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Home improvement4/18/2023 These imperfections are particularly noticeable in marketing photos and virtual tours. Most homes have natural wear and tear, a few dings on the walls or nail holes remaining where art used to hang. Buyers are making life’s biggest investment, and they want the peace of mind that they’re investing in a home that was well cared for.”Ĭonsider these lower-cost projects that can offer bang for your buck. “Thumbtack research finds a well-maintained home can sell for about 10% more than a similar home in average condition. “A well-maintained home is one of the best ways for homeowners to attract buyers,” said David Steckel, home expert at Thumbtack. You don’t have to spend a lot of money to make your home more appealing to buyers - and doing so can make a big difference. īest low-cost home improvements for resale If you’re contemplating investing in a major remodeling project in 2023, the following 10 home improvements provide the best return on investment for homes nationwide, according to Remodeling Magazine’s 2022 Cost vs. And nearly one-third of recent sellers surveyed think they could have gotten a higher price for their home had they made more home improvements or repairs before selling.īut not all home improvement projects are created equal below, we outline what will deliver the best ROI and which low-cost projects you shouldn’t miss. Research commissioned by Zillow and conducted by The Harris Poll in November 2022 finds that 65% of sellers who have sold a home within the past two years take on at least two home improvement projects to prepare their home for sale. When you’re preparing to sell, expect to make at least a couple of improvements before listing. It’s best to make home improvements that serve your current functional needs as well as appeal to future buyers. Few investments recoup more than 100% of their cost, but collectively, a handful of high-quality, functional and cohesive home improvements can increase buyer interest and resale value. Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with return on investment (ROI) in mind is a smart financial move. What if I can’t afford home improvements before listing?.How to budget for renovations to increase home value.Minimum repairs: What to fix before selling a house. Renovations that won’t add value in every market.Best low-cost home improvements for resale.
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