When homeowners begin considering selling their home in Fort Worth, repairs and upgrades can be a first step many people take. However, doing too much, or doing the wrong upgrades on things that don’t provide much return on your investment can be a waste of time and your money and actually slow down the sale of your home.
We have put together our list of home upgrades to invest in and those to forget about. Continue reading below to learn more….
Upgrades To Invest In:
A fresh coat of paint can easily brighten up and revive a room. Try to stick with neutral colors and add in pops of color elsewhere, such as throw pillows or artwork. Painting is a relatively low-cost upgrade that can have a big impact.
Plus a fresh coat of “flat” paint will cover many of the imperfections in the walls, nail holes, etc.
Do: A Kitchen & Bath Facelift
You might have heard that upgrading your kitchen and bathroom are two of the best areas to focus on when upgrading your home. Although they can be, you can also complete some smaller upgrades that will make a big impact without costing near the money.
New faucets, drawer pulls a coat of paint on your cabinets are all affordable ways to revitalize the kitchen. Some appliance manufacturers now sell new and alternate colored faceplates to make them look like new.
For example, swapping out the front of your dishwasher to match the other appliances is a great way to save money and tie things together.
You can take the same principles to give your bathroom a quick makeover. Vinyl tiles can go on the floor, right over what you currently have. Do a deep cleaning of the grout, and re-grout if needed. New faucets and showerhead and your looking like new.
Fix any cracked tiles or broken hardware. (Wobbly towel racks, etc.) Another option to a complete shower renovation is to install a pre-fab cover. This is much cheaper than doing a whole shower overhaul.
Do: Landscaping / Curb Appeal Upgrades
Planting flowers out front for a pop of color or covering dirt with a pretty, fast spreading ground cover will give your home instant curb appeal. If needed, have trees and bushes trimmed up to allow light on the house and keep the lawn mowed and trimmed nicely. Consider fertilization of the lawn as early in the home selling decision as possible so as to have time to help green up your lawn.
Depending on your climate, you can plant succulents or lay down pretty rocks to keep the space well maintained, but low-maintenance.
Maybe throw a fresh coat of paint on the mailbox with new street numbers or hang up a bird feeder and some hanging plants. Small touches and a well-groomed yard will draw anyone in and make your home stand out from the others.
Upgrades To Forget About:
Don’t: Finish The Basement
This can turn into a major project that can be both expensive and time-consuming and in the end, the numbers show you won’t end up getting back anywhere close to what you put into it.
Overall, most homebuyers will want to fix up the space to their taste which may not be the buyers taste. Maybe they want an open game room, or to add a couple of extra bedrooms.
When pricing the home, account for the unfinished space and let buyers know that is reflected in your pricing.
Don’t: Add a Patio, Deck or Pool
Again, this can be very pricey, without much return. If you have an open area, use plants or pavers to tidy up and beautify the space. If the new homeowners want to build a deck, they can do so, but with their tastes and specifications in mind.
Adding a pool can cost a fortune, without providing a huge increase in what you will be able to ask for the home. In addition, a pool may actually deter some buyers.
Prospective buyers with small children may worry about safety and many people may not want to worry about the hassle and upkeep of maintaining their own pool.
Also remember, the above additions will also delay the sale of your home because they take time to accomplish.
Don’t: Do A Major Renovation to The Kitchen or Bathrooms
Don’t waste your money with a complete overhaul unless it is absolutely necessary due to water or fire damage. The cost does not make sense, especially when homebuyers will have their own tastes. Many homeowners would prefer a credit to the home price allowing them to upgrade on their terms.
Not sure what upgrades to invest in and if can re-coup your investment speak with you realtor or contractor to see what the return on your investment will be for your neighborhood.
In summary: Don’t over-improve… keep it simple!
Whether you are looking to buy or sell, TMC Property Solutions can help you with some great tips and strategies! Fill out this short form now, and someone from our office will be in touch right away! Or give our office a call 24/7! (817) 550-5069 Ext# 4000
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