The Real Costs of Making Home Improvements Before Selling

The Real Costs of Making Home Improvements Before Selling

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So, you’ve decided that you’re ready to make a killing in the real estate market. Good for you! Now you just have to figure out how you’re going to do it. In almost every case, would-be sellers have to prepare their homes for the market. That means fixing any number of issues or adding additional features to attract buyers. If you’re not sure what kind of home improvements you should make to your property, we have a few ideas that might help. The following are some of the top remodeling strategies that owners use when they want to make home improvements buyers will notice.

Remodeling the bathroom is a common strategy for many homeowners who want to sell. A fairly basic remodeling job might include replacing the bathtub. It could also include new tiling or new water features such as sinks and toilets. All of this is likely to cost about $10,500 and is only likely to increase your profits by a few hundred dollars after you factor out the costs. However, many sellers are willing to do whatever it takes to boost their bottom lines.

Landscaping is likely to cost you about as much as it ends up adding in value, but at least it looks good from the outside. This kind of aesthetic value is called curb appeal, and it can be vital to attracting buyers. You might not make more money by landscaping, but you could be much more likely to attract an offer.

Remodeling your kitchen is likely to cost you more than the amount of value that it adds to your home. However, like landscaping, it improves an area of your home that buyers are most likely to appreciate. Since kitchen remodeling can cost as much as $60,000 in some cases, it’s best not to pursue this option unless you want to sell and can afford to take the hit. However, it should be noted that minor kitchen remodels may only cost a quarter of this amount.

Alternatives to Costly Home Improvements

If you’re starting to feel like home improvements are too expensive for the amount of money they’ll bring in, you’re not alone. Many people are frustrated by the costs of home improvement, especially when it may not even result in profit. However, there’s an alternative: sell your house to a buyer who will take it as-is. Professional Home Buyers will purchase houses in any condition, then turn them into turnkey real estate solutions. You can sell your house without making expensive improvements, and it can become a rental property that raises the profile of the whole neighborhood.

You don’t have to spend money to make money when it comes to real estate. If you can’t afford to spend thousands on a home you don’t want to own anymore, consider selling to a company that will buy it just the way it is.