Read about Important repairs to make before selling a house, shared by Partners Real Estate Professionals & houseligic.
As a smart seller, you’ll want your home in tip-top shape — but you don’t want to eat into your profits by overspending on home improvements. You won’t be around to enjoy them anyway. The key is to focus on the most important repairs to make before selling a house to ensure every dollar you spend supports a higher asking price.
“Smaller and less expensive updates in combination with good staging will have a great return,” says Colorado Springs agent Susanna Haynie. But how do you know what things to do before putting your house on the market? Prioritize these updates — and consider letting the rest go.
#1 The Most Important Repair to Make Before Selling: Fix Damaged Flooring
Scratched-up wood flooring; ratty, outdated carpeting; and tired linoleum make your home feel sad. Buyers might take one step inside and scratch the property from their list. Want to know how to increase the value of your home? Install new flooring.
“Replace what’s worn out,” says Haynie. “Buyers don’t want to deal with replacing carpet, and giving an allowance is generally not attractive enough. Spring for new, neutral carpeting or flooring.”
If your home already has hardwood floors, refinishing does the job. Expect to spend about $3,000 on the project – and recoup 100% of the cost, according to the “National Associated of REALTORS® Remodeling Impact Report.”
Consider swapping any old flooring for the new hardwood. This project costs more at around $5,500, but you could recoup more than 90% of the at resale. If that’s not in the budget, any flooring update makes an enormous difference.