Presale Home Renovation Ideas to Get Maximum ROI - MoneyTap Blog
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Presale Home Renovation Ideas to Get Maximum ROI

When you put up your home for sale, you probably have just two concerns – how much money you’ll get and how soon you’ll get it. But, if you want to make a profitable sale, you need to understand the way buyers think and look at things from their perspective and not yours.

A potential buyer would want to see a house that looks clean, fresh and streamlined. If yours isn’t, then you need to get the home renovation done before you put it up for sale in the market.

Understand the psychology of the buyer’s mindset

Most of us are visual buyers. If a thing appeals to us visually, we are likely to appreciate it or buy it. It’s the same thing with a potential buyer who checks out your house.

If your home doesn’t look clean, spotless, and repaired, then the buyer thinks about how much money has to be invested to do the home repairs. That instigates them to ask you to lower the price on the house.

Create optimal circumstances that can help you make a profitable sale for the price you really want.

When buyers set foot into your home, they form an opinion based on their feeling. Therefore, it is important that you make your home conducive for a good first impression because…

First Impression Counts the Most…

Do these few basic things to make the right first impression:

    • Pick up the clutter that’s floating around
    • Throw out old magazines
    • Steam clean the carpets, the furniture, the upholstery,
  • Clean the windows and light fixtures

Repair anything that looks worn, torn or broken

These following home renovation ideas or home repairs are worth the investment:

  1. Mini-makeover of the kitchen

The kitchen is the heart of the home. And an impressive kitchen automatically improves the value of your home. You don’t need to spend a fortune to make a major improvement in your kitchen; Investing in a minor-facelift can do the job.  

Some of the things you can do to make your kitchen big on appeal:

  • Paint cabinets or get new cabinet doors
  • Change the cabinet hardware
  • Upgrade counter tops
  • Paint the kitchen walls
  1. Bathroom remodelling

The bathroom has to be clean and everything in it should work fine. It’s a necessity and buyers put a lot of focus on it.

Make these vital changes before putting your home is up for sale:

  • Fix the leaky faucet
  • Replace the toilet seat
  • Clean up the grout or replace it
  • Replace missing or cracked tiles
  • Paint the bathroom walls
  1. Improve energy efficiency

Renovating the kitchen and updating the bathrooms are both great home improvements that can fetch you high returns. Making energy efficient upgrades in your home may just add to the value of the house. Today’s home buyers know that buying an energy-efficient home can save a lot of money on utilities.

Upgrade your home into an energy-efficient house with these changes that cost less but provide a positive return on investment:

  • Replace old furnaces and hot water heaters
  • Upgrade HVAC, windows
  • Install LED lights

Tip: Ensure that your realtor promotes your home as energy efficient. Also, consider providing copies of your utility bills to potential buyers to prove your claim.  

  1. Replace the roof

That’s probably the last thing a home buyer would want to spend on.  So, you need to make sure that your roof is in good shape and continues to stay so for the next 10 years. So, if you have to, replace it.  

  1. Improve curb appeal

When your potential buyer pulls up to the curb, there should be a surge of positive energy. Enhancing the curb appeal is essential to make your buyer feel the good energy.

Making these minor changes to your home’s exterior doesn’t have to cost a fortune.

  • Power wash the home’s exterior
  • Paint the home’s front door
  • Improve the landscape – trim shrubs and plant seasonal colorful plants

It is recommended that you do these minor and major home improvements to increase the value of your house.

Tip: Leave the design-based improvements at the discretion of the new buyer.

Are you wondering how you’ll manage to finance the much-required home repairs? A home renovation loan can help. Better still is a personal loan for home renovation from MoneyTap.

Get MoneyTap to finance your major and minor home renovations. Download the app today!

MoneyTap

India’s first app-based credit line, MoneyTap is a Bangalore based business that lends money with flexible interest rates, making credit quick and easy.

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