You are probably trying to decide what remodeling and maintenance projects you should complete prior to listing your home. Your main goal should be to make it as appealing as possible while giving potential buyers indications that your home is well-maintained.
I normally suggest avoiding high-cost remodeling projects such as a complete kitchen remodel. According to a 2019 “Cost vs Value” survey conducted by the National Association of Realtors, “virtually all remodeling projects cost more than the value they add”. Additionally, there is the likely possibility the choices you make on design and materials might not be appealing to potential buyers. Buyers may reject that property because they feel as though they would be paying for a remodel that doesn’t match their taste. Other projects that come to mind are the “hidden” upgrades like a new furnace or hot water heaters. The later, are good for the home but may not bring value to the bottom line.
Instead, I suggest that you should focus on projects that increase the cosmetic appeal of the home. Consider projects like painting rooms or updating the baseboards. These details freshen up the space and increase the appeal of the home without breaking the bank. Another cost-effectiveidea would be to update knobs and door handles and outdated light fixtures.
Every situation is different, and often it takes professional judgement to determine what work is necessary and what should be avoided. I specialize in this area. Call me for a complimentary evaluation of your home and a detailed recommendation of the work you should consider before putting you home on the market.
Flooring is another consideration that will give you a return on your investment. Consider cleaning or replacing carpets, refinishing hardwood floors, and applying an updated color stain will certainly provide that extra wow factor. Outside consider painting the front door, adding flowers, cleaning up overgrown bushes and general clean-up. Fixing broken items and catching up on deferred maintenance are also recommended. When a buyer discovers minor annoyances such as a loose doorknob, cabinets that don’t close properly or a light that is broken they will come away with the impression that the house has not been maintained properly.
Debbie is a Top Producer with the Marcus Team and has been honored with the South Metro Denver REALTOR® Association's Diamond Circle Award, the 5280 Magazine Top Producer Award, Homesnap’s top 25% National Award, as well as Coldwell Bankers' President’s Elite and Broadmoor clubs.