4 Updates Every Home Seller Must Do

Moving out of your home?

Are you relocating or moving out of your Haymarket property? If you are, you’re probably considering selling it.

Home selling can be a challenging experience. You have a lot of competition since there are many other homes for sale in Haymarket. You need your home to stand out and be more visually and pocket appealing than the rest of the homes to sell your house fast.

Fortunately for you, the online real estate community has many helpful tips and tricks on home selling. One of those is updating your home before selling it.

Updating has many advantages. It makes your home more enticing to potential buyers. It makes the home move-in ready, something that buyers love. Updating also helps sell your home for a good price.

Before you open your wallet and start any updates, you first need to find out which Haymarket property upgrade is best for your home. No idea?  Check out this article I found on HGTV about updates sellers must do.

4 Updates Every Home Seller Must Do

To get the biggest bang for your remodeling buck, try one of these four projects:

1) Mid-range Bathroom Remodel

Average cost: $10,499

Average resale value: $10,727

Percentage of cost recovered: 102.2 percent

Best return: 168.7 percent in San Francisco

Worst return: 61.7 percent in Cleveland

Spend money to remodel your bathroom and it’s likely to come back to you when you sell, particularly if you focus on the master bath.

For a 5×7 bathroom:

• Do two pedestal sinks with glass and wooden shelves to create openness and the perception that the bathroom is big.
• Slate-colored tile looks rich, matches a lot of color schemes and looks great with brushed nickel fixtures.
• Replace your 5×3 tub with a tile shower with glass doors.
• Replace the toilet. There’s nothing worse than a nice bathroom with a cheap toilet and plastic seat. Go to a home store for a reasonably priced toilet. You don’t have to spend $500 for a good result.

In many homes, it’s a better investment to update what you have than to spend more to add on. For example, adding a bathroom to a one-bathroom house in a neighborhood where most homes already have two may not return as much as remodeling an outdated bathroom in that same community.

2) Siding Replacement

Vinyl siding job cost: $7,239

Vinyl average resale value: $6,914

Percentage of cost recovered: 95.5 percent

Best return: 140 percent in Orlando, Fla.

Worst return: 44.3 percent in Philadelphia

Fiber-cement siding job cost: $10,393

Fiber-cement average resale value: $10,771

Percentage of cost recovered: 103.6 percent

Best return: 166.6 percent in Birmingham, Ala.

Worst return: 42.6 percent in Philadelphia

Fiber-cement siding can resemble stucco, wood siding or cedar shingles. It resists fire and some brands offer 50-year guarantees. However, it’s trickier to put up than vinyl siding (you’ll need diamond blades for your saw and a respirator for yourself). And it’s more expensive and can have freeze/thaw issues if not properly installed.

3) Minor Kitchen Remodel

Cost of a minor kitchen remodel: $14,913

Average resale value: $14,691

Percentage of cost recovered: 98.5 percent

Best return: 152.7 percent in San Francisco

Worst return: 58.1 percent in Detroit

If your kitchen has good flow and functions well, a minor remodel will pay off at resale.

• Reface the cabinets with new doors and drawers.
• Put in new stainless steel appliances.
• Update with resilient flooring and laminate countertops.
• Finish with neutral wall paint.

It’s easy to overspend remodeling the kitchen, but you can’t go too low-end or the kitchen will look cheap. On the other hand, don’t spend thousands for luxury fixtures, like marble countertops, unless you’re in a high-end property.

4) Attic Bedroom

Cost of attic bedroom: $39,188

Average resale value: $36,649

Percentage of cost recovered: 93.5 percent

Best return: San Francisco 151.6 percent

Worst return: Allentown, Pa. 58.8 percent

Turning an unfinished attic into a bedroom and bath really pays off in hot housing markets.

The payoff for remodeling this existing space is higher than the payback for adding new space. Even putting in a modestly priced master suite typically costs about twice as much as finishing an attic and the return (82.4 percent) is lower.

Read more about this article here: https://www.hgtv.com/design/real-estate/4-updates-every-home-seller-must-do