When people want to sell their home in Salt Lake City or in Utah as a whole, they decide to make upgrades to get more money out of their house. However not doing the right upgrades will lead to paying too much. Many upgrades don’t provide much return and can be a waste of time and money.
At YourPriceMyTerms.com we have put together our list of the best 3 upgrades to invest in and 3 that will drain your wallet.
3 Upgrades To Invest In That Will Put Money Back Into Your Pocket:
Number #1 to Do: Put Some Paint On It
A new fresh coat of paint can not only brighten up a room but it will revive it. Stick with neutral colors and add in color elsewhere, such as artwork or throw pillows. Painting doesn’t cost much but can add a tremendous impact.
Plus your new paint will cover smudges, dings in the wall, nail holes, etc.
Number #2 to Do: A Kitchen & Bath Upgrades
You might have heard that an face-lifting a kitchen and bathroom are two of the most important areas to focus on when upgrading your property. However, you can do some of these littler projects that will make a big impact without costing a fortune.
Resurfacing your cabinets, new faucets, drawer pulls are some affordable ways to rejuvenate the Kitchen. For example, swapping out the front of your dishwasher to match the other appliances is a great way to save money and tie things together.the space. Some appliance manufacturers sell new and alternate colored face-plates.
You can take the same principles to give your bathroom a quick makeover. Vinyl tiles can go on the floor, right over what you currently have. Do a deep cleaning of the grout, and re-grout if needed.
Fix any cracked tiles or broken hardware. (Wobbly towel racks, etc.) Another option to a complete shower renovation is to install a pre-fab cover. This is much cheaper than doing a whole shower overhaul.
Number #3 to Do: The Awe of Landscaping
Planting some flowers out front or covering dirt with a pretty, fast spreading ground cover will give your home instant curb appeal. If needed, have trees and bushes trimmed and keep the lawn mowed nicely.
Depending on your climate, you can plant succulents or lay down pretty rocks to keep the space well maintained, but low-maintenance.
Maybe throw a fresh coat of paint on the mailbox or hang up a bird feeder and some hanging plants. Small touches and a well-groomed yard will draw anyone in.
3 To Forget About:
Don’t: Finish The Basement
This can turn into a major project that can be both expensive and time-consuming. The numbers show you won’t end up getting back anywhere close to what you put into it.
Overall, most homebuyers will want to fix up the space to their taste anyhow. Maybe they want an open game room, or to add a couple of extra bedrooms.
When pricing the home, account for the unfinished space and let buyers know that is reflected in your pricing.
Don’t: Add a Patio, Deck or Pool
Again, this can be very pricey, without much return. If you have an open area, use plants or pavers to tidy up and beautify the space. If the new homeowners want to build a deck, they can do so, but with their tastes and specifications in mind.
Adding a pool can cost a fortune, without providing a huge increase in what you will be able to ask for the home. In addition, a pool may actually deter buyers.
Prospective buyers with small children may worry about safety and many people may not want to worry about the hassle and upkeep of maintaining their own pool.
Don’t: Do A Major Renovation to The Kitchen or Bathrooms
Don’t waste your money with a complete overhaul unless it is absolutely necessary due to water or fire damage. The cost does not make sense, especially when home-buyers will have their own tastes. Many homeowners would prefer a credit to the home price allowing them to upgrade on their terms.
In summary: Don’t over-improve… keep it simple!