Should I Remodel My Home Before Selling?

If you own real estate in Phoenix and are thinking of selling, a number of thoughts may come to mind. A common question involves whether to remodel before attempting to sell. There are certainly circumstances when you would want to make updates, but those decisions should be made carefully to ensure adequate return on your investment.

Basic ROI Strategy

ROI, or Return on Investment, should be your main factor when deciding whether you should remodel your home. How much will the market bear for resale with and without the remodel work?  Will it help gain a sale more quickly? If you do not gain significantly from the expense and time spent, it may be best to pass on the project or do less expensive facelifts. A trained real estate professional can help with this analysis before any decisions are made.

Cleaning and Staging

Fresh paint is the least expensive way to make your real estate in Phoenix absolutely shine. Touch up baseboards and trim as well and be sure the home is very clean. Eliminate any clutter and clear off counters and flat spaces. The home should be immaculately clean both inside and out, including windows. A thorough window cleaning can give the home a completely different feel to buyers. Landscaping should be neat as a pin. Another helpful sales technique is to use a professional staging service to arrange furniture, rugs and décor perfectly.

Dream Kitchens

A major kitchen renovation should be considered if the room hasn’t been updated in a long time or is in disrepair. Trying to sell a home with a shabby kitchen will be an exercise in futility and may cause major delays in receiving a satisfactory offer. Cabinetry should be replaced if it is damaged or poor quality. While new cabinets are a lovely addition to your real estate in Phoenix, you may get away with applying a high quality paint to provide an inexpensive facelift. Since the kitchen is the main selling point of a home it makes sense to invest a little more to make this room shine.

Bathrooms

Are any of the bathtubs chipped or unsightly? Old grout also tends to be an eyesore when trying to sell real estate in Phoenix so should be remediated before trying to sell. You may be able to use a bathtub refitting service to put an overlay product on the existing fixture, saving time and money.

Flooring

Damaged carpet or tile should generally be handled before listing the property. If the carpet can be cleaned successfully, you may offer a flooring allowance as a negotiating tool. If the carpet is ruined it is generally a best practice to have it replaced with something in a neutral color.

Selling real estate in Phoenix can be very lucrative, but it’s important to know what investments you should or should not make to make to the property before listing. For more expert advice, contact us today!