We buy, sell and invest in real estate full time and have mastered the art of deciding what to invest in and what home repairs to avoid to maximize resale profit. Many home sellers have contacted us after hearing conflicting suggestions on repairs to make prior to resale so we decided to put in our 2 cents!
We get it, you have style. You probably can’t stand the thought of living in a white and grey house with white walls, grey cabinets, white carpets, grey doors, etc. It may be tempting to add an accent wall to break up the space. Don’t give in to your urge to summon your inner Joanna Gaines and throw up a quirky accent wall. Ignore that dark purple kitchen cabinet set. Any time you commit to a “unique” design, you are not only weeding out potential buyers, but also restraining their own imagination. Buyers love walking into a home and imagining their own tastes, so don’t force yours upon them.
Something about the thought of carpet makes sellers want to empty their wallets. They imagine buyers stepping on the cloud of carpet they just purchased and falling in love with the house. New carpet is almost always a worthwhile investment, but it shouldn’t break the bank. Stray away from the expensive carpet and opt instead for a good carpet pad. Usually, that comfortable feeling you imagine with good carpet comes from the padding underneath.
Rooms or projects done halfway in the house are home repairs that may as well not been done at all. If you plan on replacing your kitchen countertops with granite, you may have to replace or paint those hideous cabinets as well. Your room is only as good as its weakest link. Buyers often lack the ability to look past easy fixes, so don’t leave anything to chance and do the entire project right or don’t do it at all.
This may sound counter-intuitive, but your house shouldn’t be the nicest house in the neighborhood. The ugliest house in the neighborhood will generally sell for more than its “worth” and the nicest will sell for less. People put great importance in the quality of the neighborhood when looking for a house. If your house is the quality of a $1,000,000 home and surrounded by trailer trash… no one will want to move there for its worth. Of course, this is a bit exaggerated, but you get the picture.
The last on the list of home repairs to avoid when prepping your home for resale is the dreaded garage conversion. Many people are proud of their garage conversions and are convinced this will bring extra value to the home. After all, who doesn’t like more living space right?! Wrong… people like having a garage. People like storage space and car-people like a place to tinker. Not many buyers require multiple living spaces but many buyers do list a garage on their top house requirements. If you’re thinking about converting your garage to a living space and eventually want to sell the home… just don’t.
Does all of this information confuse you even more? Are you getting tips from experts that conflict with some of the items on the top 5 home repairs to avoid? Give us a call! We are happy to help you avoid expensive mistakes!