Home Seller's Guide: Property Improvements
When it comes to listing your home, there's no single set of black-and-white rules regarding potential property improvements that apply to every property and every seller. Any upgrade or change you make should only be considered if the change is likely to have an appreciable effect on the market value of your property in the minds of most buyers. Below are some common suggestions on Do's and Don'ts on property improvements for your listing:
Painting - A fresh coat of a neutral-toned paint could make the sale easier. Let's face it – we all like things fresh-looking. Minor kitchen issues - Things like plumbing leaks should be fixed, and small updates like swapping out light fixtures can make a big difference. You might even consider sanding, staining or painting worn-looking cabinets. Replacing old cabinet hardware is a low-cost improvement that makes a big difference in appearance. Floors - From fixing scratched wood floors, to replacing cracked tile, to cleaning dirty carpet, a little money spent on sprucing up floors can be well worth the investment.
Major kitchen upgrades - Unless there are major structural issues, most new buyers would prefer to do something to their own taste.
Energy efficient windows - While adding new windows can be a major selling point, it's also a project that can quickly snowball in time and cost.
New gardens or ornamental landscaping - It's always a good idea to spruce up your outdoor space and make sure everything is orderly, but don't waste your time adding anything new. If the potential buyer is not horticulturally inclined, new plants and flowers won't add to the offering price. The same can be said for expensive fences and stone walls – they look nice, but buyers don't pay up for them.