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Prep for a Better Sale: Top ROI Pre-Listing Repairs & Renovations

Home Sale
Home Sale
Prep for a Better Sale: Top ROI Pre-Listing Repairs & Renovations

Selling a house can be daunting, and one of the most important factors to consider is making sure your home is in the best condition possible before listing it on the market. This article will discuss the pre-listing repairs and renovations with the highest return on investment (ROI).

Painting

A fresh coat of paint can do wonders for a home, not only in terms of aesthetics but also in terms of ROI. According to the National Association of Realtors, painting the interior of a home can return an average of 107% of the cost. Giving your home a fresh coat of paint can make it feel larger and more inviting, making it more appealing to potential buyers.

Lighting upgrades

Upgrading the lighting in your home can make a big difference in the overall feel and function of the space. This can include adding recessed lighting, under-cabinet lighting, and even adding dimmer switches. According to the National Association of Realtors, lighting upgrades can return an average of 101% of the cost.

Flooring upgrades

Replacing old or worn-out flooring with new, high-quality flooring can make a big difference in the overall look and feel of your home. Hardwood floors, tile, and even luxury vinyl flooring options can be great choices. According to the National Association of Realtors, flooring upgrades can return an average of 96.6% of the cost.

Landscaping

Improving your home’s landscaping can make a big difference in curb appeal. This can include adding new plants, trees, and even a new lawn. According to the National Association of Realtors, landscaping can return an average of 100% of the cost.

Energy-efficient upgrades

Making your home more energy efficient can save you money on your energy bills and make your home more appealing to potential buyers. This can include adding insulation, upgrading the HVAC system, and even installing solar panels. According to the National Association of Realtors, energy-efficient upgrades can return an average of 106% of the cost.

Home Staging

Staging your home can also give you a good return on investment. According to the National Association of Realtors, home staging can increase your home’s selling price by 1-5%.

Don’t Forget the Repairs

It is important to make repairs to your home before listing it on the market for a few reasons. Firstly, repairs can address any potential issues that may be identified during a home inspection, which can prevent delays or complications during the selling process. Secondly, making repairs can also help to ensure the safety and functionality of the home for the new buyers.

Additionally, it’s important to prioritize repairs based on their importance and potential return on investment. For example, addressing major structural issues or safety hazards should be a top priority, even if they do not have the highest ROI.

Prep for a Smoother Sale

In conclusion, making pre-listing renovations and repairs to your home can help you get the best price for your home and make it more attractive to potential buyers. Some of the best options for return on investment include painting, lighting upgrades, flooring upgrades, landscaping, energy-efficient upgrades, and home staging. It’s always a good idea to consult with a professional home renovation expert or real estate agent before beginning any renovation project to get a better understanding of the potential ROI and any potential issues.