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How to Know if You Should Renovate Your Home Before Selling

Today’s post is a little less visually inspirational than usual, but it’s PACKED with great info if you’re going to be selling your home this year — so don’t skip this one!

Spring is peak home-selling season here in Mt. Juliet and Lebanon, Tennessee, which means now is the time to make any renovations before you put your home on the market.

Before you start dreaming of the pool and home office renos that will “guarantee” your ROI, let me say… girl, slow your roll!

The first question you should ask is… Should you even renovate at all?

That’s the big question, because not all renovations are created equal. If you update a part of the home that no one can see (or your target buyers don’t care about), you’re not going to see that money come back.

So how do you know? Let me count the ways…

Home redesign in Mt. Juliet, TN

 

step 01: consider bringing in a home stager for a consultation



Do this off the bat and you can skip all the other steps in this post! Seriously.

Half the battle of renovating your home for a top-dollar sale is knowing which renovations will bring in the biggest returns. If you can get a professional opinion on that front, you’re saving yourself time, stress, and a whole lotta uncertainty.

This is what a home staging consultation can do for you.

Even if you don’t stage your home (though you really, really should if you want great ROI), a home staging professional is the best person to call in early.

They’ll give you an actionable list for prioritizing the right renovations — and specific to your target market. After all, the characteristics of fast-selling, top-dollar homes in NY are very different from the ones selling here.

So get the inside scoop!

Home staging project in Lebanon, TN


step 02: cross these potential renovations off
 your list…



There are a few renovations that research has shown should
never be considered for selling purposes. In some cases, they can even be a deterrent to potential buyers:

Never consider updating…

  • Swimming pools
  • Media rooms
  • Attics
  • Decks
  • Offices

Don’t try to get all fancy pants with your home. Keep it simple and classic. If these are on your list of potential renovations, go get a red marker and strike ‘em out!

Home staging project in Lebanon, TN


step 03: identify any decade-defining traits in your home



Decade-defining traits are just that… aspects of your home that dish the deets on precisely how old it is. Beauty comes before age in today’s housing market!

Make a note of these decade-defining traits in your home:

  • Popcorn ceilings
  • Paneled walls
  • Appliance colors of a certain decade
  • Formica countertops
  • Tiny closets
  • Shag carpeting
  • Laundry area in a basement or garage
  • Fixed elements in a decade-defining color (I’m looking at you, lime green and flamingo pink…)

Once you’ve identified these areas, you’ll have a starting point for some impactful renovations.

Kitchen remodel in Lebanon, TN


step 04: add these improvements
to your list



Some renovations are non-negotiable for encouraging potential buyers to actually leave their cars and tour your home. Such as the exterior. Others are simple but surefire ways to make your home more attractive.

High-impact improvements:

  • Immaculate exterior (gutters, soffit and fascia, shutters, columns, bricks, shingles, etc.)
  • Neutral color palette
  • Bright, well-lit interior (and updated light fixtures)
  • Timeless finishes, aka nothing trendy

We all judge books by their covers, and it’s no different in your home. Make it shine!

Home staging project in Lebanon, TN


step 05: know what your renovations are actually accomplishing



Unless you have serious problems to address (such as structural safety issues), each of your improvements should do at least
one or more of the following:

  • Adding space for function or improved access
  • Creating or updating light sources
  • Removing any decade-defining features & replacing with timeless elements
  • Repairing or replacing any visible structural elements in disrepair

Here’s some insight into the hows & whys of a Mt. Juliet home we renovated for sale.

If you find any items on your list that don’t fall into these categories, well, you know what that red marker is for… saving your ROI!

Kitchen redesign in Lebanon, TN


extra step: accept the success stats of staging



By now, you should have a list of smart and impactful renovations you can make in your space — or maybe you’ve found that your home doesn’t need any. (Lucky you!)

My last bit of advice — and I’m going to sound like a broken record here — is to bring in a home stager to help oversee the renovations and definitely to stage the space for MLS listing photos and home showings.

Staging has some impressive stats, and I simply can’t keep them to myself:

  • 83% of staged homes receive their asking price or up to 20% higher
  • Staged homes sell an average of 78% faster than unstaged homes (and time is MONEY!!)
  • Staging is always less expensive than your first price reduction

Can you tell I’m pretty passionate about this? I want the best for you — whether you involve us or not. 😉

That’s it for now! If you haven’t yet, subscribe below to get light layering tips that will create big impact in your space!

See y’all next time,
Elizabeth

Your information will never be shared or sold to a 3rd party.

By |2019-02-04T05:17:44-05:00February 4th, 2019|construction, design, real estate staging, remodeling, tips|

10 Comments

  1. Kristie Barnett February 4, 2019 at 2:09 pm - Reply

    Great tips for knowing when and what to renovate – especially when you intend on moving soon! So many people waste money on the WRONG “upgrades.” The truth is, good home staging is about making money for the seller.

    • Elizabeth Scruggs February 4, 2019 at 8:40 pm - Reply

      You are SO right Kristie!

  2. Sheri Bruneau February 4, 2019 at 2:45 pm - Reply

    This is a wonderful post with such good tips on where to spend the money and where not to. I love the use of your phrase, ‘decade-defining traits’.

    • Elizabeth Scruggs February 4, 2019 at 8:42 pm - Reply

      Thanks Sheri!
      appreciate your input as you know all about this very subject!

  3. Amy Dennison February 5, 2019 at 6:47 pm - Reply

    Really good info Elizabeth! I, too, love the “decade-defining” traits you mention. Hope all is well with you!

    • Elizabeth Scruggs February 5, 2019 at 7:12 pm - Reply

      Thanks for reading Amy!!
      All is well here, and from the looks of everything I see you are up to, you are on fire!!

  4. Linda Leyble February 9, 2019 at 8:16 am - Reply

    Great post! I find that many times sellers over renovate, renovate incorrectly or fail to do any updating. This is a great primer to read – for any seller!

    Staging works!

    • Elizabeth Scruggs February 10, 2019 at 8:02 am - Reply

      thanks Linda!
      and you are so right- when homeowners fail to contact a professional stager, they can make all the wrong investments. Instead of “saving money,” they end up spending even more.
      So appareciate you reading and commenting!

  5. Richard Davis March 21, 2019 at 10:06 am - Reply

    I agree either you hire a home stager or get a home inspection to know if your home needs renovation before selling. Great blog by the way and thanks for sharing this helpful information!

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