You are getting ready to list your Las Vegas property on the market and you are just not sure what to fix and what not to fix. Will you get a return on your investment? Does it make sense to make certain home improvements or is it easier to just sell your home in as-is condition?
Many sellers are faced with these questions, yet there is no clear-cut answer. A seller’s market, for example, is usually in a seller’s favor regarding home improvements. Yet in a buyer’s market, when there is a large inventory of homes on the market, your house may be passed over for another one which needs no improvements.
The first thing you can do before embarking on a costly home improvement project is to research other Las Vegas homes and visit them during open houses. If most of the homes in the area have updated kitchens, for example, it may be well worth your while to spruce up your kitchen. And this doesn’t have to mean granite countertops and maple cabinets, either. Often a change of hardware and a fresh coat of the paint on the cabinets can make all the difference.
Most real estate experts will tell you that kitchens and bathrooms offer the highest rate of return, which is true. However, tearing apart your bathroom and completely updating it with a Jacuzzi tub and overhead skylights could cost you thousands of dollars, some of which you may not see again. Scale back any renovation projects and instead opt for a neutral, updated look without the fancy extras.
Some home improvements, however, should always be tended to before listing your home. These include:
- Repairing, patching and painting walls
- Repairing or replacing any broken appliances
- Repairing or replacing the HVAC system
- Repairing leaky faucets
- Replacing old or outdated light fixtures
- Replacing worn carpet or torn linoleum
- Repairing the roof
- Replacing any broken windows
Author Bio:
Visit the VIP Realty website for more information on property marketing in the San Antonio real estate area. There you’ll find buyer and seller service details, information on local communities, details on Alamo Heights real estate, Dallas Condos , and resources on a wide variety of other home styles.
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I agree that in tough financial times, you have to definitely prioritize what you want to fix. Certainly replace broken windows or repair a leaky roof, but don’t spend too much money on smaller details like landscaping, upgrading appliances, or even light fixtures if money is tight. Of course it’s ideal to vamp everything up and make it look completely renovated, but like you said, you won’t make a return on your investment if you spend too much time and money fixing up the home. Perhaps it’s a good idea to just start with the vital stuff. If the home doesn’t sell after some time, then you may want to slowly start sprucing up other aspects of the house.
Now everyone is lack with money for doing renovation. How can anyone think of house improvement at this critic moment.
Thus is better stay put on status quo.
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