When it comes to selling a property, one question always pops up: “Should I spend money on renovations before putting it on the market?” The answer isn’t always straightforward – and doing the wrong updates can actually eat into your profit. Here’s what you need to know.
1. Focus on High-Impact, Cost-Effective Updates
Not all renovations pay off. Kitchens and bathrooms tend to offer the best return on investment, especially if they’re outdated. A fresh coat of paint, modern fixtures, and good lighting can also make a big difference without breaking the bank.
2. Don’t Over Do it
It’s tempting to go all out, but not every improvement adds value. Personalised or luxury finishes may appeal to you but not to the average buyer. Aim for neutral, clean, and functional upgrades that appeal to a wider audience.
3. Consider Cosmetic Touch-Ups
Sometimes, small changes can make a property feel brand new:
- Repainting walls in neutral colours
- Updating door handles or cabinet knobs
- Deep cleaning carpets or replacing them if worn
4. Understand the Local Market
In some areas, buyers expect fully renovated properties; in others, minor cosmetic updates are enough. Your estate agent can provide guidance on what’s realistic for your location.
5. Weigh Cost vs. Potential Sale Price
Before starting any work, estimate the cost and how much it might add to your sale price. If the renovation costs more than the potential increase in value, it’s better to focus on presentation and marketing instead.
Final Thought
Renovations can help you sell faster and sometimes at a higher price – but only if you choose the right updates. Smart, strategic improvements are often better than a full-scale makeover.
For personalised advice on what upgrades make sense for your property, reach out to our team – we’re here to help you sell smarter.
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