4 Best Home Renovations for Your Dollar: Renovating Before Selling

Best Home Renovations Before SellingPrior to selling, you may consider remodelling your house to increase its value and make it more appealing to buyers. Sellers can go wrong by putting a lot of time and money into the wrong kind of renovations and losing money when it comes time to sell. Below you'll find information about which renovations are worth the investment and which ones are better left alone.

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General Renovation Guidelines

The first thing you need to do before starting renovations is to research your local housing market. You need to know how much homes in your neighborhood are valued at to avoid pricing yourself out of the market. Keeping your additions and modifications consistent with other properties in the area is always a good idea.

Next, ensure your home is fairly neutral in its colour scheme and decor. Taste is so subjective that it's best to create a blank canvas for potential buyers to project their personal vision. You want buyers to be able to see themselves living in the home and not be distracted by your decor.

Forget about adding extras like a swimming pool unless you plan to get a lot of use out of it prior to selling. This is because many buyers are turned off by the upkeep and safety concerns that come with having a swimming pool. A pool can easily turn off buyers, and you won't be able to recoup the money you invested.

When renovating, use environmentally friendly materials like low-VOC paints and energy-efficient appliances. This will appeal to buyers who are eco-conscious, as well as those who are looking to save on energy costs in the long run.

Renovating the Kitchen

The kitchen is one of the most important rooms in a house, which is why putting money into it can easily add value to your home. Make sure that the kitchen is well organized, has ample storage and counter space, and features newer appliances. For instance, buyers won't be impressed if you still have an avocado-coloured stove. When they see outdated appliances and fixtures, they wonder what else has been left untouched and worry that pricey repairs could be in their future.

In addition to making a strong impression on buyers, an updated kitchen also adds to the value of your home. In fact, a kitchen reno done well can be one of the most surefire ways to increase your property value. Experts recommend spending 10-15% of your home's value on updating your kitchen, which can give you a solid return.

Bathroom Remodelling

The bathroom naturally has a very important function in the home. It's utilitarian and gets used several times a day, but it can also be a space for relaxation and quiet time. This is why it's the most important room after the kitchen in terms of where you should invest your renovation dollars.

In some cases, sellers can recoup all of the money put into a bathroom renovation when they sell their home—though this depends on the extent and quality of the remodel. You should also consider adding a new bathroom if your house only has one. This will especially appeal to buyers with families who need the extra space.

Small changes, such as replacing your faucet or adding a fresh coat of paint, can make a big difference. If you need to replace things like your toilet and shower, opt for the low-flow versions to appeal to environmentally aware buyers.

You might also want to add extra touches to the bathroom, like a soaker tub or heated flooring. Make the bathroom clean, functional and tranquil, and potential buyers will be willing to pay extra for it.

Paint the Walls

The quickest and most cost-effective way to increase your home's value is to paint your walls. Wallpaper is another option, but it should be used with great caution. Buyers who see wallpaper on the walls may immediately worry about how difficult it will be to remove, so it's better to just stick with paint.

Neutral colours may seem boring to you, but they will appeal to buyers and brighten up the rooms. Painted walls can make an entire room feel new, even if the furniture or window treatments are a bit older. New paint also makes an area feel clean and spacious, so it should definitely be in your renovation arsenal.

You can expect to get most, if not all, of your money back when you paint your home.

Update the Floors

Carpeting has definitely fallen out of favour with most of today's buyers. Hardwood, laminate, and tile are just a few options for updating your floors, and new materials like bamboo and cork are quickly gaining in popularity as well.

If you have any questions about selling your home, be sure to call 403-217-0003 or contact us online. Curious what your home is worth right now? Check out our free home evaluation.

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