Renovating a home before selling it can be a smart investment, but it's important to approach the project strategically. Here is a list of do's and don'ts to consider when renovating a home you want to sell:
Do's:
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Do make necessary repairs: Before starting any major renovations, make sure your home is in good condition. Address any necessary repairs, such as fixing leaks, repairing damaged walls or floors, and ensuring that your home's HVAC system is in good working order.
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Do focus on kitchen and bathroom updates: Kitchens and bathrooms are key selling points for most homes. Focus on making updates to these spaces, such as updating cabinets, installing new countertops, and replacing outdated fixtures.
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Do keep the style neutral: While you may love bold colors and unique design features, it's best to keep the style of your home neutral when renovating for resale. Choose neutral colors for paint and finishes, and opt for classic design features that will appeal to a wide range of buyers.
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Do hire professional contractors: Unless you have experience with home renovations, it's best to hire a professional contractor to handle major renovations. A good contractor can help you make informed decisions about the scope and budget of your project, and ensure that the work is done to a high standard.
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Do focus on energy efficiency: Many buyers are looking for homes that are energy efficient, so consider making updates that can improve your home's efficiency. This can include installing new windows and doors, updating insulation, and upgrading your HVAC system.
Don'ts:
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Don't over-improve for the neighborhood: While you want to make updates that will improve the value of your home, it's important not to over-improve for the neighborhood. If your home is already one of the more expensive properties in the area, making extensive renovations may not yield a good return on investment.
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Don't overlook small details: While major updates can make a big impact, don't overlook small details that can make your home feel more polished and well-maintained. This can include things like replacing outdated light fixtures or hardware, repainting trim or doors, and updating landscaping.
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Don't ignore your budget: Renovating a home can be expensive, so it's important to have a clear budget in mind before you start. Stick to your budget and prioritize updates that will yield the highest return on investment.
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Don't forget about curb appeal: The first impression buyers will have of your home is its curb appeal, so don't overlook this important aspect of the renovation process. Focus on improving landscaping, replacing a worn or outdated front door, and making sure the exterior of your home is clean and well-maintained.
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Don't make major layout changes: While it can be tempting to make major layout changes during a renovation, such as knocking down walls or adding rooms, it's best to avoid these types of changes. They can be expensive and may not appeal to a wide range of buyers, limiting your pool of potential buyers.