If you plan to live in your current residence for the next five years, improvements that increase the quality of your life may be worth spending on. However, if you’re planning to sell within the year, such improvements are only going to lose you money. Renovating a home to sell doesn’t mean improving it to your tastes, rather, you need to renovate to appeal to a wide range of potential buyers.
Make it look good but don’t overdo it
Renovating the kitchen is a project that gives the most out of your investment. Many families consider the kitchen to be the center of the house and, as such, would be willing to pay more for a home with an excellent kitchen. Still, turning your kitchen into an expensive commercial-looking affair can potentially turn off most potential buyers.
Skip the pool
You might think that adding a pool in your backyard would increase the value of your property, but what comes with it is only stress and headache. Sure, it looks nice, but it can eliminate most potential buyers. Consider your location: a house in Southern California can be more attractive with a pool, but perhaps not for a home in Utah.
Instead, try adding a simple touch, like installing a vinyl fence. United Fence Company says it can make your backyard look elegant without the hefty price.
Add some rooms
By creating additional rooms in your home you also increase the value and appeal of it. Adding a bathroom in a single bathroom house would increase its valuation tremendously, and in general, an extra bedroom appeals to a vast majority of house buyers.
Remember that you are renovating with the intention to sell. Your taste may not match that of your potential market so keep your personal wants separate from your project. This will help keep you from spending far more than you can earn from selling your renovated home, and create an appealing but blank enough space that buyers can imagine building their lives in.