Before selling your home, it’s best to understand the different factors that can affect your success in the market. Among many, two of the most crucial elements to focus on are your house’s structural quality and visual value.
After living in it for years, your property will be in no perfect shape and have its fair share of wear and tear. Your home may have dirty corners, faded surface colors, plumbing leaks, and old lighting fixtures. Repairs and updates are necessary to fix the various states of disrepair, restore your home, and boost your resale value.
If you’re planning to list your house in The Old North State, here are some renovation tips you can use before selling real estate. After following these pointers, work with North Carolina realtors to ensure a smooth sale for your property.
Factors To Consider Before Renovating
Repairing your home to make it as appealing as possible takes time, money, and a lot of effort. Be sure you know what you’re working towards, and keep a few things in mind before proceeding with the fixing.
Market Health
Research online or talk to real estate experts to learn how healthy the market is in your neighborhood. If your area has a slow market or if you’re listing during months with low customer volume, then renovations may be ideal. However, if you live in a place with a hot market, you may want to gauge if renovating is a viable move, as listing early can lead to a faster sale.
Listing Timeline
The scale of your renovation should factor in how much time you have between starting your project and moving to your new home. With a short-term duration, you may not have the time to do a lot, so it may be suitable to do simple repairs and changes like the following:
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Repaint rooms
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Change lighting fixtures
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Update kitchen fixtures
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Paint kitchen cabinets
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Improve landscaping
If you have a lengthy timeframe, it’s advisable to work with a residential contractor to do extensive fixes around your house. A complete overhaul will help boost your property’s value, so focus on these tasks to get the best results:
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Full kitchen remodel
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Basement remodel
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Bathroom update
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Custom cabinet installation
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Roofing installation
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Deck installation
Return on Investment
While remodeling can increase the price value of a home, a massive return on investment is not a certainty. Before deciding whether you should renovate, set your ROI expectations early and estimate your projected costs against your target value for listing.
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Costs
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Timeline
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Sweat equity
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Possible delays
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Carrying costs
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Missed market costs
Do-It-Yourself Renovating Tips
Instead of hiring professionals, you may opt to handle a few repairs, updates, and cleaning by yourself. Check out these DIY projects that can help you save on labor costs and boost your profit:
Interiors
Showings will give potential buyers a closer look at your house, so it pays to keep your indoor space presentable. Here are some fixes and adjustments you can use for your interiors:
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Use neutral paint for your walls.
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Keep your indoors well-lit.
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Repaint or update your cabinets.
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Use cellular blinds to brighten up rooms.
Exteriors
A big part of your property’s presentation lies in how it looks from the outside. Enhance your curb appeal by following these steps:
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Repaint your main door.
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Change exterior lights.
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Fix loose siding.
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Change broken or loose bricks in your walkways.
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Repair and repaint damaged fences.
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Place flowers and plants on your porch or deck.
Property Cleaning
After all the repairs and updates, make your home presentable by deep cleaning indoors and outdoors. A thorough washing can make your property more appealing to buyers, giving you better chances of sealing an excellent deal.
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Wash interior walls and exterior siding.
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Mow your lawn and remove weeds.
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Clean your gutters.
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Pressure wash your driveway, sidewalk, and walkways.
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Remove leaves from your pool.
If you want a successful property sale in the Tar Heel State, realtors can help you sell at the price you want. Reach out to reputable North Carolina realtors who can lead you to exceptional deals and help you meet your objectives. Finding the best buyers is easier with an expert, as their keen understanding of the market can help you sell your listing at the highest price.