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Planning Updates With Future Buyers in Mind

Not every upgrade boosts value. Buyers favor functional layouts, light and move-in ready condition, while highly personal projects often bring limited returns.

NEW YORK — When it comes to home selling, it's easy to assume that investing in renovations will equal more value. Even so, many of the upgrades that homeowners choose, often at a hefty investment, don't help a home sell faster or for more money. Buyers prioritize layout, light, condition and flexibility, and they value improvements that are not highly personalized or overbuilt.

When looking to renovate your home, here are some tips on what will help you get the most bang for your buck:

Do

  • Do invest in low-cost refreshers for key areas such as kitchens and bathrooms. These can include elements such as replacing cabinet hardware, repainting or upgrading a countertop.
  • Do replace outdated appliances. Even mid-grade, new appliances can have high appeal to potential buyers.
  • Do upgrade lighting. Higher wattage bulbs can go a long way to make a home feel lighter, brighter and more attractive.
  • Do maintain existing room count. A bedroom count is critical when it comes to home sales.
  • Do research area homes and your local real estate market to know what the popular amenities or improvements are desirable in your town.

Don't

  • Don't install overly personal elements such as personalized built-in areas or personalized colors.
  • Don't convert garages, basements or attics into niche spaces. These types of improvements may prove to be "over improvements" that may not give equal return.
  • Don't install "fixed" décor elements such as wallpaper or custom wall elements. Many potential buyers view such personalized details as "money, worry and work." Most buyers desire properties that are "move in ready."
  • Don't invest heavily in outdoor features. While landscaping can greatly enhance curb appeal, elements such as pools, outdoor kitchens or hot tubs may be a possible turn off to potential buyers.

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