When you renovate your home in order to increase its value before you sell it, the number one thing to remember is to have a plan before you begin. This plan needs to include what you want to accomplish and your budget.
Fixing up your home in order to sell it can be done on any sort of budget, but you want to spend your money where it counts the most and in a manner that will get you the best bang for your buck when you do decide to sell.
- If your budget is larger and you intend to renovate your kitchen, it’s a good idea to consult an interior designer. Not only is the kitchen one of the most expensive components of a home to renovate, it’s the most important to many buyers and needs to be done properly. If you’re spending the money anyway, spend it well.
- If your budget is very small, don’t spend it all in one place. It’s better to consistently update all of your rooms rather than focus on one. This can mean a fresh coat of paint and updated colours, giving your entire home a touch-up rather than focusing on one room.
- Updating your fixtures such as light fixtures, light switches, faucets and furnace grates can make a huge difference for a smaller amount of money.
- If your roof needs repairs, your electrical work is not great or your plumbing needs to be replaced, don’t waste money on cosmetic fixes. Deal with the important things first, because buyers won’t pay what you want if they know there’s a huge repair cost looming over their heads.