Should You Renovate Before Selling?

Should You Renovate Before Selling?

In todayโ€™s hot real estate market, you may ask if you should make renovations to help the house sell for more?
The answer is it depends. Major renovations usually donโ€™t recoup their cost in terms of higher sales price, however if the house is in excellent shape except a kitchen or bathroom, you may consider doing it for a higher sales price. Minor updates are a good approach to help the house look better without a major investment. Some examples are painting the house, new cabinets, flooring (if in bad shape), even minor things like updating the faucets can make a big difference. If you have potential turn-offs like water damage, itโ€™s something to consider fixing. A water stain on a ceiling can scare off buyers, so replastering or sheetrock over stains is probably a good idea.
If you do decide to do a major reno, keep in mind you are doing this to sell and not to your style, so avoid bold choices and go with more neutral options. Overall, in todayโ€™s hot market its probably better to focus on little things rather big updates.