Seven Updates Often Not Worth Fixing Before Selling, Plus What To Focus On Instead

When selling a home, it’s crucial to invest in the right improvements while avoiding costly or unnecessary projects. Here’s a list of seven updates often not worth fixing before selling, plus what to focus on instead for a better return.

1. Don’t Add High-End Upgrades

  • Why Skip: Luxury upgrades, like gourmet kitchens, top-tier bathrooms, or smart-home tech, may not add enough value to cover the cost. Buyers might not want to pay a premium for high-end features they don't value.

  • Focus On: Minor Kitchen and Bathroom Updates—such as replacing cabinet handles, updating lighting, or refreshing caulking—offer a modernized feel without the high expense.

2. Avoid Major Flooring Replacements

  • Why Skip: Completely replacing flooring, especially with premium materials, can be expensive. New owners might prefer different materials or color schemes.

  • Focus On: Repair and Refresh—repair broken tiles, fix scratches on hardwood, or have carpets professionally cleaned to improve appearance without the big investment.

3. Skip Major Exterior Overhauls

  • Why Skip: Expensive landscaping or new patios might not significantly boost curb appeal and can be difficult to maintain, deterring potential buyers.

  • Focus On: Basic Curb Appeal—simple, cost-effective upgrades like mulching, trimming bushes, and adding potted plants by the entrance make a welcoming impression without high costs.

4. Don’t Remodel Your Basement

  • Why Skip: A finished basement may add value, but the high cost of remodeling won’t always yield a good return, especially if buyers don't see it as essential.

  • Focus On: Minor Repairs and Decluttering—address moisture issues and remove clutter to make the space feel larger and more appealing.

5. Avoid Installing New HVAC Systems

  • Why Skip: HVAC upgrades are expensive, and many buyers are okay with older systems as long as they are well-maintained and functional.

  • Focus On: Maintenance and Tune-Ups—get your HVAC serviced, change air filters, and clean ductwork to ensure it runs efficiently, which shows that it’s been well cared for.

6. Skip Custom Features (Built-ins, Wine Cellars)

  • Why Skip: Custom features like built-in shelving, elaborate wine cellars, or home theaters don’t appeal to all buyers and may make it harder for them to envision their own style.

  • Focus On: Neutral Styling—remove excess personalizations and stage the space in a way that allows buyers to imagine their own use of the area.

7. Avoid Full Paint Jobs in Bold Colors

  • Why Skip: Bold colors and whole-house paint jobs are costly and may not appeal to buyers with different tastes.

  • Focus On: Touch-Ups and Neutral Tones—consider touching up walls in neutral tones that appeal to a broader audience. A fresh coat in entryways, kitchens, or bathrooms can brighten the space.

Final Focus: Prioritize Basic Repairs and Maintenance

Basic repairs and staging go a long way in making a home attractive to buyers. Fix small issues like leaky faucets, broken fixtures, and squeaky doors. Deep-cleaning and decluttering are also crucial to making your home feel move-in ready without major renovations.

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SEP 2024 - Market Update