If you are considering selling your house, you know that this step often comes with a long, and sometimes costly, to-do list. You may have lied in your current property for years, or even decades and normal wear and tear that does not bother you daily may look less than appealing for a prospective buyer. When you are about to put your house on the market, you should definitely expect to do some repairs before listing it.
Since time and money are often of the essence, it is best t consider each home improvement project carefully before diving in. Some expensive repairs may not appeal nearly as much to home hunters as you may think. Besides, since you are not planning on living in your house much longer, it is always better to think with your head rather than your heart.
To help you with this process, we have gathered the top 5 home repairs you should do before selling your home to get the most bang for your buck.
1. Paint is your friend.
Paint is a great way to spruce up your home without breaking the bank. It is also a project you can often do yourself without investing too much of your time and energy. A fresh coat of paint in light, neutral colors will get rid your walls and ceilings of the scuffs and marks years of occupation may have left behind. It can also help de-personalize a space before selling: the bright colors you love, and the handmade fresco in the nursery may have brought you much joy, but they may not appeal to buyers that are trying to picture themselves living in your space.
Since peeling paint can also be an issue for borrowers with certain types of government-backed financing, you also make your property attractive to many potential buyers.
2. Curb appeal should be a top priority.
Before they even step into your house, potential buyers will already have formed their first impression based on what it looks like from the outside. Landscaping can have a significant influence on how they will perceive your house, and it could make or break the deal, especially if the buyers do a drive-by before picking which properties they would like to visit or not. Show the outside of your home some love by power washing the siding, keeping the lawn mowed and putting fresh mulch as needed.
3. Take care of the flooring.
Much like a fresh coat of paint can give a new life to your walls, refinishing your hardwood floors and replacing tired carpets can help sell your home quickly and for a higher price. Brand new-looking floorings will give house hunters the impression of stepping into a new construction home. Carpets also tend to absorb smells, especially if you have pets or are smoking, which may be off-putting for potential buyers.
4. All appliances should be in working order.
For some types of government-back financing like FHA or USDA, the lenders require all appliances and house systems to be in working order. The appraiser and home inspector will check if they are running. Before putting your home on the market, make sure that your furnace, heating and cooling systems, and kitchen appliances are all running smoothly and have been serviced recently. If they aren’t, it will slow down the closing process or buyers may bypass your property entirely.
5. Update your kitchen
Although a brand new kitchen is a costly investment, it is one of the few improvements that have a high ROI when it comes to selling a house. Do not fall into the trap of over improving, but a light kitchen remodeling can help get you the most bang for your buck. Try repainting your kitchen cabinets or putting stick-on tile for an updated look that will not break the bank.