Upgrades have become an important part of selling a home. I’ve been working with a lot of buyers lately and get a front-row seat on what they are looking for. I would say at least 75% of buyers don’t want to have to do too much once they purchase the property. That includes easier things like paint and flooring. And there is a baseline expectation that the major systems (a/c, roof, electrical, water heater, plumbing) are in good condition.
We’re in the midst of a major buyer’s market right now. A house is on the market for an average of 70+ days before going under contract. The question I get asked by sellers is how much they should do beyond the basics to make the property more attractive. And even if you’re not looking to sell soon, what projects would increase your value?
7 Easy Home Upgrades to Attract Buyers and Increase Your Return on Investment
Paint
Neutral paint inside and out.
Baseboards
Replace baseboards, trim, and accents to look updated.
Flooring
Remove any carpet and put in updated flooring.
Hardware & Fixtures
New light fixtures/fans and other hardware: door knobs, drawer and cabinet pulls.
Doors
Replace the front or other exterior doors, preferably with steel. Replace interior doors to update the look.
Mini Kitchen Remodel
Cabinet refacing or painting, new countertops, and new hardware can go a long way. One of my clients used cool LED bulbs to wash out the orange tint in their honey oak cabinets. Their listing was under contract within a week.
Minor Bathroom Remodel
Modern fixtures and lighting, re-grouting, and updating the vanity are easy fixes that can improve the look of an outdated bathroom. When staging your home for sale, use neutral accents, shower curtains, and towels.
Not All Upgrades Are Equal: Use These Rules to Make Your Investment Worth It
Neutral Colors, Classic Styles
Stick to neutral colors and styles that aren’t likely to date quickly. Save the trendy curtains, bedding, pillows, or decor when you stage your home for sale.
Quality Materials and Construction
Find quality materials for the upgrade, and avoid purchasing the cheapest materials. Buyers can sense when corners have been cut, and they don’t want to spend money to upgrade your “upgrades.”
Hire licensed contractors and highly-rated labor to make your upgrades. “Uncle Bob” may be able to do the job, but poor workmanship turns a buyer off and raises suspicions about the entire house. Save your receipts, contractor information, and a list of improvements to show future buyers what has been done.
Thoughtful Choices
Make your upgrade choices relative to the neighborhood. Look at the fixtures and finishes in comparable properties, especially homes that sell quickly in your neighborhood. Adding expensive, over-improvements to your home won’t necessarily make you more money at a sale.
Interested in Selling or Buying?
As always, I am here to help. If you know anyone who wants to sell or buy, give me a call! 407-687-8908
