When updating your home, not only consider everyone in your household, but also future buyers if you plan to sell in the next few years. Be sure to think about the salability of your remodeling decisions and study these few suggestions for choosing updates that will meet the approval of buyers.

Learn to Love Neutral

Because you’ll want to appeal to a wide range of buyers when selling your home, try to select neutral colors. Whether it is paint for the walls, appliances or other updates, bold colors are generally not desirable. For a modern look that is attractive, consider one of the many shades of gray or decorator whites, cream, tan and brown that will work for a variety of tastes.

Consider the Neighborhood

When upgrading from older appliances or installing a new feature, you’ll want to be sure to think about the neighborhood trends and what other homes are likely to include. Don’t automatically take the least expensive route to renovations, but also don’t overprice your improvements. For example, a $2000 appliance in a starter neighborhood will likely not increase the value of your property as much as you would expect. On the other hand, base appliances in an upscale neighborhood may prevent buyers from being interested in your property at all.

Focus on the Practical

Unless you live in a strictly high-end neighborhood, most buyers choose updates or additions that are practical such as ample storage space, an attraction for buyers in almost any financial bracket. Smart home features also appeal to many homebuyers because of the potential convenience and/or savings that they offer. If an update or addition adds functional living space to the property, such as an outdoor kitchen, these improvements can also win over buyers.

So, if you are making updates specifically to sell your property, try to survey the needs in the entire house and not just one area.  Also, keep in mind that it’s usually better to make a few updates rather than a major remodel on one room and leave everything else in its outdated condition. Once you have a budget for your updates, be selective about how you use your monies to help your property.  If done well, these changes can affect a faster sale and greater profit.

For additional ideas or specific suggestions regarding beneficial updates to your home, feel free to contact me today for a consultation. I will be happy to answer any questions you may have, help you to find a new home or determine the value of your existing property.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
[email protected]

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.   

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