Thinking About Renovations Before Selling Your House?
In a market that’s shifting rapidly, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in.
They can help you evaluate current market conditions and guide you on what you should – and shouldn’t – do before selling your home.
What You Need To Know About Your Local Market
Since the supply of homes for sale has increased this year, buyers now have more choices than they did last year. That means some repairs or cosmetic updates that sellers could once ignore may now need attention.
As a recent article from realtor.com states:
“To stand out in the market, sellers should make their home attractive to buyers, which usually means some selective updates.”
Key takeaway: It’s still a sellers’ market, so a few strategic updates might be all you need to attract buyers — especially if local inventory remains low.
Not All Renovation Projects Are Equal
Beyond first impressions, it’s important to consider the return on investment (ROI) for any renovations. According to the 2022 Remodeling Impact Report from the National Association of REALTORS®(NAR), here are the top projects that yield the best returns:
Your agent will guide you through this by:
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Walking through your home
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Recommending key fixes
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Sharing market insights and buyer expectations
As Dr. Jessica Lautz, VP of Demographics and Behavioral Insights for NAR, says:
“This year, the winner was hardwood flooring. Hardwood floor refinishing and putting in new wood flooring had the most significant value, . . .”
How To Draw Attention to the Upgrades You’ve Made
Whether you’ve already completed updates or are planning to do so, your real estate professional will ensure they’re highlighted in your listing.
They’ll help:
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Showcase your upgrades in photos and descriptions
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Explain the value of those improvements to buyers
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Make your home stand out in a competitive market
Every home is unique. The right agent will give you tailored guidance to help you make smart, market-savvy decisions.
Bottom Line
In today’s shifting market, it’s important to spend your time and money wisely when getting ready to sell.
Let’s connect to figure out where you should focus your efforts before listing your home.
