Normally, I would advise a prospective seller not to renovate their home to make it more appealing to buyers, because statistics have shown that you don’t recover 100% of what you spend on improvements. The only exception to that is cosmetic improvements which eliminate eyesores, such as peeling paint, floor damage, or anything that draws immediate negative attention on the part of visitors. Those repairs are worth it.
My other frequent advice is to make improvements which make you happy, albeit with an eye to what would look good to prospective buyers. Would you like a new kitchen or bathroom? Renovate it now, don’t wait to do it when you are ready to sell and want the home to have greater market appeal.
Since you don’t recover 100% of what you spend, do it now so that you can enjoy it, satisfying yourself that it will also help the home sell when the time comes.
Because the market is cooling and interest rates are so high, it might be a good time for sellers to hold back and make those little or bigger improvements that would make life better. Maybe you will want to sell next year or maybe you won’t, but meanwhile, you’ll enjoy your home more.
My broker associates and I would be happy to visit with you in your home and discuss those little and bigger improvements that suit your needs but would also make your home more attractive when the time comes to sell. We won’t be trying to convince you to sell, so feel free to request such a visit. We can also recommend vendors/contractors to make those improvements you decide on.
Golden Real Estate's Blog 