Own a home in Eugene? Thinking about selling it and looking to maximize what you can get out of it? You may be considering upgrades and repairs before listing, and while this is a great idea in some cases – not all upgrades actually pay off in the long run when it comes to selling your home.
There’s no doubt about it – updating and upgrading certain aspects of your home is a great way get the attraction of more and better buyers. But not every upgrade is worth it. In fact, some cost way more than they can actually justify in terms of value gain. Too often a first-time seller will overspend on updates, improvements, and upgrades without realizing that they key is not to make every update, but only to make those with the highest ROI. In fact, making the wrong updates can even turn buyers off. So before you spend all that money and go to the trouble to do that big remodel – read this article.
Trying to sell your home in Eugene? It’s not always as easy as it looks. Who knew that making the wrong upgrades to your house could actually HURT your ability to sell it? Why aren’t all upgrades a good idea? There are a million questions and things to consider when trying to sell your Eugene home. It can be a jungle out there. Cornerstone Properties is here to help with advice, insight, answers to your questions, and more. Just give us a call at (541) 632-4351 or fill out the form below today.
Some Upgrades You May Want To Rethink
What upgrades should you steer clear of? It will depend on your individual house and market, but here are some upgrades that end up being too costly or just simply not worth it:
- Don’t Add a Pool: Pools do not add value to a house. So you really would only want to add a pool if you were going to swim in it yourself. No matter how much you put into the pool, the return in terms of home value are incremental.
- Avoid Making Anything Too Personal: When it comes time to update and upgrade areas of your home, don’t let your own personal taste or style dictate your changes. Go with what is functional, modern, and in line with the market around you. You want to invite your buyer to imagine this as being their home – so putting elements of taste or style in it that they may not like will only hurt your ability to sell the house.
- Just Leave that Basement Alone: Just like the pool, basements are just not worth the cost of a remodel because doing so does not increase the value of the home in any significant way.
- Don’t Make Decisions for Your Buyer – Let Them: Often times we think we have to update and make decisions about remodels and upgrades when instead we should leave this to perspective buyers. So avoid doing anything that would look “one-of-a-kind” or unique. Leave those kinds of decisions up to the next person to own the home.
- Check Out What Your Neighbors are Doing: You want to be in line with the rest of the neighborhood on what you are offering with the home. You don’t want to overspend so that you don’t maximize your ROI, but you don’t want to underspend either and not offer the same level of comfort that the other homes in your neighborhood offer. The idea is to be competitive without spending too much.
- Leave Things As They Were Intended: It might be tempting to do a room conversion to maximize the value of the home, but in most cases this just doesn’t work out in your favor. For example, a 3 bedroom, 2 bath house in a neighborhood where almost all houses have 3 bedrooms and 2 baths will likely sell more competitively than a 2 bedroom, 2 bath, and 1 office house.
Looking for some help selling your house in Eugene? The market is tricky. Getting advice is a good thing—something we can help with. Just call Cornerstone Properties at (541) 632-4351 or fill out the below form.