Before spending thousands of dollars on home improvements to sell your Stamford-area home, consider whether you will get the best bang for your buck. Unfortunately, too many personalized “improvements” backfire. According to an article by rismedia.com, one of the main reasons homes don’t sell is because the improvements are too personalized. For example, comic book murals painted on the wall of a custom office with built-in shelving specifically for your hobbies will scare off buyers. Focus on general home improvements that have the most impact on potential buyers.
Home Improvement #1 – Adding fresh coats of paint
Painting your home can either increase the value or lower the value, depending on the colors you choose. Last year, yellow was a big color for kitchens. This year, buyers are spending more for homes with different blue shades. Talk to your real estate agent about which paint colors appeal to the buyers this season. Only use daring colors such as red in small spaces such as bathrooms.
Home Improvement #2 – Sprucing up the kitchen
Instead of spending $10,000 or more on a kitchen remodel, simply add a backsplash. One study found homes with subway tile in the kitchens sold for 6.9 percent more money. If you aren’t handy, hire a professional since anything other than peel-and-stick products are difficult to install. A Zillow Digs study found homes that had Shaker cabinets sold for 9.6 percent more than expected, while granite kitchen counters brought in 4.1 percent higher bids.
Other areas of the home that matter include bathrooms. Instead of a major overhaul, simply change out old toilet bowls, add backsplashes and paint. Make sure the fireplace functions, as buyers love to cozy up by the fireplace when it’s cold outside. Also, invest in a smart thermostat, trendy barn doors, and landscaping. Spend money wisely on home improvements for the best ROI (return on investment). Although they don’t seem as sexy, new roofs and A/C systems also matter to cost-conscious buyers. At Sunbelt Real Estate, we walk through our client’s home to figure out the best improvements and strategies for a quick sale. For general home selling tips and advice on staging and marketing your home in Greenwich, Stamford and nearby areas, please contact us today.