Wednesday, November 13, 2019

Renovations to Do & Not Do Before Selling North Shore Home

North Shore Home Renovations
When you sell your North Shore home, you want to ensure that you’re getting the best price possible for your home! This might mean making some upgrades, if your home is outdated. As your North Shore real estate agent, I’m here to inform you which renovations are smart, and which are smarter to skip.

It’s important to realize that not all home upgrades are equal! Some have impressive returns on investment, or ROI, meaning you’ll get back most of what you put in. Others don’t have great ROI and could actually hurt your home value.

Renovations to DO for your North Shore Home

Kitchen upgrades – Buyers love their kitchens! This is a make-it-or-break-it room for buyers. While an entire kitchen remodel costs a lot of money and might not pay off, small upgrades can go a long way, such as fresh paint, new counters or backsplash, or energy-efficient appliances.

Bathroom upgrades – Buyers love bathrooms and put a lot of their focus here as well. Create a space of tranquility and sensibility. An upgraded vanity is one great option, especially one that adds extra cabinet space or double sinks.

Paint – Freshly painted walls is one of the most affordable upgrades you can make for the best return on investment! Neutral, light colors appeal to most buyers. If you have wallpaper, you might want to consider taking it down and painting instead. Buyers don’t want to deal with this hassle.

Doors – Upgrading the doors of your house is a great way to modernize it, especially the outdoor doors, such as the front door or garage doors. A new front door yields the best ROI of all upgrades! If your door is already pretty new, consider giving it a fresh coat of paint.

Renovations to NOT DO for your North Shore Home

Sunroom – While some buyers will appreciate a sunroom, it’s more of a novelty than a utility. Most would rather have more outdoor space to enjoy. The ROI is only 45 percent for a sunroom. 

Pool – This entirely depends on the buyer. Some families with kids would love a pool. But, per the price of installing and maintaining a pool, the return on pools is less than 25 percent and could deter buyers who don’t want the hassle. 

Flooring – With so many options these days, flooring is a very personal choice. There’s a good chance your buyer will rip out your new flooring for their own choice, and buyers feel very strongly for or against carpeting. Your best bet is to clean or polish what you already have.

Converted garage – It sounds like a good idea, because buyers appreciate extra living space, but more buyers appreciate a place to store their cars, especially in the winter.

For more examples of renovations to make or skip, check out this MSN Money article. For help selling your North Shore home, contact me, your North Shore real estate agent! I am here to answer any home-selling questions you may have, and to help you achieve your real estate goals in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communitiesGive me a call today!

Janie Bress
Your North Shore Real Estate Expert

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