#1 Renovation to do Before Selling | Monday Minute March 22

When selling your home, it's important to focus on improvements or repairs that will increase the desirability and value of your home, that also get you the highest return on your investment.I believe it is fairly common knowledge that paint and flooring are the two most common updates when getting ready to sell. Both can really give any house a fresh new feel...and smell.But when it comes to best bang for your buck on making your home even more desirable, what is the #1 renovation?  Drum roll please.The #1 renovation, with the highest return, is the Kitchen renovation, with an average of  81.1% return on investment on a minor Kitchen renovation. Why the Kitchen?  Its actually not surprising when you think about it.  The Kitchen is the central room in most new builds today.  Its the place we congregate throughout the day with family and friends.  The Dave Ramsey organization did a survey and found, 80% buyers said that the Kitchen was in their list of top 3 important spaces when purchasing a home.  69% of homebuyers said they would have paid more had the home had new appliances, and 55% of homebuyers said they would have paid more if the home had granite counters.The highest return is on a Minor Kitchen renovation vs a major kitchen renovation - which on average netted 27.6% less return on investment.  When it comes to renovations prior to selling, the general idea is not overspending or over upgrading as you won’t get the return on you money. Its one thing to go highend when you are building your dream kitchen in the home you plan to live in vs making large renovations right before you sell.So what are some of the best upgrades to make when doing a Minor Kitchen Remodel? 

• Matching Appliances

  • This is an easy way to make kitchens look fresh

• New countertops

  • Granite and Quartz counters in our area are highly desirable and can really elevate a kitchen space

• Repaint or Refinish the Cabinets

  • Replacing the cabinets can get pricey, but a quick paint job can really change the entire look, and can be done at a fraction of the cost.

• Install a Backsplash

  • This is another great way to dress up the kitchen and give buyers that high end impression.

• Replace Cabinet knobs and drawer pulls

  • Sometimes it really is the little things that can make such a big difference.

If you are thinking about selling and are considering what type or improvements to make before selling, we would be happy to do a free consultation on how to maximize your return on your investment.  Give us a call today.  We look forward to helping you!