Every home seller wants to get the highest possible price for their property. There are times when spending money before you list can have a tremendous impact. Making some necessary improvements allows your home to show in the best possible light. Once a buyer sees old plumbing or electricals, they often feel that the rest of the home will need updates as well. Even if that isn’t the case this is the impression they have and their offer will reflect it. By spending money making improvements before you list it often results in a much higher purchase price. Here are some improvements you should consider before listing your home.
Roof, Walls & Structure.The two primary concerns for every buyer are price and safety. The first step in maximizing your sales price is updating the roof, walls and structure. No buyer wants to spend money repairing a leaky roof or dealing with a structural issue. The only way they would consider this is if they get your property at a deep enough discount. An old rotten roof is clearly visible from the exterior. Even if the roof is in ok condition you should consider give it a fresh look. The same is the case with potential cracks in the foundation or issues with interior walls. These fixes can be expensive but they will have the greatest impact on your sales price.
Electricals.If the electricals are old, the rest of the house will feel the same. It is possible that you haven’t given this a second thought since you took ownership of the property. Take a walk around the house and look at the fuse box and electrical panels. In many cases updated these areas can be an easy and inexpensive fix. Switching out the plates is something anyone can do with a screwdriver and a few minutes.
Windows.The windows are another big ticket item that buyers don’t want to have to pay for. By the time a buyer is done with the down payment and closing costs there is often not much left over for the windows. In markets where the competition is heavy buyers will often choose the property that is the most ready to move into. With the way windows are made today they can last decades. This not only is cost effective for buyers but is one less item they have to worry about. New windows can give you a tremendous boost to your list price.
Front Door and Exterior. Spending a little money on the exterior can pay off tremendously. Sellers often neglect the exterior of the property deciding to focus only on the interior. Seemingly little things like the front door often have a big impact. For a few hundred dollars a new front door can completely change the curb appeal of you property. The same is the case with shutters, landscaping and the overall condition of the yard. The next time you pull up to your property take note of the first thing you notice. This is what buyers will see as well. If you can update or change the exterior the first impression will be a good one.
Treat your home sale like an investment. There are times when spending money can give you a much greater return on that investment. Before you make any improvements consult your local real estate agent so they can give you an idea of which items give you the best bang for your buck.