Wondering if making pre-listing home renovations is a smart move for you? Our tips can help you make the best decision to get your home ready for sale. There’s much to consider when strategizing to get the best return on investment for your home. You can start by asking yourself the following questions:
- What’s the average home sale price in your neighborhood? Will a home renovation help you achieve a price you’d be happy with?
- Are other homes in your neighborhood updated?
- How do I prioritize the upgrades that are needed most and which ones should be avoided?
- How will these upgrades help my home sell?
- Are there options for me if I don’t have enough money to invest in a renovation? (Spoiler alert: NurtureSource can help)
It may feel like there are a million questions to ask yourself before deciding on embarking on pre-listing home renovations. Yet, we’re here to make the process simple.
Below are the four best practices for preparing your home to attract potential buyers:
Focus on Keeping Your Home Timeless and Classic
Although the housing market is ever changing, taking a moderate approach to pre-list
home renovations is always the best course of action. Making classic upgrades that a wide range of sellers can imagine themselves living in, will ensure that your home has the best chances of selling.
When making choices on home improvements, resist making decisions based on trends and instead focus on timeless changes that will be long-lasting. Classic approaches to home improvements will keep the focus on functionality and reliability, something most homebuyers are searching for when looking to buy a home. Keep this in mind, especially when thinking of integrating technological changes or upgrades, remember to keep those changes minimal to lessen your risk of your home changes becoming obsolete.
Approach Interior Design With An Eye for Minimalism
Design decisions should be considered with the buyer profile in mind. Many sellers are tempted to design around their personal preferences, but the most crucial part of designing a home is to create an atmosphere where anyone who walks into it can see themselves living there.
Some of the best rules of thumb for creating this atmosphere all focus on minimalism. Homes that use muted color palettes, minimal textures and tiles and/or wallpaper that steer away from being flashy are more likely to incite your buyer. Neutral interior design choices offer the right amount of style to attract potential buyers to see all your home has to offer.
Motivating buyers doesn’t always mean making luxurious updates. The best updates are practical and essential. Most people are looking to personalize their own home, so the best design is one that can allow the buyer to add their own style along the way.
In solely making essential updates, like painting, replacing windows, or upgrading your bathroom or kitchen, you’ll be making a good investment in the foundation of your home making it more attractive to buyers.
External design decisions are crucial in attracting potential buyers. Whether investing in landscaping or other outdoor updates, keep practicality at the forefront. When thinking of your home’s curb appeal remember that simplicity is always best. Focus on small details like low maintenance plantings and minimal outdoor updates. These subtleties will make sure your home has the simple and sophisticated updates needed to make the best first-impression.
Approach DIY Projects with Caution
The excitement in getting your hands dirty and tackling your pre-listing renovations yourself is enticing. However, don’t forget the inherent risks possible in DIY projects. Some of these risks include potentially exposing yourself to liabilities when making your own home improvements, larger home upgrades without proper licensing can also leave you vulnerable to lawsuits. Small fixes could easily turn into a major project that will need professional attention. Oftentimes, a DIY project gone wrong will end up costing you more money and time. It’s important to remember that making upgrades of any size requires expert knowledge.Sometimes the safest bet is to rely on the experts. We always recommend researching and thinking strategically before taking on any DIY home improvement projects. Home improvement upgrades that involve plumbing work, electrical fixes and more can look easy, but may take more expertise than you might think.
Seek Expert Advice and Knowledge
There are many people ready to help you make the best decisions for your pre-list home renovations. When reaching out for support make a point to seek out experts that know the housing market. These experts will be able to help you determine market trajectories and the neighborhood nuances that can impact the selling of your home.
In finding the right support, you’ll be better equipped to plan strategically when approaching these renovations. The right expert can work with you to determine the best return on investment for your home improvements as well as share ways to help you finance and budget whatever home improvements are needed.
The best professionals are experts with a wealth of resources available to walk you through any and every process when selling your home. NurtureSource has the experience and knowledge to support you in making the best to make decisions on how to invest in ways that will earn a strong return.