4 Home Improvements That Pay Off at Resale
Even with for-sale homes flying off the market, getting top dollar for your house isn’t a foregone conclusion. Sure, it will sell as is, but if you want to maximize your profit, you may need to do upgrades. That’s especially true for many pre-retirees who have been in their homes for decades and are preparing to downsize. Dated paint colors, cluttered living spaces, and old cabinets and appliances can put off buyers, even if inventory is tight.
“A strong market means that buyers will take asking [prices], or even above asking, regardless of the look and feel of a home,” says Clayton DeKorne, chief editor at JLC Group, Zonda Media, a real estate market research firm. “That said, any disrepair, particularly on the outside, can be used as a leverage point to bring the cost of the house down.”
Depending on where you live, you may not have to replace kitchen cabinets or install hardwood floors to get top dollar in a sale, but there are some upgrades that will give you a strong return on your investment (ROI). Here’s a look at four of them.