When it comes to selling your house, making strategic home improvements can make all the difference in attracting potential buyers and securing a great return on your investment.
This blog post will explore the key takeaways from the “Home Improvements for Best ROI When Selling Your House” video with Karina Bigit, Twin Cities Real Estate Agent. Whether you are a seasoned homeowner or a first-time seller, knowing where to focus your resources can help maximize the value of your property.
Let’s dive into Karina’s tips to help you make informed decisions and achieve a successful sale.
1. Know the Numbers:
Before making any improvements to your home, it is important to understand the financial implications. The real estate professional emphasizes that knowing the numbers is crucial. Start by evaluating the current market value of your property and researching the average selling prices in your area. This will give you a benchmark to work with and determine what improvements are worth considering.
2. Assess Feasibility:
Once you know your property’s current value, assess the feasibility of making home improvements. Consider factors such as your budget, time constraints, and the potential increase in your property’s value. Expert guidance from real estate professionals can help you determine the most cost-effective improvements to yield the highest return on investment.
3. Focus on Key Areas of Your Home:
Not all home improvements will provide the same return on investment. To make the most impact, focus on areas that potential buyers consider high-priority. The video suggests concentrating on the kitchen, bathrooms, curb appeal, and energy-efficient upgrades. Updating these areas can significantly increase the perceived value of your property. However, it is essential to balance making improvements and overspending.
4. Seek Guidance from an Expert Real Estate Agent:
Selling a house can be overwhelming, especially when it comes to making important decisions about home improvements. The real estate professional in the video emphasizes the importance of seeking assistance and guidance. Working with a real estate agent specializing in your local market can provide invaluable insights into which improvements are most suitable for your property. They will consider market trends, buyer preferences, and the potential return on investment to help you make informed decisions.
When selling your house, making strategic home improvements can significantly impact the value of your property. Understanding the numbers, assessing feasibility, focusing on key areas, and seeking professional guidance are essential steps to take before embarking on any home improvement project. By following Karina’s advice in the “Home Improvements for Best ROI When Selling Your House” video, you can make informed decisions and increase your chances of selling your property at a great price. Remember, every improvement you make should be aimed at maximizing your return on investment. Good luck with your home improvements, and may your house find its perfect buyer!
Transcript
Karina Bigit [00:00:00]:
Are you thinking about selling and wondering if maybe you should do some home improvements to increase the value of your home for listing? Well, feel free to reach out to us because that’s what we’re here for.
When you are selling your home and if you are making home improvements beforehand, it’s really important to know your numbers. Every neighborhood and pocket is a little bit different, so you don’t want to over-improve and over-invest and you might not get your money back. Typically it’s bathrooms and kitchens that sell a home. And then you also need to think about the first thing a buyer will see when they pull up; It’s going to be the curb appeal.
So you could even do little things that don’t necessarily break the bank, but just little tweaks to the landscaping and outside will make a great impression.
It’s so important to reach out to a real estate professional so you are making sure you do know your numbers, that you are going to be getting a return on investment, and that the numbers make sense because maybe you really don’t need to put that much into your home to get it ready to list and increase your value. So if you are thinking about selling and potentially making some home improvements but aren’t sure about the next steps, give us a call. We’d love to talk you through the options!
