Should I Make Home Renovations Before Selling?

Are you looking to sell your home? In 2020, 5.64 million existing homes were sold in the United States. There are many homes still on the market, so you need to make yours stand out.

If you’re interested in making your home stand out, consider home renovations. Continue reading to learn more about how home improvements can help you.

Should I Make Home Renovations Before Selling?

Yes, you should make home renovations before selling your house. It will provide you with many benefits when you’re ready to put your home on the market.

Your home will sell faster than those that need repairs or updates. Buyers will be able to imagine living inside your home because it’s ready to live in. Also, most buyers want a move-in-ready home and don’t want to flip fixer-upper.

Although you may hesitate to spend the extra money to renovate, it will help you make a profit when selling. Updating the quality of your home will increase your home value. Both indoor and outdoor renovations can help increase the value.

Those who make home renovations should see a return when selling their property. According to research, those that made home renovations saw a 56% payback. You should think of home improvements as an investment.

What Home Repairs Should I Make?

home renovations

When making home repairs and renovations you should be practical. Even small changes can increase your home’s selling profit. Here is a list of a few value-added renovation ideas:

Kitchen

If you have an outdated kitchen, consider making plans to have a full kitchen remodel. A full kitchen model, on average, increases the resale value by 4.8%.

If you don’t have the budget, there are minor improvements you can do to your kitchen. You can still have the benefits of resale value by repainting and replacing counters and backsplashes.

Bathroom

There are a few bathroom improvements you can make to your house. First, you can add a half bathroom to your home. Sellers saw a 2.9% increase in value upon completion.

Another option for your home is a full bathroom remodel. On average, homeowners saw a 4.8% increase in value.

If these home improvements don’t fit your budget, there are other things you can do to your bathroom. Simple home improvements can be retiling the floor or updating the shower.

Basement

Another interior improvement you can make to your home is finishing the basement. On average, sellers who had a finished basement had a 6.6% value increase.

A finished basement can look different based on the homeowners’ preferences. Regardless, you should make certain your basement doesn’t leak or flood. Leaking can be a potential concern for buyers and decrease home value.

Learn More About Home Renovations

We hope we inspired you to make home renovations to your home. Renovations are a great way to improve your chances of selling your home quickly and making a profit.

When you’re ready to start making home improvements, contact us. Here at Tru Builders, we help our clients improve their homes.