Many homeowners who want to get top dollar for their homes will do some major renovations before ever listing the properties with their local realtors. That certainly can pay off handsomely later when they pocket their check from the buyers.
But let’s face it — not everyone is in a position to drop $20,000 to $40,000 (or more) on home improvements on a property they are trying to sell. In fact, it is those who may be most desperate to sell who have the least amount of money to spend refurbishing their property. But that doesn’t mean that you can’t give your home a little facelift on the cheap.
Make inexpensive cosmetic repairs
A fresh coat of neutral-colored paint can brighten and open up a room. Replacing worn-out cabinet hardware can give your kitchen an updated look. In fact, simply doing a bit of basic landscaping can spotlight the features of your yard. Adding a cozy firepit or a fountain for a bit of outdoor ambiance could draw buyers’ attention away from your home’s flaws and allow them to focus on its possibilities.
Never try to hide serious flaws from potential buyers
You could wind up in legal hot water if you intentionally try to cover up serious damage like black mold or termite infestations. While buyers should order inspections of all properties, during strong buyers’ markets like this one, some properties are selling without inspections.
Clarify your legal options
There can be a fine line between drawing attention to a home’s better features and disguising its damage, so make sure you understand the legal implications of your home improvement efforts and that you aren’t crossing any lines when you market your property.