When you’re thinking about putting your home on the market, you’re probably wondering whether repairs or upgrades will pay off.
Unfortunately, not all work you put into your home comes back to you by way of profit when you sell.
So which repairs and upgrades are most likely to pay off in the end?
Repairs vs. Upgrades in Your Marco Island Home
When you’re selling your home, it’s entirely up to you whether you should make repairs or upgrades. If they fit within your budget, and if they’ll make financial sense when you sell, by all means – tackle those projects!
However, you need to know which will have the most benefit before you start making your “To Do” list.
Many “quick fixes” can pay off big when you decide to sell your Marco Island home. Those include:
- Caulking doors and windows
- Fixing and repainting fences
- Fixing cracked concrete
- Painting walls and ceilings
Many REALTORS®® will tell you that you shouldn’t spend a lot of money on upgrades if you’re putting your home on the market. However, small upgrades – such as modernizing faucets, light fixtures and other fixed pieces in your home – may make a big difference in what buyers are willing to pay.
Other upgrades that may pay off include:
- Staining and refinishing cabinets
- Adding energy-efficient appliances
In most cases, big upgrades don’t pay off as well as small ones do (just ask HGTV; their pros say that even if you redo your entire bathroom, you’ll only end up adding $200 to your profits).
Thinking of Upgrading?
Before you make any decisions on whether to upgrade or repair your home before you sell it, talk to your REALTOR®. Because your REALTOR® knows what’s going on throughout the Marco Island real estate market, he or she will be able to tell you whether it’s better to save your energy or put some effort into boosting your home’s worth.