Seven repairs to make before selling a house
As a smart seller, you’ll want your home in tip-top shape, 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. But how do you know what things to do before putting your house on the market? According to House-Logic, the National Association of Realtors consumer website, prioritize these updates and consider letting the rest go.
1. Fix damaged flooring. Scratched-up wood flooring, ratty, outdated carpeting, and tired linoleum make your home look bad. 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. Wax and buff your hardwood floors yourself to save money. Use wax suited to your floor and finish. Expect to spend about $3,000 on the project and recoup 100 percent 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 approximately $5,500, but you could recoup more than 90 percent 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. First, make sure the problem is fixed. Bring in a plumber to look for leaky piping or poor yard drainage if your basement is damp. Diverting rainwater from your foundation may cost as little as $800, and repairing a leaking pipe costs approximately $300. As for the repair work, replacing a water-stained ceiling runs about $670, and drywall costs approximately $1.50 per square foot. All are cheaper than a lost sale.
3. Repair torn window screens. This fix is super inexpensive and something you can do yourself. 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 they came straight from the showroom. This is another small fix with a big impact. Simple bathroom regrouting 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 doing it yourself.
5. Fix your dying lawn. Nothing says “this one’s going to 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 once you sell. Hiring a lawn care service to apply fertilizer and weed control will cost about $375. Once you sell the home, that comparatively cheap fix could recoup $1,000. That’s an unbeatable 267 percent return on investment.
6. Erase pet damage. Did your darling kitten scratch your bedroom door? Fix the damage before listing your home. 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 than 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 percent of a full-on kitchen renovation. If you’re updating the space just for your sale, focus on low-cost, high-impact projects instead. Simply painting wood cabinets, updating hardware, or installing new countertops or appliances could 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.
This article was provided by the Warren Area Board of Realtors.