Upgrades to avoid when selling your house in Mt. Laurel and surrounding areas: Are you considering selling your home in Mt. Laurel? If so, you might be thinking about making a few repairs and upgrades before you list it. Some changes can be lucrative, paying off in the long run. However, not all upgrades are created equal. We will let you know which upgrades to avoid!
Updating and beautifying your home is a sure-fire way to get more potential buyers in the door. However, many sellers make the mistake of making too many upgrades or upgrading things that do not increase the property value. Some people even make upgrades that end up turning OFF buyers! Before you take a sledgehammer to the bathroom wall or make a trip to Home Depot, consider making only necessary repairs and only the upgrades that will pay for themselves by substantially increasing your home’s value.
Upgrades to avoid when selling your house in Mt. Laurel and surrounding areas:
When selling your house, it’s generally advisable to avoid making major upgrades or renovations that won’t yield a significant return on investment or might deter potential buyers. Here are some upgrades to consider avoiding:
- Over-the-Top Renovations: Avoid expensive renovations that might not align with the tastes and preferences of potential buyers. For instance, installing a high-end gourmet kitchen in a neighborhood where most homes have standard kitchens might not provide a good return on investment.
- Personalized Features: While you may love bold paint colors, unique wallpapers, or niche design choices, these personalized features can be off-putting to potential buyers who might prefer a more neutral canvas to work with.
- In-Ground Swimming Pools: In some regions, in-ground swimming pools can be seen as liabilities rather than assets. They require significant maintenance, and some buyers may be concerned about safety issues, especially if they have young children. Additionally, pools can limit the yard space, which might be a drawback for some buyers. Point blank: A pool doesn’t provide returns.
- Extreme Landscaping: While curb appeal is important, elaborate and expensive landscaping may not necessarily provide a good return on investment. Opt for simple, well-maintained landscaping that enhances the appearance of the property without breaking the bank.
- Over-Improvement for the Neighborhood: Consider the standards of your neighborhood when making upgrades. Making improvements that significantly exceed the norms of the neighborhood may not necessarily translate to a higher selling price and could potentially make your home harder to sell.
- Converting Bedrooms: Converting a bedroom into a specialized space, such as a home gym, office, or entertainment room, might limit the appeal of your home to potential buyers who need the additional bedrooms for their family or guests.
- DIY Projects with Poor Craftsmanship: While DIY projects can save money, poorly executed renovations can actually decrease the value of your home. If you’re not confident in your abilities, it might be best to hire a professional to ensure the work is done to a high standard.
Remember, it’s essential to focus on improvements that enhance the overall appeal of your home to a broad range of potential buyers without overspending on upgrades that won’t provide a significant return on investment. Consulting with a professional stager can also provide valuable insights before selling your house.
Upgrades to avoid when selling your house in Mt. Laurel and surrounding areas:
Don’t Get So Personal
Avoid overly customized designs. This can include overly designed kitchens, baths and anything else that you consider one of a kind. Consider toning down bold colored rooms and creating environments that are a bit more neutral. A can of paint is a lot less expensive than a total room redo. And on that note…
Don’t Decide for Your Buyers
If there are obvious repairs or upgrades needed, don’t make them. Instead, provide a credit to the buyer, so they can have things done the way they want. It can be a great incentive when buyers have the ability to decide on the details of the home. People will be attracted to the idea of choosing their own countertops and lighting fixtures. Point Blank: Don’t make upgrades based on your own personal enjoyment or taste.
Leave the Basement Alone
Do you have a house with an unfinished basement? If, so… leave it that way. The costs to finish the basement aren’t worth what you will get back. Plus, many buyers will choose to renovate those areas on their own terms. If you haven’t renovated it while you lived there, there is no reason to do it now that you are trying to sell. Point Blank: An unfinished basement is best left that way.
Make the Space Intentional
Keep the rooms as they were intended. Extra bedroom? Keep it a bedroom, not an office. Let the prospective buyers decide how they want to use the space. A room conversion will only knock down the perceived value. A 4-bedroom, 2-bathroom home will get more traction than a 3-bedroom, 2-bathroom + den at the same price. Also, a gym/office/library/breakfast nook can become confusing. Point blank: Plan your space with purpose.
Upgrades to avoid when selling your house in Mt. Laurel and surrounding areas:
What are the Neighbors Doing?
Take a look at other homes in your neighborhood and keep your upgrades somewhere in the middle. If you go too far with your add-ons, you will be targeting high-end buyers. And maybe your neighborhood isn’t known for that. In addition, you will alienate buyers who love your neighborhood but don’t want to pay the high price. Point blank: Keep your property competitive within your neighborhood, but don’t take it too far!
This whole process can be made easy and simple. ED BUYS HOUSES can handle the entire process from start to finish. We have many options that can be tailored to your situation. Before you do anything, contact us or check us out: https://www.Ed-Buys-Houses.com; or call, 856-252-0777. We are here to help.