The best time to sell your home is right now. Experts expect the real estate market to stabilize by the end of 2022, which means you must take advantage of the 20% surge in pricing today to maximize profits.
All homes require some ongoing maintenance to maintain their value. That means a few cosmetic upgrades could fix the visual problems that keep buyers away.
Here are the cosmetic upgrades you’ll want to consider as a seller to get your home under contract right away.
What Are the Best Cosmetic Upgrades for a Home?
A fresh coat of paint is the best investment you can make for a home today. Whether it’s on the exterior, helps the interior, or you’re investing in both, it’ll make your property feel bright and new. Try to use neutral colors to maximize the benefits of this equity investment.
Here are some of the other cosmetic upgrades worth considering when you’re moving property in a hot market.
1. Install Crown Molding
Although crown molding isn’t a sales requirement, it gives your home some extra style while elevating the interior design elements of each room. Many buyers see this addition as a way to increase the “polish” of a specific space.
2. Change the Cabinet Hardware
Old cabinet pulls and handles can make a bathroom or kitchen feel outdated even when it was recently renovated. This low-cost option delivers an update to one of the small details that buyers look at when browsing for homes online. It’s often better to stick with options that maintain a classic or simplified look to maximize your price.
3. Use Subway Tile
Many TV shows feature subway tile installations in the kitchen and bathroom because people love this style option. If your space looks a bit outdated, try refreshing how things look by using this affordable choice. It stands up to challenging environments, is relatively easy to install, and delivers a universal look that the next owner should appreciate for a decade or two.
4. Refinish the Hardwood Floors
If you don’t have hardwood floors, your best option to increase value is to have your carpets professionally cleaned – or replaced.
When you have hardwoods at home, consider staining them to give the floors a refinished look. It’ll make the entire home feel like it is new and fresh, which updates the appearance of all the rooms simultaneously.
It is essential to professionally review your flooring to ensure it is a hardwood product. Some vinyl planks look and feel like real wood, making it hard to tell without a close examination if you should refinish or replace the product.
5. Install New Light Fixtures
Light fixtures are a simple and elegant way to change the personality a room offers. If you’ve got something in place that’s more than a decade old, it’s time to consider this update to help your property feel fresh and welcoming.
Don’t forget to verify that your wiring is disconnected from a power source before beginning. If you don’t have a voltage reader, your best option is to turn off all the juice at the panel to ensure you don’t get an unpleasant shock.
6. Paint the Kitchen Cabinets
You might have a beautiful home from the 1960s. Everything feels vintage and warm – except for the kitchen that has lime green and orange colors. Since this space often makes or breaks a sales opportunity, it’s crucial to take a few minutes to update those colors. Giving your cabinets a fresh coat of paint or updating the stain will help to accomplish that goal.
Don’t forget to give the cabinets an outer protective layer with varnish or lacquer to resist grease splatters and stains to maximize the value of this investment.
7. Update the Yardwork
Generally, it helps to spend between 10% to 20% of your property value on landscaping. Don’t underestimate the power of a positive first impression! Once you have everything updated, you’ll want to continue with the maintenance improvements to ensure the visual aesthetics contribute to a positive experience. Even waiting to mow the lawn for a week can drive potential buyers away.
As a final step, don’t forget to clean and stage your outdoor areas to help them look inviting. People want to be outside as much as they are inside today, which means having some private spaces to enjoy can add significant value to the property. Even a simple fire pit or grilling area will create extra interest as a simple cosmetic upgrade.