Are you considering selling your home? Before you display that For Sale sign, you might need to make a few upgrades. While it might sound like a hassle and require a little bit of cash up front, it can increase the value of your home and even attract potential buyers. If you’re having trouble selling your home, upgrades can be effective at improving the number of potential buyers quickly. Here are five of the most effective projects to sell your house fast!
Update the Kitchen
Every buyer will be attracted to an updated, gorgeous kitchen. Look at what styles are selling in your area, and update your kitchen fixtures to match. There is no need to gut the entire kitchen or spend a fortune. Even a couple cheap kitchen updates can breathe life back into a space.
Renovate Your Bathroom
After an updated kitchen, a well-renovated bathroom to a great way to draw in buyers. While remodeling a bathroom might be a massive undertaking, it can substantially increase the value of your home. Plan to set aside a decent amount of money for your makeover, but also keep in mind that you don’t have to redo the entire bathroom. A few choice upgrades can go a long way.
Replace Your Carpets
If your home has carpets, think about replacing them before selling your home. Potential buyers will love the fact that the carpets are new and might even offer more money for your home. After all, who wants to walk on dirty, potentially disease-ridden carpet? This holds especially true if you have pets or small children who have done a number to your flooring. No one wants to move into a house with mystery stains all over the bedroom.
Install a New Roof
This is not a DIY project unless of course, you’re exceedingly handy. We aren’t going to lie, laying down a roof is a multi-day, intensive project, and often you will need to hire roofers to at least help you. It cost on average $7,323 to install a new roof, which can seem like a lot of cash for something that isn’t even going inside your home. But, having a new roof is a huge plus for potential buyers and can potentially help you make a sell.
Add a Bathroom
If you have space, adding another bathroom to your home can be a significant investment. Not only will it bump up the price of your home, but it could also help pull in potential buyers. But, adding a bathroom can be exceedingly expensive, as much as $59,000, which might be able to be spent better elsewhere. Houselogic says that adding a bathroom only makes sense in some instances. You should always check the market value of the homes around you before jumping on the bandwagon and splurging on another bathroom. However, if it fits, it can pull in more buyers.
OK, now what?
Now it is time to figure out how much money you can make from selling your home. First, look at what similar homes are selling for in your area. Then, decide how much to list your house for. If you have a realtor, they can help you in this process. Deduct any mortgage or loans you have in your home since you’ll have to pay those off after you sell. You might also want to check and see if there are any taxes you have to pay after selling your home, as these can vary from area to area. Once you deduct all that from your listing price, you have how much money you’ll make. You can also check out online calculators to give you an idea of how much you can make from selling your home.
Upgrading your home can be time-consuming. But it is beneficial if you are having difficulty selling your home or would like to list it for more than it is currently worth. For many people, upgrading your home before you sell makes sense.
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