As a smart seller, you’ll want your home at its’ best — but you don’t want to eat into your profits by overspending on home improvements. You won’t be around to enjoy them anyway. The key is to focus on the most important repairs to make before selling a house to ensure every dollar you spend supports a higher asking price. Good staging and smaller, less expensive updates can go along way in getting the most return on your investment.
But how do you know what things to do before putting your house on the market?
Prioritize the updates below — and consider letting the rest go.
#1 The Most Important Repair to Make Before Selling: Fix Damaged Flooring
Scratched-up wood flooring; ratty, outdated carpeting; and tired linoleum make your home feel sad. Buyers might take one step inside and scratch the property from their list.
Want to know how to increase the value of your home?
Install new flooring. Buyers don’t want to deal with replacing carpet, and giving an allowance is generally not attractive enough. Spring for new, neutral carpeting or flooring. If your home already has hardwood floors, refinishing does the job. Expect to spend about $3,000 on the project — and recoup 100% of the cost, according to the “National Association of REALTORS® Remodeling Impact Report.”
Consider swapping any old flooring for new hardwood. This project costs more at around $5,500, but you could recoup more than 90% of that at resale. If that’s not in the budget, any flooring update makes an enormous difference.
#2 Fix Water Stains
You’ve learned to live with the results of a long-fixed plumbing snafu, but for buyers, a water stain suggests there could be a dozen pesky problems hidden beneath the surface. That’s why this is one of the things to do before putting your house on the market. Because, lets face it…nobody wants a money pit!
First, make sure the problem is fixed: Bring in a plumber to look for leaky piping (expect to pay approximately $300 to fix a pipe, more if the problem is more serious- a roof leak perhaps?) As for the repair work, replacing a water-stained ceiling runs about $670, and drywall costs around $1.50 per square foot. These are all repairs that would most likely be detected in a home inspection and well, better to take care of now then later and risk losing a sale.
#3 Repair Torn Window Screens
So super inexpensive — and even DIY-able. You can purchase a window screen frame repair kit from a home improvement store for $10 to $15. Considering the simplicity of this repair, making the fix is always worth it —and so are other small but highly visible issues. When you’re debating how to increase the value of your home, nix any small problems, snags, or ugly spots that might make buyers scrunch up their brows.
#4 Update Grout
Is your grout yellowing or cracked? Buyers will notice. New grout, on the other hand, can make old floors look like new. This is another small fix with a big impact: Simple bathroom re-grouting may cost just $1 to $2 per square foot, increasing to $10 per square foot for more complicated jobs. And if you’re handy, you can save even more DIY-ing it.
#5 Resuscitate a Dying Lawn
Nothing says, “This one’s gonna take some work” like a brown, patchy, weedy lawn. Fixing the problem doesn’t cost a ton of money — and you’ll get it all back (and then some!) once you sell. Hiring a lawn care service to apply fertilizer and weed control will cost about $375 depending on the size of the lawn. Once you sell the home, that comparatively cheap fix could recoup $1,000. That’s an unbeatable 267% return on investment.
#6 Erase Pet Damage
Did your (sort of) darling kitten scratch your bedroom door? Fix the damage before listing your home. If you have any pet damage, buyers will come to expect there will be more. And suddenly the carpet will be suspect to lurking odors, stains and allergens. Refinishing a door costs between $100 and $215 (or less, if you’re willing to DIY). Replacing pet-damaged carpeting or hardwood may be a bigger job then buffing out some scuffs — but it’s worth the cash.
#7 Revive an Outdated Kitchen
A full kitchen renovation is rarely worth it when it comes time to sell —even though buyers love a fresh look. The problem is, this $65,000 upgrade isn’t something that buyers will pay you back for. Sellers recoup about 62% of a full-on kitchen renovation. The fact remains, kitchens are still one of the most important features for buyers. So, if you’re updating the space just for your sale, focus on low-cost, high-impact projects instead. Painting wood cabinets, updating hardware, or installing new countertops or appliances can be enough.
Setting up your home for selling success doesn’t have to be expensive. Focus on the most important repairs to make before selling a house by picking projects that do more than look pretty. Choose updates that get your home in selling shape and justify a higher asking price.