When putting your home on the market, it’s important to consider what current buyers are looking for.
We recommend that sellers consider investing 1%-3% of the asking price of their home in upgrades prior to listing. This may seem high but considering return on investment, it might be worth a look.
Here are our top three investments that are worth considering when putting your house on the market:
1. Fixture Updates. ROI: 200% absolutely necessary.
In most cases, this is non-negotiable. If you have outdated, shiny brass hardware and fixtures, these have to go. Consider updating with oil-rubbed bronze or brushed nickel.
Investment: $500 – $10,000+
2. Power Washing/Window Washing. ROI: 150%
Remove window screens, and have your windows cleaned inside and out. This will allow more light into the property and give the appearance of a well-taken care of house. It will also help in photos. Also, if the driveway and sidewalks are sparkling, it will help you stand out from the neighbors.
3. Landscaping. ROI: 175%
Your trees must be trimmed and your beds must have fresh mulch. Preferably 3″ of black mulch in all beds. This will create greater contrast between your landscaping and your grass. It will also give the appearance of a well-tended to, well-taken care of house.