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8 Tips If You're Thinking of Renovating Before Selling

By Courtney Atkinson - Monday, February 13, 2017

If you’re thinking about selling your Lethbridge home, you’ve probably considered doing some upgrades before putting it on the real estate market with the hope of getting a higher price. But the last thing you want to do is invest money into your property and not get it back when you sell. Here are eight tips if you’re thinking of renovating to sell:

1: Do the Simple Things

It pays to fix the obvious issues. Patch the nicks and dents in the walls, replace the cracked switch cover, and put in new lightbulbs where they’re needed. These are the things that everyone should do when selling their home because they cost very little and, left undone, can taint the impression a prospective buyer has of your home.

Sometimes the best path is to repair, not remodel. Just do the things that put your home in the best condition it can be without altering anything.

2: Evaluate the Market

If you’re thinking of something a bit more extensive, compare your home with others in the Lethbridge real estate market, your local area, and your street. If you already have the nicest home on the block, it can be unpredictable how much more value you can get from your home with further upgrades.

However, if most similar homes have higher-end features, you can see what kind of prices they fetch and judge whether it’s worth investing in some upgrades to bump up your price.

3: Invest In the Kitchen

A renovation that often sees a good return on investment is in the kitchen. We spend a lot of time in our kitchens and they are an important factor for most buyers. A kitchen can make or break a decision. Changing the impression of your buyer could come as easily as installing new cabinet hardware. But if the kitchen hasn’t seen an upgrade in a few decades, new cabinets, countertops, lighting, tile, and more might be worth the investment to really make it a selling point of the property instead of an eyesore.

4: Focus On First Impressions

Curb appeal is another area that can have a big impact. The first impression people have of the house is what they see when they drive up. A welcoming entrance with good light and some greenery can set the tone for someone coming to look at your home. A well-maintained front yard will help too. But don’t get too carried away with extensive landscaping; it can be a tough area to get your investment back from.

5: Upgrade Floors and Fixtures

Another upgrade to consider might be flooring and fixtures. Replacing tired carpet with hardwood or quality laminate can really change the value of your home. And updating the lighting fixtures with something more contemporary can make a big difference without costing too much.

6: Keep It Neutral

Something to keep in mind is to depersonalize if you make any changes. It’s difficult for people to imagine themselves in the house when it expresses your very unique style. Neutral colours and currently popular finishes will help prospective buyers feel like this could be their home. Taking down any family photos can help too.

7: Consider the Personal Cost

One last thing to consider before making your decision about whether or not to do any renovations is the stress of doing major upgrades. If you still plan to live in the home while it’s being worked on, it can be very disruptive and might not be personally worth the increased dollar value you’ll see returned. Don’t discount the anxiety and inconvenience that can be caused by living in a space under renovation. Make it part of the equation before you make your decision.

8: Hire the Pros

Finally, make sure you use professionals. If you or your partner have these skills then you are fortunate because you can save a lot of money doing the work yourself. Otherwise, don’t go the DIY route because it will almost always show. You don’t want to invest in all the materials and your time only to see little increased value because it looks like it was done by an amateur. Let the pros handle it.

If you have any questions about selling real estate in Lethbridge, reach out to our team of award-winning Lethbridge Realtors at (403) 795-7777 or office@atkinsonteam.ca.

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