Yes I get it that we have been in a "Seller's Market" for a few years now and inventory is extremely low. But that's no reason to not do everything possible to make you home stand out when you list it for sale.
You wouldn't show up for a job interview wearing your gym clothes or not try to look your best for a first date, right? Same is true for selling your home.
Even if it involves spending a few dollars you are better served to make the investment. I have seen some Sellers (against my advice) leaves tens of thousands on the table rather than spend thousands.
Whether you get more when the house is sold or it sells quicker there is no downside to any of the following.
The goal is to associate your home with the highest price properties in the area at a fraction of the cost.
Walls need to be clean and fresh. You may not need to paint the entire interior but if walls are dingy, dirty, or a highly customized or dark color the house may not sell. Many Buyers are not visual whatsoever and can't visualize the changes. Plus there's that new paint smell that evokes new construction. Everyone loves new.
Interior walls should also be neutral colors. If the color is unusual, like burgundy or purple, prospective buyers may have an immediate adverse reaction. Not everyone likes those colors, but no one ever said “no” because of a white wall. Well maybe no one.
Painting can also lend an elegant sheen to the home. Neutral colors like ivory, ecru and greige, a combination of light gray and beige, look to many people, like classy, vibrant colors. Better to associate your home with more, not less, valuable properties.
UPDATE THE FIXTURESUpdated fixtures make a room look stylish. Frankly, it helps to follow sophisticated trends.
If the lights in the kitchen date from the 1970s, it’s time to put in more modern lighting fixtures. Same with those dated gold plated bathroom fixtures and door handles. While not fixtures, I also throw into this category the brass framed mirrored closet doors and outdated ceiling fans.
This is usually inexpensive to do and yields big dividends regarding making the house look more expensive.
Nice lighting fixtures and ceiling fans can run between $250-$500 each including installation.
UPDATE THE KITCHENUpdating a dated kitchen may be your biggest payoff and some of these projects aren't that expensive.
- Remove drop ceilings and install trendy lighting instead. An easy job, almost a DIY.
- Get rid of your black or white appliances and replace with stainless.
- Replace outdated handles on your drawers and cabinets.
- Paint old dark cabinets white or gray depending on the style of your home.
- Get rid of the compactor that doesn't work and put in a wine cooler instead.
- Put in quartz counters or granite counters instead of old tile.
One of the most common mistakes is thinking you have to do a complete kitchen remodel that will cost tens of thousands of dollars. Not recommended. If your home was built after 1970 the chances are that your cabinets can be revitalized - new paint, hinges in some cases, and hardware for a few thousand dollars. (I'm not referring to the "refacing" Home Depot and other companies do which can be a lot more expensive.