If you are a homeowner planning to put your property on the market, then you’re probably asking yourself if you should remodel your home. It’s a pretty serious question that can keep you up at night. In many ways, remodelling is a risk that homeowners have to take. There is no real guarantee that you will get the amount that you want your home for.
So what should you do? Here are some things to consider when you are deciding to remodel your home or not.
3 Questions You Should Ask Yourself
Before you come up with a decision, ask yourself the following questions:
- How does your home stack up to the competition?
- Have other resale properties in your area been updated?
- Are there new construction options in your area that potential buyers could be looking at?
These three questions will help you figure out if remodelling is something you should do. If you find that the houses for sale in your area have better features than yours, then you have to give your own home an edge. If you also notice that the many of the properties in your neigborhood have been remodelled, then that tells you that buyers are looking for homes that have been updated. Lastly, if you know that there are construction projects in your area that offer brand new homes, then you have to give potential buyers a reason to check out your house.
After you have decided to remodel your home, you might be wondering which remodelling projects are worth it. You are, after all, probably working within a budget. So you should update the areas in your house that make will make the most out of your expenses.
What You Should Remodel in Your Home
When it comes to remodelling your home, you have to choose to update the areas that potential buyers scrutinize the most – the kitchen, master bath, and the home’s exterior.
1. Recreate Your Kitchen
Updating an old kitchen is one of the best – if not the best – ways to increase the value of your home. When planning a kitchen remodel, you should first decide if you want to simply make it aesthetically pleasing or if you want a major overhaul.
If you just want to freshen up the look of your kitchen, you can change the fixtures, cabinets, and countertops. You could also splash a dose of color with a fresh coat of paint. These updates will get your buyers’ attention, while keeping the expenses manageable.
You can also choose to do a major overhaul. A complete kitchen renovation will cost you a lot of money, but it does help raise your asking price.
2. Master Bath Makeover
All potential buyers care about the bathroom, especially the master bath. Buyers will often picture themselves living in their private space, so having an updated master suite is money well spent.
3. Crank Up the Curb Appeal
First impressions have a great impact on whether or not potential buyers will make an offer, so having great curb appeal is one of the easiest ways to make your home stand out of the competition. The good news is that there are many affordable projects that can improve curb appeal. You can simply wash the exterior walls, clean out the overgrown brush, and paint your trim and siding. Even planting additions to your landscape can go a long way.
Remodelling your home can definitely improve its chances to be sold faster and for top dollar within its price range. You should, however, be realistic and know that you may not recoup all your expenses for the remodelling.
If you don’t want to remodel at all – or you don’t want to take the risk – you should sell your home to Blue Hen Homebuyers. Blue Hen Homebuyers accepts properties in any condition. Contact us today for an offer!