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Which two rooms are the most crucial to spend your renovation dollars on to get the highest price possible? It’s an excellent idea to spend money to upgrade your home. Not only will it make it easier to sell (and for more money), but it’ll make it appealing to more buyers.
However, not all renovations are equal. You want to spend your money where you’ll get the biggest bang for your buck. Ideally, buyers are looking for houses that are turn-key, move-in ready. They want to write their deposit, do a contract, get the mortgage, and move into their new home.
The two rooms that are most vital to buyers are the kitchen and bathrooms. Here’s what to do in each of them:
Kitchen:
If you think about it, people spend a lot of time in the kitchen. Every day they’re in that room with family and friends. They entertain there for holidays and events. So first spend your money on the kitchen. Forego the outside projects like fixing fences or the driveway and focus on the inside before anything else.
You want to spend your money where you’ll get the biggest bang for your buck.
Renovating does not necessarily mean you have to completely gut the kitchen. It might simply mean that you need a fresh coat of paint on the cabinets, new hardware, maybe a new backsplash, or upgrade the appliances to stainless steel. To get an idea of what buyers are looking for in today’s market, visit new construction open houses. This is a great way to get ideas about what to do in your house.
Bathrooms:
The second most important room to spend your money on are the bathrooms. Buyers are looking for light, bright, decluttered bathrooms. That means remove the heavy window treatments, get rid of the rugs and wallpaper, and paint it a light color. If you have a cabinet door that’s damaged, you don’t have to replace the whole cabinet, just replace the door and repaint the cabinets to match each other if necessary.
For more tips about how to freshen up your property for sale or with any questions, give me a call or send an email. I would love to come spend 30 minutes with you, it’s my favorite thing to do: helping sellers figure out where to spend their money to get the most out of their sale. My team is available seven days a week to assist you. Let us know how we can help!