Are you considering selling your home in minneapolis ? If so, you might be thinking about making a few repairs and upgrades before you list it. Some changes can be lucrative, paying off in the long run. However, not all upgrades are created equal. We will let you know which upgrades to avoid!
Updating and beautifying your home is a sure-fire way to get more potential buyers in the door. However, many sellers make the mistake of making too many upgrades or upgrading things that do not increase the property value. Some people even make upgrades that end up turning OFF buyers! Before you take a sledgehammer to the bathroom wall or make a trip to Home Depot, consider making only necessary repairs and only the upgrades that will pay for themselves by substantially increasing your home’s value.
Pools are fun but unless you have a lot of extra money to spend we do not recommend installing a pool ever. All though pools can bring great fun, they don’t add any value to a home. Also you most likely will actually will be turning off a lot of potential buyers because not everyone wants the responsibility of maintaining a pool. Bottom line: Unless you plan on retiring in your house and want to bring fun to relatives and friends for many many years to come, we do not recommend installing a pool.
Don’t Get So Personal
I know I know, you really want that purple and gold room because it reminds you of your favorite NFL football team ( LETS GO VIKINGS!!!🏈😁) but Keep upgrades simple that will appeal to a large group of people rather than just a select few. We suggest painting your walls with Sherman Williams -Agreeable Gray its a very nice soft modern gray that everyone seems to agree with LOL. Seriously we have used this color on about 90% of our fix and flips and people seem to really love it. I even painted my own house with it! You cant go wrong with it.
Leave the Basement Unfinished
Most of the time finishing a basement will cost you money in the long run. All though finishing a basement will bring up the value of your property, it most likely will not raise the value enough to get what you put into finishing it back out when the time comes to resell your house. Grant it if you need the extra room because of family growth or other personal reasons finishing your basement may not necessarily be a bad idea. Just be prepared to loss a few dollars doing it.
Make the Space Intentional
Keep the rooms as they were intended. Extra bedroom? Keep it a bedroom, not an office. Let the prospective buyers decide how they want to use the space. A room conversion will only knock down the perceived value. A 4-bedroom, 2-bathroom home will get more traction than a 3-bedroom, 2-bathroom + den at the same price. Also, a gym/office/library/breakfast nook can become confusing. Point blank: Plan your space with purpose.
What are the Neighbors Doing?
Take a peek at other homes in your neighborhood and keep your upgrades somewhere in the middle. If you go too far with your add-ons, you will be targeting high-end buyers. And maybe your neighborhood isn’t known for that. In addition, you will alienate buyers who love your neighborhood but don’t want to pay the high price. Point blank: Keep your property competitive within your neighborhood, but don’t take it too far!