Before listing a home on the real estate market, you may be considering making renovations. Home renovations can be
costly and depending on the home upgrade being done, can be time-consuming.
With these things in mind, you may be wondering if pursuing a home upgrade before selling your property is worth the
Increase property value
Both interior and exterior home upgrades can increase the value of your property. For example, let’s say you decide
to replace your garage door – it’s estimated, this replacement cost can be recouped over 106 percent once the
home is sold. Not only do you recover the cost of the project, you also gain money in return.
Working with a real estate professional can help you decide if home improvements are worth your time and money. Some
markets may offer the opportunity for great profit from upgrades, while others not so much.
Attract more potential homebuyers
Home upgrades polish up and beautify your property, which in turn can make it more attractive to potential
Exterior upgrades to your property can help to boost your home’s curb appeal. For example, on average, it costs $300
to 3,000 to upgrade a concrete driveway. This single upgrade can increase your properties value anywhere from 5 to
10 percent, which in turn makes you quite a profit.
Starting home improvement projects requires a deal of research and work, so take your time along the way. Working
with a real estate professional can help you decide if your project is worth it and where to get started.