To sell your home quickly in this competitive real estate market you need to ensure that it is in top condition and flaunts the best features to attract potential buyers. In an attempt to increase the saleabilty of their home many homeowners opt for upgrades. However, not every upgrade is worth the money you are investing in it. Listed here are a few upgrades that do very little to enhance the value of your home and thus, should be avoided before putting your home on the market.
Adding latest features or appliances
You might want to add a latest feature or state of the art appliances to give a more lavish appeal to your home, but there are chances that the potential buyers might not like it, thus making it difficult for you to recoup the cost. Adding a hot tub or expensive fridge might be your idea of attracting buyers towards your home by giving it a special touch, but it will be wastage of your money if the buyer does not consider it as special as you do. Instead of this, giving a makeover to your home by adding new cabinets or changing the countertops can uplift its value, without requiring you to spend a huge amount of money.
Adding a new room
Expanding the total area of your home by adding a new room might be a good idea when you are planning to stay there for a long time, but making this addition while selling your home will only add to your expenses. Considering the process you have to follow for adding a room, like designing, planning and building, it will not only require a good amount of money but consume a lot of time as well. It means you will have to wait for a few months to sell your home. A good alternative is to enhance the appearance of your home from outside and this can be done by replacing the roof or touching up the exterior walls with a fresh coat of paint.
Major kitchen or bathroom updates
Outdated bathroom or kitchen can turn off the buyers and you might be planning to completely remodel these two areas. However, before proceeding any further, you should consider the costs and time it will involve. Moreover, there is always the risk that the new additions might not be as per the taste of the potential buyers. Rather than remodeling the entire area, you can consider making smaller improvements, such as adding new sink or faucets. Painting the walls in a neutral color can also appeal a wider base of buyers.
Every homeowner wants to gain maximum profit by selling his home and thus makes every attempt to turn his home into a desirable property. However, spending your money on costly upgrades or expensive additions is not always the right solution. Your aim should be to invest your money and time in projects which are affordable, can be completed in less time and have the potential of generating profit.
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