Selling your home? Then you’ve likely had that rude awakening where a real estate agent tours your home and breaks some tough news: Your house needs work before it goes on the market.
For starters, you’ll have to fix the boiler. And paint. And replace those outdated cabinets … the list might go on and on.
Given that all these tweaks cost money, you might wonder: Do I have to do everything?
Many of these fixes are indeed necessary, says Kathleen Kuhn, president of HouseMaster, a national chain of home inspection offices.
“Any defect or condition that affects the intended function or operation of a major house system should be fixed,” she says. This would include taking care of leaks, built-in appliances not functioning properly, insect infestations, plus any imminent safety or environmental hazards.
But beyond that, it’s up to you: Sure, the nicer your home looks, the more money you’ll likely be able to fetch when selling it. But not all improvements you make offer the same return on investment. Here are some fixes that some experts say you can pass on without too many repercussions.
1. Fixing cosmetic damage
Cosmetic damage includes things such as scuffed floors or peeling paint: They don’t interfere with the function of your home, although they do make it look run-down. The good news is, a keen home buyer knows to look beyond that, says Craig Webb, editor of Remodeling Magazine.
“Sophisticated home buyers and home flippers know that cosmetic damage can be easily fixed,” says Webb. What will give them pause is the hard stuff.
“They are going to want to know that the electrical and plumbing systems are up to grade and that the utility bills are decent,” says Webb. If the home’s structural issues are sound and the “bones” are good, then you can let the surface stuff slide.
2. Updating kitchens and bathrooms
So your kitchen is woefully outdated, your bathroom avocado green (yuck). That may be OK. Really.
The reason: Many buyers these days look forward to remodeling these “fun” areas—plus, trying to second-guess what they want and have it there waiting for them is just plain unrealistic, given all the home decor styles there are to choose from today.
“Maybe you favor a French provincial kitchen and he or she likes Scandinavian modern,” says Webb. “People have very different ideas about what a perfect kitchen is or what a perfect bathroom is. It’s a big risk, and unless you know your exact buyer, it’s better not to guess. The next person will impose their own dreams on the house anyway.”