When you’re ready to sell your home, you may decide to upgrade some features or interior finishes to make the property more attractive to potential buyers.
Although that may be a good idea, upgrading your home’s finishes can be a gamble that requires a large investment of both money and time. And while it’s true that some renovations can increase your home’s value and salability, some can work against you.
Here are some of the most popular and cost-effective upgrades that will increase your house’s value and appeal.
Choose Upgrades that Will Add Value
However much you may have budgeted for interior upgrades, you can maximize your investment by choosing those upgrades that add the greatest value and provide the highest return on investment when you sell your home.
Another insider trick for choosing the right upgrades is to visit model homes in your area. It’s safe to assume that if interior designers are using a certain material or décor style in new model homes, those are the finishes that will help sell your home too.
Beware of Fads and Trends in Interior Upgrades
The biggest mistake that home sellers make is spending money on the interior design trends that are oh-so-five-years-ago. For example, a glass mosaic tile backsplash and granite countertops may not be the most cutting-edge of trends.
When you invest in upgrades to sell your home, remember that it’s not about what you like. It’s much more important to understand what your ideal buyer would like.
If you have any especially dated features in your home, that’s the place to start with your upgrades. No matter how much you may love your whitewashed cabinets and slate tile, they don’t play well with today’s real estate buying audience.
Choosing the Best Interior Upgrades to Sell Your Home
Depending on your budget for renovations, consider those projects that will make potential buyers perk up and take notice.
If you can add additional storage, don’t hesitate to do so. If you can easily open up your floor plan, this will bring you a larger buyer base.
If your budget is truly limited to finishes, as opposed to structural changes, stick to the colors and finishes that will appeal to the largest number of potential buyers.
Neutral color palettes are the choice of today’s buyers. That does not, however, mean earth tones. Consider using shades of gray paired with cool cream or bright white tones. Carpet has become generally undesirable, but if you must use some carpet, limit it to the bedrooms only. For living areas, tile has given way to wood or laminate flooring.
If you need a professional opinion on how to most effectively upgrade your home for the purpose of selling, contact a professional Realtor® in your area.
In Yorba Linda, the Edie Israel Team understands exactly what today’s buyers demand. We also understand how important it is for you to invest wisely in any home renovations or upgrades. We can provide recommendations for those upgrades that will provide you with the best opportunity to sell your home.