One of the many benefits of homeownership is that upgrading your home not only adds to your enjoyment but also often increases your home’s value. However, if you’re planning to sell your home, some improvements aren’t worth the cost. Here’s a list of updates you should probably skip when preparing to put your home on the market.
- Upgrading appliances: Because your home’s buyer will be able to replace any appliances they wish with relative ease, that’s a decision and a cost best left to them.
- Renovating rooms: Major remodeling work can be expensive and subject to personal tastes, so it’s wise not to invest in pricey work that your home’s buyer may not fully value.
- Updating home technology: Technology preferences vary among homebuyers, so don’t worry about outfitting your home with the latest tech before your sale.
- Fixing functional items: From windows to fixtures, if they’re still in good working order, there’s usually no worthwhile benefit to replacing these home elements.
- Replacing the driveway: Curb appeal is important, but most homebuyers care most about what’s inside the home, so don’t worry about replacing a driveway that’s in decent condition.
Of course, there are exceptions to every rule. If you’re thinking about putting your place on the market, a knowledgeable real estate agent can advise you on how to prepare to sell your home.
While upgrades like the ones above may not be worth the investment, there are other home improvements that add more value. If you’d like to learn about your renovation financing options, get in touch today for a free mortgage consultation.