Every homeowner faces this question at some point: It is worth making improvements before selling, or is it better to just sell as-is? The answer depends on what upgrades you’re considering, and a host of other issues too—such as what’s happening in your neighborhood, and how fast you want to sell.
At McGraw REALTORS, our team provides experienced advice on this question because when you do it right, you’ll earn a strong return on your investment (ROI). Here are the top upgrades to help you sell your home quickly and for the best price.
Strike a Balance Between Upgrades and Repairs
Preparing a house to sell requires balancing two needs—maximizing profits and ensuring it appeals to buyers. The goal is to do only what needs to be done so that the property will quickly and easily sell at your preferred price.
So, as you choose what to do before putting it on the market, keep these general rules in mind:
- To boost asking price, look for the ROI — Some home improvement projects produce a higher return on the investment you’re making. Choose the ones that are likeliest to earn you a higher sales price. (We’ve listed them below.)
- Maintenance may not add value, but it helps a home sell — Repairing or replacing essential items, such as a broken furnace, won’t make your home stand out as exceptional. But it’s necessary if you don’t want to be lowballed.
- Seek trusted guidance — To help you pinpoint exactly what your home needs, consult with an experienced REALTOR in your area to learn what buyers are most drawn to. And check out resources like the annual Cost vs. Value Report to help you make an informed decision.
Top Home Improvements to Improve Resale Value
Garage Door Replacement
Averages 93-94% ROI
Curb appeal and comfort are both key to drawing in potential homebuyers. An attractive, freshly painted, motorized garage door provides both. Equip it with a modern garage door opener that is simple to program.
Manufactured Stone Veneer
Averages 92% ROI
Another great way to make your home look gorgeous from the curb is to upgrade its exterior design. This is especially smart if you currently have vinyl siding, which doesn’t age well. Replace it with elegant, eye-catching stone veneer—which makes a home look luxurious without the high cost of genuine stone.
Fiber Cement Siding
Averages 69% ROI
You may have heard friends and neighbors talking about James Hardie® siding. It’s the number one choice for homeowners across the country, because its fiber cement makeup holds up beautifully over the decades. It also protects against insects, weather and other damaging elements. These are major benefits that home buyers appreciate.
Averages 72% ROI
So much time is spent in a home’s kitchen—meaning it can make or break whether people are willing to offer solid bids on your property. The best way to earn top ROI is to ensure the kitchen looks attractive and functions well, without overdoing the upgrades. Think light colors, fresh paint, modern backsplash, refaced cabinets, new countertops, new flooring, and modern hardware.
Averages 68% ROI
There’s no denying that worn out, old siding is a major turnoff to most homebuyers. So, if you’re dealing with rotted wood panels, or some other form of aging siding, replacing it with new vinyl boards can be a cost-effective approach. Vinyl is more budget-friendly than fiber cement or stone veneer, yet it still gives your exterior a facelift.
Averages 68-69% ROI
If your home has old, broken, or dull-looking windows, potential buyers may decide to pass. After all, replacing windows is a significant improvement project that may be too much for a new homeowner to take on. Ease this burden and make your property more appealing by opting for affordable, lovely, practical new vinyl windows.
Averages 64% ROI
Consider giving a minor facelift to your bathrooms—especially if they are looking super dated or drab. While a major renovation is unlikely to pay off, small visual upgrades can be beneficial, such as hanging a new, stylish mirror and installing new hardware. Fresh paint that brightens the room is a plus too.
Add New Landscaping
Averages up to 100% ROI, depending on what you choose to add
A neat, well-kept lawn, trimmed trees and bushes, and bright flowerbeds create strong curb appeal that makes a home for sale stand out. And well-maintained outdoor spaces tell homebuyers that you have cared for your property—an important benefit they won’t overlook. The key is to plant items that are easy for the new owners to maintain, such as small tulip trees or dogwoods, seasonal flowering shrubs like azaleas and hydrangeas, and hearty grasses.
Apply Fresh Paint
Averages 1-3% ROI — but it immediately appeals to homebuyers
While new paint inside and outside won’t dramatically boost your asking price, it does create a gentle bump up in the offers you receive—because it helps purchasers see your property in its best light. Choose colors that blend well with your neighborhood, accentuate your architecture’s key features, and make interior rooms look bright and spacious. Don’t forget a pop of contrasting color on your front door, which helps pull the overall look together.
Expert Guidance to Sell Your Home Fast and Easy
When you’re ready to sell your home, don’t go it alone. Working with a REALTOR helps ensure you get the best price, smooth negotiations, and top-notch service that frees up your time so you can concentrate on what matters most.
At McGraw REALTORS, our team consists of highly experienced, savvy agents who make it simple to sell your property. Discover the McGraw REALTORS in your area, and let us know how we can assist you in finding the right buyer for your home.