Where to Save vs. Where to Splurge When Listing Your HomePreparing to sell your home can be quite the ordeal, and when you’re dealing with all the paperwork and open houses, it can feel like an absolute whirlwind. It’s easy to forget that with just a few small renovations, you can increase your home’s value exponentially. However, it’s important to note that not all renovations are created equally. Read on to discover which areas of your home you should invest in, and where it may be worth saving those extra dollars.
Save: Painting
Giving your home a fresh coat of paint is one of the lowest cost renovations with a very high rate of return. Don’t underestimate the power of a clean and simple neutral paint colour to give your home a much-needed face lift. While you could always go the professional route, it’s going to be a costly investment to repaint your entire home. Instead, grab a few friends and opt for the DIY approach, which will yield similar results without the hefty price tag.
Splurge: Kitchen Remodel
The kitchen is one area of your home that has the potential to really impress future buyers. When done right, you’ll be able to recoup the majority of your initial investment, and even more so if you’re updating an older kitchen. Focus on implementing functional and accessible upgrades, like lowered light switches, countertops and cabinets. These are upgrades anyone can take advantage of, and will help to make the space functional for every family member.
Save: Bathroom Refresh
While it might be nice to go all-out and remodel your bathroom, it can be quite costly and might not always get you the return on investment you were hoping for. Instead, focus on smaller changes that pack a big punch. No matter the existing floor tiles, clean grout is an absolute must, and luckily, it’s easy to do yourself. You can also change out the fixtures on your sink and tub to give your bathroom a more luxe feel.
Splurge: New Flooring
If you have several different types of flooring all throughout your home, it may be worth the investment to choose one kind of flooring to create a more cohesive look and feel. Wood or faux-wood flooring is often more preferable to carpet, as the latter can trap dust and require frequent cleaning. When in doubt, remember to always opt for a neutral colour.
Save: Lighting
As the old saying goes, less is more, and while you may love big and elaborate crystal chandeliers, they might be overpowering your space and distracting potential buyers. Opt for minimal pendant and ceiling fixtures that compliment each room in your home. Things can start to get prices, but if you shop around at stores like Ikea, Home Depot and Lowes, you’ll often find options for under $100.
Selling your home can be a hassle, but it doesn’t have to be that way. Explore our guides on moving and decluttering that’ll make the entire process feel like an absolute breeze.