Paint

Renovating Tips that Will Give You the Highest Return on Your Investment When Selling

From a fresh coat of paint to updating kitchens and bathrooms, these are the fixes worth your time and money in order to sell your home.

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When it comes to selling your home, there are a lot of steps that have to be taken before it can be officially put on the market. Between finding the right realtor and ensuring that your space is up to date, it has the potential to be a timely and costly project. That’s why ESTATENVY spoke with Keller Williams real estate broker and advisor Jean-Marie Minton to determine the best renovation tips that will get you the highest return on your investment when selling.

Not all home renovation projects are created equal—some are much more critical than others when it comes to selling your home. One that’s worth the investment is staging. Similar to any retail store, the way that products are displayed on a shelf matters to customers. In the real estate industry, that means setting up your home in a way that’s inviting to prospective buyers.

“It’s critically important to have your property staged. The way that a home is presented to the public has the ability to make or break a sale—you need to show it in the best possible light,” said Minton. “But staging doesn’t have to cost a ton. What really matters is getting rid of all the extra stuff that you’ve had in your home for years. It doesn’t matter if you pack it up or store it somewhere else. Potential buyers need to be able to look beyond your belongings to envision themselves in a home.”

After that extra clutter is eliminated, Minton says that there are renovations worth spending money on. A fresh coat of paint, for example, has the ability to go a long way. While seemingly simple, painting has the ability to brighten up a room and make the overall feel look more updated. It’s also critical to splurge on a full deep clean of your home—buyers have a habit of looking in places that you may have been neglecting, and you want to ensure that your space is spotless.

The two rooms to focus on the most when renovating are the kitchen and bathroom. Homeowners have the tendency to spend the most time in those rooms, so it’s important that they have updated appliances that fit with the overall design and tone of a home.

“Making upgrades to your kitchen and bathrooms is an essential part of the selling process. But in order for it to be worth your investment, you have to be careful to match your renovations with the design of your home,” Minton said. “Modern appliances in an older building have the potential to make an entire space look shabby. You have to make sure that every change your making fits in with the structure you already have.”

Another renovating tip to keep in mind is the importance of sticking to the classics. While some trends are easy to change as they go in and out of style, potential buyers will want to ensure that they’re purchasing a home that will stand the test of time. That means honoring the integrity of your home and sticking with neutral colors and styles when decorating before a showing.

“At the end of the day, the furniture and belongings that you have in your home isn’t what matters. Buyers are looking for a solid structure that they can make their own, and they need to be impressed with a home’s core,” said Minton. “That’s why staging and presenting a home to buyers is so important—the door needs to be open for them to make it their own after their names are signed on a contract’s dotted line.”