Homes need constant upkeep to keep them looking amazing, but if your house is at least a few decades old, expect it to show signs of wear and tear. If you’re planning to sell an older home that’s not in perfect condition, you might want to consider making home renovations first to improve its selling price.
However, before you make renovations, don’t forget to plan according to your budget, your goals, and the extent of repairs needed. First, take a look at the categories of poor home conditions to help you assess your property and determine the extent of repairs or renovation needed.
Categories Of Poor Home Conditions
If you’re selling a house in poor condition, do a quick overall inspection to see how ‘poor’ it really is. Here are the three categories:
- Uninhabitable – This refers to a house that has serious plumbing and electrical problems, mold or termite infestation, non-functioning HVAC systems, or extensive roof damage.
- Fair Condition – Shows obvious signs of wear and tear, which commonly includes foundation issues. It also usually has an outdated or broken kitchen and bathroom fixtures and tiles.
- Old But Good – Older homes that still have a solid structural foundation but could use some general minor repairs. This home can have overgrown or dead landscaping, dirty floors, dirty or peeling paint, and dirty interiors.
While you can sell any home as-is, you can also make home renovations and improve its resale value significantly.
If you prefer to do repairs and renovations, here are 5 home renovation ideas you can add to your “to-do” list before you list your home. When you tackle these jobs, you’ll make more money when you sell your home!
It’s important to command the best dollar for your renovation budget. This is because home buyers want to see amenities and upgrades, and a lot of them. As the housing market is hot right now, you must deliver what they want! In the long run, you’ll get your money back and more!
5 HOME RENOVATIONS THAT ARE IMPORTANT BEFORE SELLING YOUR HOME
Kitchen Renovation
Most homebuyers expect a fabulous kitchen. Give it to them and they’ll offer you more money.
Master Suite
Make your master suite feel “master-worthy.” While a full-scale remodel may not be necessary, homebuyers want a clean and relaxing space to unwind after work.
Storage Space
Buyers want storage space for their things. If your closets are over-stuffed, give them a closet makeover. Organize and add shelving to make the closets this much-needed update.
Bathroom Remodel
The second most important space, after the kitchen, is the bathroom. Buyers want to move right is without the trouble of a renovation.
Laundry Room
Last but not least, buyers want the convenience of a well-planned laundry room.
If you complete the renovations before you list your home, buyers will be pleased.
| Category | Description |
|---|---|
| Poor Home Conditions | Identify areas that need improvement |
| Renovation Budgeting | Plan according to your financial capabilities |
| Renovation Goals | Set clear objectives for your renovation project |
| Extent of Repairs | Determine the scope of work required |
| Renovation timeline | Decide on a timeframe for completing the renovations |
Homeowners looking to sell their property often face the dilemma of whether to make renovations before listing their home. While it’s true that homes need constant upkeep to maintain their appeal, older homes, in particular, may require more notable improvements to increase their market value.
Category 1: Poor Home Conditions
Prior to embarking on any renovation project, it’s crucial to assess your home’s current condition. Look for areas that are in need of repair or updating, such as outdated fixtures, worn-out flooring, or peeling paint.Identifying these problem areas will help you prioritize renovations based on urgency and impact on the overall value of your home.
Category 2: Renovation Budgeting
Once you’ve identified the necessary renovations, the next step is to establish a budget for the project. Consider how much you’re willing to invest in the renovations and allocate funds accordingly. It’s essential to strike a balance between making cost-effective improvements and achieving a significant return on investment when selling your home.
Category 3: Renovation Goals
Before diving into renovations, clarify your goals for the project. Whether it’s enhancing the visual appeal of your home,improving functionality,or addressing structural issues,setting clear objectives will guide your renovation decisions. Having a defined purpose will ensure that the renovations align with your desired outcomes.
Category 4: Extent of Repairs
Determining the extent of repairs needed is crucial in planning your renovation project. Assess the scope of work required, from minor cosmetic updates to more extensive renovations. Prioritize repairs that will have the most significant impact on the overall marketability of your home. Consider consulting with a professional to get a complete evaluation of the necessary repairs.
Category 5: Renovation Timeline
Establishing a timeline for your renovations is essential to ensure a smooth and efficient process.Consider factors such as the availability of contractors, lead times for materials, and the overall duration of the project.Setting a realistic timeline will help you stay on track and complete renovations in a timely manner before listing your home.
By addressing these categories of poor home conditions, renovation budgeting, renovation goals, extent of repairs, and renovation timeline, homeowners can make informed decisions when preparing to list their home for sale. Taking proactive steps to improve the condition and appeal of your home through renovations can significantly impact its selling price and attract potential buyers.
Great tips! Investing in these renovations can definitely boost your home’s value and attract more buyers.
These renovations are essential for making your home stand out in a competitive market—totally worth the effort!