Renovation Strategies That Can Help You Sell Your Property Faster

If you’re considering selling your home, you’ve likely already begun looking at the market and trying to see where you should price the property. However, you may have also considered doing some renovations that could help you increase your asking price from the outset.

Renovations on their own can be a great way to increase the value of your home, but not all modifications will necessarily bring in additional offers. When you’re getting ready to sell your property, it’s important to make the “right” improvements that will catch a buyer’s eye and make them more likely to want to try and close.

Below are some proven renovation strategies you can use to help sell your property faster and generate a good return on any investments you make when improving the home.

Make Your Property Move-In Ready

Put yourself in a home buyer’s shoes. If you were searching for a new place to call home, what are some of the things you’d look for? While you might not be afraid of a bit of DIY work, most people would prefer a home that is relatively move-in ready.

Taking this approach with the property you’re about to sell can be a powerful motivator for buyers to make an offer sooner rather than later. To do this, though, you’ll want to keep a close eye on the necessary maintenance tasks that need to be handled.

Try to have all of these wrapped up before you list your property, as you want to set a good first impression as soon as the property hits the market.

Put Love Into Your Kitchen

Not all the rooms in your house get used every day. However, one of the most used areas is your kitchen. Everyone needs to eat and entertain, and updating a kitchen space to make it more functional and aesthetically pleasing can go a long way in adding value to your property.

Most homebuyers typically look for a more modern look and feel in their kitchens, especially since they occupy a significant portion of the home’s footprint. When considering your renovation options,updating your countertops or cabinet surfaces is a great place to start.

Another common upgrade choice is to update any appliances to newer, stainless steel versions. These not only make the home feel more premium, but newer appliances will typically last longer than older models and be more energy-efficient.

Modernize Your Bathrooms

Much like your kitchen, bathrooms are another high-traffic area of your home. Buyers typically want a bathroom to be updated, practical, and free from issues such as water leaks or other plumbing problems.

When considering different renovation ideas, try to keep your bathrooms from looking outdated by updating older fixtures, adding a fresh coat of paint, or replacing any worn-out bathroom tiles on the floor or in the shower.

Sometimes, you may want to opt for more major bathroom renovations, such as moving sinks, toilets, and countertops, to create a completely new look. However, while this can be valuable, it is essential to consider all the potential costs associated with this type of project first. Whenever you need to remove and reposition plumbing and electrical work, there can be additional expenses associated with it.

Don’t Over Renovate

When you first move into a new property, or even before considering selling a home, it’s essential to consider any short- and long-term goals you may have for the property. While many people get excited about making their home look and feel a certain way, if you have any thoughts of potentially selling the property down the road, you should be cautious about the type and amount of changes you make.

While you may want to make your property show off your own unique style and tastes, you should remember that not all buyers may feel the same way about them. It’s essential when showing a property to create a blank canvas for potential buyers. It shouldn’t be hard for them to picture moving in.

If you make too many renovations that are centered around a very specific lifestyle, it may be hard for others to relate, which can reduce the number of offers you receive. Try to keep all the renovations you make practical and functional. This will help you avoid needing to find a very specific buyer in the future, which can be time-consuming and require significant resources.

Try to Create an Open Atmosphere

You’ll probably notice that most modern homes strive to incorporate open space concepts wherever possible. The reason for this is that it adds more flexibility for home buyers, giving them more room to move around, add unique furniture pieces, and customize the space to a greater extent.

If you have the means, creating an open atmosphere by removing non-supporting walls between kitchen, dining, and living room spaces can be a great way to add more versatility to a home.

Another way to stage your home before listing it is by clearing clutter from open spaces. You could install low-profile storage solutions and explore other ways to increase the walking space available for potential buyers when they tour the property.

Update Your Home’s Flooring

While you might be focused on room layouts, walls, and countertops when making new renovation choices, don’t forget about an important feature that’s right below your feet. Flooring is another important area of your home worth considering when you’re trying to sell your property.

Older homes with outdated carpeting or linoleum flooring can be a deterrent for new home buyers. Not only do these make the home look dated, but they can also result in a higher maintenance bill for the homeowner.

Consider updating your floors to hardwood, tile, LVP or modern laminate. This type of flooring adds character to a home, appears cleaner, and typically increases the property’s value.

Make Smarter Renovation Choices on Your Property

The idea of selling your current property and moving on to your next dream home can be exciting. However, to generate more interest in your listing, it’s essential to focus on the right renovation choices. By following the strategies discussed, you’ll maximize the value of your home improvement investments while increasing the likelihood of receiving more quality offers.

About the Author

Michael Alladawi, CEO & Founder of Revive Real Estate, is a Southern California real estate veteran with a proven track record as a builder, investor, and respected home flipper. Michael created Revive Real Estate to share his industry knowledge and help homeowners maximize their profits when selling their homes. Michael’s passion for his work is as big as his desire to create lasting partnerships. For Michael, it all comes down to how much value one offers, both in business and life relationships.