When preparing your home for sale, remember to prioritize needed repairs before making any cosmetic improvements. While an updated home typically sells faster than one needing a refresh, if there are repairs to be made such as a roof or worn carpet, your house will likely linger on the market regardless of its appearance. Additionally, most government backed loans like VA, FHA and USDA require a home to be in good repair. Once you have all the repairs completed, consider what cosmetic improvements will help you sell fastest for the greatest return.
According to fortunebuilders.com, the top ten home improvements that give you the greatest return on your investment are:
- Minor Bathroom Remodel: Returns an average of 102%
- Landscaping: Returns an average of 100%
- Minor Kitchen Remodel: Returns an average of 98.5%
- Attic Bedroom Conversion: Returns an average of 93.5%
- Major Bathroom Remodel: Returns an average of 93.2%
- Major Kitchen Remodel: Returns an average of 91%
- Entry Door Replacement: Returns an average of 90.7%
- Deck/Patio/Porch Addition: Returns an average of 90.3%
- Basement Remodel: Returns an average of 90.1%
- Replace Windows: Returns an average of 89.6%
But, if your house needs painting do that improvement first and remember to choose a neutral color like white, beige, taupe or gray.
