If you are thinking of putting your house on the market, you may be thinking of making some changes and updates first in order to raise the value and make finding a buyer easier. But while it is true that the right updates will help you fetch a higher price, arriving at which upgrades are "the right upgrades" is not always simple. Here are three things to do before you update your house to sell.
Set a budget.
One day you decide to re-tile the bathroom floor, and the next thing you know, you're replacing the baseboards and trim, too! Projects have a way of piling up, and each one adds to your total cost. So, before you make any updates at all, it's important to set a budget. Decide exactly how much you can afford to spend. Then, as you work on updating the home, you will know whether you can say "yes" or "no" to additional possible updates that come up based on how much they cost and how much you have left in the budget.
Talk to a real estate consultant.
The updates that buyers want in your neighborhood might not be the same as the ones they want two neighborhoods over. You don't want to put in a new bathroom, only to find that buyers in your area are really looking for hardwood floors -- and you would have been better off putting the money into refinishing your floor. The best way to get an idea of what updates buyers are looking for in your specific area is to consult with a local real estate consultant. They can give you an idea of the features their buying clients are looking for and what features their selling clients have had an easiest time attracting buyers with.
Ask for a few opinions.
Everyone has their own personal style. When you're updating your home to sell, you want to choose a style that appeals to a wide range of people, and not just to you. So, before you upgrade your home, talk to a few friends and see what they think of the upgrades you are thinking of making. If everyone else thinks your ideas are so-so, you may want to come up with a new approach.
Updating your home can be a great way to increase your profits and find a buyer in a timely manner. After you follow the tips above, you're ready to start remodeling