One of the biggest challenges I see home sellers struggle with when staging their homes for sale, is deciding which updates make the most sense. Some homeowners feel they need to spend thousands in major renovations while others are barely willing to wash their windows. When it comes to preparing your home for sale, I think it is best to get your priorities straight and make improvements where they really matter-and that will vary depending upon your individual home.
If you are planning on selling your home in the very near future, leave major renovations out. Chances are you will spend more money than you will gain on a major renovation. Simple updates will reap you the greatest reward. Take a realistic look at your budget. Everybody has a different budget and improvements can be made no matter what that budget is. Remember, your good old elbow grease is free, and that alone can make a huge difference in how well your home will show.
The following is a brief list of improvements that I have seen that creates the most powerful positive impact in homes and produces the greatest amount of return on the dollar. How will you know which of these is a priority for you? Your home and your budget will guide you to choosing which of these applies to you and your home. You really need to look at your home through the eyes of a new buyer, a stranger looking at your home for the first time. If you need help, ask a friend who is comfortable enough with you to be honest to help you evaluate your home to assist you in deciding which items should be on your to-do list. Your real estate agent can also assist you in determining which updates are going to make your house stand out from the competition.
- Clean every inch of your home-inside and out.
- Paint the interior. This includes removing old wallpaper. Do not make the mistake of leaving a house full of dated wallpaper. If it sounds like a lot of work to you, imagine how prospective buyers feel. Truly, who cares if you replace perfectly good vinyl kitchen flooring with new tile if your home is full of flocked wallpaper? First impressions count and if buyers can’t get past the front door, they will not care if you have vinyl or tile floors in the kitchen.
- Power wash the exterior of your home and the driveways. If your home is in need of paint, do it.
- Polish the floors and clean or replace carpets. If you have damaged floors, replace them.
- Freshen up and manicure your yard. Remove any dead plants and add mulch. Be sure there are no weeds and the edges are clean. Spruce up the curb appeal and get the buyers out of the car. Remember to be sure your address is clearly marked.
- Repair broken items. Dripping faucets, broken doorknobs, closet doors off the hinges…these small items make a big difference to buyers.
- Update bath and light fixtures. These changes can be done quite affordably and make a huge difference in how well a home shows.
- Update kitchen and bath cabinets. If your kitchen cabinets have seen their better day, you do not need to gut your kitchen and replace everything to give your home a fresh new look. By painting your cabinets and replacing the hardware, your cabinets will take on a completely different feel. Do your homework though, if not done properly, the paint will peel and you certainly do not want that mess to deal with.
- Update the kitchen appliances. Nothing says “Buy me!” like a great kitchen. Check out new appliances and if yours are screaming old and dated opposed to cool and retro, replace them. Oh, and if you believe yours are screaming cool and retro, better double check with your agent to confirm your perspective.
- Remove extra furniture. This isn’t exactly an update, rather the final step before staging. Most people enjoy having a few extra creature comforts in their day to day life. But when you are selling your home, you really need to take the focus off your stuff and put it on your house. Be careful not to remove too much, you do not want to show a vacant home as that will leave buyers feel cold and uninspired. Use your furniture to showcase your house’s best features and start looking your new home.
A final reminder, home staging is not about hiding flaws. Home staging is about showcasing the best features in a home. Be realistic when deciding what to address as you prepare your home for market. Talk to your agent about timing, about the competition, about pricing and determine what your budget is for home staging. Decide what improvements are going to make the biggest impact on how well your home shows and stick to those. By making smart decisions with your home staging budget, you will see the greatest rewards.