Many friends asked me what I should do before selling a house to increase the value and make it easier to sell.
According to statistics, homeowners can only recover an average of 60% of renovation costs when selling their homes. In other words, decoration cannot increase the value of your home. The only thing it can do is help you attract more potential buyers and close deals more quickly.
If your house is really poorly maintained and old, and you have to do some renovations, and your budget is tight, the following 5 things may be your priority, because their return value is above average.
Doors: Replacing a steel door is the most valuable investment, with an average return on investment of 86%. The return on investment for fiberglass doors is lower, at 66%.
Exterior: Exterior wall renovation was the second most valuable investment, with an average return on investment of 79%.
Terrace: If your house does not have a terrace in the backyard, then installing a wooden terrace can greatly improve the appearance of your house, with an average return on investment of 77%. Remember that it must be a wooden terrace. Other materials are not cost-effective and will reduce your return on investment to 68%.
Garage door: Replacing an old garage door will give it a brand-new feel. You can choose a cheap material (76% return on investment) or a high-end one (75% return on investment).
Kitchen: Replace the old kitchen with a modern one. A 200-square-foot kitchen will cost you about 20,000 yuan, including the range hood, new cabinet panels, sink, floor, and plastic-sealed worktops. However, 75% of the investment can be easily recovered.
Friends, what are you waiting for? Take action now
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