Home valuation is the first step when you want to sell your home. A home valuation is a
property assessment performed by a third-party certified home appraiser officer. It is a crucial
process as it will determine how much your property is worth. If the appraisal is poor due to
property issues, unfavorable real-estate market, bad neighborhood, etc., it will fetch a lower
price from the home appraisal. So, if you want to ensure that your property will obtain a
higher price, you may need to consider some home repairs and renovations.
Following are the top home repairs and renovations that may help enhance your property’s value:
1) Increase usable space
You can increase the square footage of your property by demolishing a wall and joining two
small rooms into a bigger one to make it look more spacious and larger. Buyers are usually
attracted to buy properties that offer more space instead of cluttered rooms.
2) Kitchen and bathrooms remodeling
Kitchen remodeling and installing new appliances and cabinets can significantly boost your
property’s appeal and value. In addition, many buyers are happy to pay a higher price if the
bathrooms are remodeled and well-equipped with modern amenities.
3) Necessary repairs
Although major kitchen and bathroom renovations can help boost home value, they are not
always necessary. You can also improve your property value by ensuring all the required repairs
are done and replacing all the faulty appliances.
4) Updating lighting and other fixtures
A more affordable way to improve your property’s appeal for a higher appraisal score is to
make small changes such as updating all the lights with energy-efficient LEDs, replacing
doorknobs, ceiling fans, and other small fixtures that look old and worn out.
5) Update the curb appeal
And, of course, your property’s curb appeal has a significant impact on the appraisal value.
Therefore, do not forget to update the curb appeal. For example, you can hire a professional
cleanup company to beautify the front and backyard. In addition, you can improve the
landscaping by adding flower pots, patio furniture, fixing cracked concrete pathways,
and a new paint job.
Is there any alternative?
Major repairs and renovations usually cost a lot of money. But not doing the repairs may put
you at a disadvantage when negotiating with buyers. Moreover, most buyers will pay less if they
need to take care of the repairs afterward. Therefore, it may be an undesirable deal for the
home sellers. Also, it may take much longer to find buyers for a property that needs major
renovations. But there is also another option. You can consider selling your property to a
professional home buying company such as Managed By Elite.
Managed By Elite is dedicated to offering hassle-free solutions to homeowners who want to
quickly sell their property as is without spending money on any home renovations or remodeling.
We buy residential and commercial properties of all kinds in any condition. In addition, we will
also take care of costs associated with fixing and reselling or renting the property so you can
quickly sell your property to us and get a fair cash offer for your property.
We have extensive financing resources to buy properties throughout any real-estate market condition. In addition, we can close a property sale within 7 days to 20 days, including all legal documentation associated with the property. So, if you want to avoid the frustration and risk of selling your property during uncertain market conditions, get in touch with our team to schedule a free consultation and get a same-day cash offer!