Spend Time Before You Spend a Dime

Unless your home is in mint condition or you’re selling a ‘fixer-upper’, there is probably a long list of repair or remodeling projects to consider. These can range from relatively simple jobs – such as painting a bathroom to more complex room addition or remodeling projects.

When considering any home improvement project, ask yourself if it would be considered an amenity or something that truly needs to be done, as in repairing a leaky roof vs. adding a hot tub in the backyard or converting a bedroom into an office. Ask yourself will the project add value, or make your home more difficult to sell?

Some investments – like painting and yard work – cost relatively little and yet they return several times over your initial investment. Other improvements that you would think add value can actually work in reverse, for instance, the addition of a swimming pool. Having a swimming pool on your property can greatly reduce your home’s appeal to a potential buyer. A potential buyer may see it as a negative because of the need for upkeep and scheduled maintenance,  and families with small children will have concerns over possible safety issues, too.

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