing better lighting in the front yard. This is a project best started early––developing the curb appeal on your home before putting it on the market will ensure that it looks its best for the pictures in the real estate listing.
Once any deferred maintenance has been handled and curb appeal improvements have been done, it's time to consider making improvements that add value to a home. Many homebuyers focus on the kitchen when evaluating properties. Popular kitchen commodities include room for a table, stone countertops, ample storage space, and both track and overhead lighting. If your kitchen lacks some or most of these qualities, a remodel can help boost your home’s property value and help your home sell more quickly.
The backyard is a popular gathering space for get-togethers, barbecues, and socializing, so it’s no wonder that homebuyers love decks! A deck can make backyard socializing that much more comfortable and convenient, so now is the time to consider refurbishing a pre-existing deck or even building a new one. Installing a deck is an inexpensive way to make a home appeal to more buyers. The ROI of installing a deck is as much as 80%.
Consult with Your Real Estate Agent
Faced with all these choices, it can be tough to decide which home improvement projects will pay off when it’s time to sell. Real estate agents interact with homebuyers on a regular basis and likely understand their preferences. As such, they will be able to offer insight on what's missing from a home. An agent can help with the final decision on what projects are will add value to a property, so consult with them before making any big changes.
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* This representation is based in whole or part on data supplied by, and to, the Subscribers of Alaska MLS. Alaska MLS does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. Report reflects sales through within 24 hours of the final report date.