Planning the perfect renovation schedule is always a bit challenging, but it can become even more difficult if you intend to put your home on the market in the near future. Making a few repairs and upgrades before selling a house can help you earn top dollar, but you must determine which projects will mean the most to potential buyers and yield the best return on investment. Deciding which improvements to tackle will impact your budget as well as your timeline for when you can sell. This is why the professionals at EXIT Realty of New Jersey suggest consulting with a real estate agent about which direction to take prior to spending quite a bit of money or entering the market.
Below, the Newark, NJ, real estate specialists provide a basic guideline outlining the typical categories that repairs and renovations fall into:
- Routine Maintenance: Routine maintenance projects may include anything you’ve been putting off for a while but know needs attention before inviting buyers to an open house. This could be leaking pipes or faucets, cracked tiles, broken appliances, and other details that might make a buyer wonder how well the house has been taken care of. It’s a good idea to handle these improvements before any others.
- Cosmetic Updates: Cosmetic updates are not necessarily things that a buyer would require before putting in an offer, but they could have a significant effect on your asking price. When selling a house, a few simple updates such as painting, installing new carpeting, replacing windows, switching out hardware, and putting in new front and garage doors can go a long way in making it much more attractive to buyers. These are cost-effective solutions for breathing new life into a home.
- Extensive Remodels: Once routine maintenance and cosmetic updates have been done, you may start thinking about embarking on more extensive remodels. These are the jobs that will take longer to finish, so you’ll want to decide wisely if they’re worth the time, effort, and money. Kitchen and bathroom remodels, room additions, and deck construction are a few examples of renovations that will be more involved and costly to execute.
Because some renovations can take a year or more to complete, it’s important that you carefully consider your timeline for projects and choose the ones that are most likely to lead you to your goal of selling a house quickly and profitably. Contact EXIT Realty of New Jersey at (973) 466-0003, or visit them online to learn more about how they can assist you in successfully closing a deal.