As homeowners in Houston contemplate selling their properties, considering upgrades is often the first step to boost their home’s appeal. However, it’s crucial to strike a balance and avoid investing in upgrades that won’t yield a substantial return on investment. To help you make informed decisions, we’ve compiled a list of three upgrades that are worth investing in and three that you should consider skipping.
We have put together our list: of 3 upgrades to invest in and 3 to forget about.
3 Upgrades to Invest In:
Paint: A Fresh Start
One of the most cost-effective and impactful upgrades is a fresh coat of paint. Opt for neutral colors that can brighten and rejuvenate any room. Neutral tones create a blank canvas for potential buyers to visualize their own styles. Additionally, a new coat of paint effortlessly covers dings, nail holes, and other minor imperfections, giving your home a polished look.
Kitchen & Bath Facelift: Affordable Elegance
While the kitchen and bathrooms are essential selling points, you don’t need a complete renovation to make a significant impact. Consider smaller upgrades, such as replacing faucets and drawer pulls, or resurfacing cabinets to breathe new life into these spaces. Some appliance manufacturers offer alternate colored faceplates, allowing you to create a cohesive look without breaking the bank.
In the bathroom, you can refresh the space by adding vinyl tiles over existing flooring, deep cleaning the grout, and fixing any damaged tiles or hardware. For a shower upgrade on a budget, consider installing a pre-fabricated cover, saving both time and money.
Landscaping: Curb Appeal Matters
First impressions matter, and investing in landscaping can instantly enhance your home’s curb appeal. Simple touches like planting flowers or using fast-spreading ground covers can transform the appearance of your front yard. Trim trees and bushes, and keep the lawn well-maintained. Depending on your climate, low-maintenance options like succulents or decorative rocks can add charm to the exterior. Consider small touches like a fresh coat of paint on the mailbox or adding hanging plants and a bird feeder to entice potential buyers.
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3 Upgrades to Forget About:
Finishing the Basement: Costly and Ineffective
While a finished basement may seem like a valuable addition, the return on investment is often disappointing. This major project can be both expensive and time-consuming, and many homebuyers prefer to customize the space to their own preferences. When pricing your home, account for the unfinished basement, and inform potential buyers that the price reflects this aspect.
Patio, Deck, or Pool Addition: A High-Cost Investment
Avoid investing in a new patio, deck, or pool before selling your home. These upgrades can be expensive and may not significantly increase the asking price. Instead, focus on tidying up open areas with landscaping, pavers, or plants. Let the new homeowners decide whether to build a deck or pool based on their preferences and needs. Furthermore, pools can deter potential buyers due to safety concerns and the maintenance involved.
Major Kitchen or Bathroom Renovation: Not Necessary
Completing a major overhaul of your kitchen or bathrooms may not be worth the cost, as buyers often have their own design preferences. Unless your kitchen or bathrooms have severe water or fire damage, consider more affordable facelift options. Offering a credit to potential buyers to upgrade these spaces according to their tastes can be more appealing than a complete renovation.
In conclusion, when preparing your home for sale, it’s essential not to over-improve. Invest wisely in upgrades that can make a significant impact without overstretching your budget, and focus on enhancing the overall appeal to attract potential buyers.
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About The Author
Lisa is a dedicated real estate professional specializing in assisting homeowners with burdensome houses and complex situations. Lisa and her team provide valuable guidance and solutions to homeowners navigating challenging real estate circumstances. Her commitment to delivering efficient and professional assistance makes her a trusted partner in helping homeowners find optimal resolutions for their property challenges.