Quick fixes before selling a home always pay off, but which repairs bring the biggest return? Specific answers to this often-asked question largely depend on a variety of factors such as:
- Time of year
- Location of the home
- Market temperature
- Competing inventory
There is no hard and fast rule. But there are general guidelines that apply to most homes. This is part one of a two part series that will give you some pointers of what you ought to be looking into doing.
If your home has hardwood floors, that's what buyers want, and it would pay to have the carpeting removed and the floors refinished.
If your sub-floor is plywood, then replace the carpeting with light tan. Neutral carpeting is your best bet for resale.
Replace chipped or cracked tiles. Clean or replace the grout. But don't install ceramic (it's too expensive) unless it's for aesthetic reasons in an entry way.
Paint Ceilings & Walls
Buyers spend more time than you would think staring at ceilings. They are looking for signs of a leaky roof, but what you don't want them to see are stains from grease or smoke and ceiling cracks. Ditto for walls. Nothing says freshness like new paint, and it's the most cost effective improvement. Use fiberglass tape on large cracks, cover with joint compound and sand. Paint a neutral color such as light tan - think of coffee with cream.
It's not that all buyers hate wallpaper. They hate your wallpaper - because it's your personal choice, not theirs. And they hate all dated wallpaper. Get rid of it. The easiest way is to steam it off by using an inexpensive wallpaper remover steamer.
Even if your wood paneling is not real wood but composite, you can paint it. Dated paneling must go. Older wood paneling such as walnut, mahogany, cedar and pine, it's all gone out of style. Paint it a neutral and soft color after priming it.
Older popcorn ceilings with the "sparkles" often contain asbestos and if disturbed are health hazards. Say goodbye to it. But even recently sprayed ceilings turn off buyers. It's not expensive but it is time consuming to remove. Lay down drop cloths and scrape it off. You will need to repaint.
Email me at email@example.com for a complete detailed list. I would love to hear your comments on what you think about which repairs bring the biggest return.
For Buying or Selling, it helps to have a guide that gives you straight answers. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at firstname.lastname@example.org. More to follow within the next couple of weeks.