Should You Renovate Before Selling Your Home? Consider the Cost of Doing So

If you are considering selling your home then you may have wondered if it’s a good idea to renovate your home. The answer is not as simple as yes or no – it depends on numerous factors. One of those factors is the cost. Keep reading to find out about various renovations, some minor and some major, and then contact Berkshire Hathaway HomeServices at (310) 373-0021 for tips on selling your home.

Painting a Room

Depending on the size of the room, it will cost around $200 to $400 to paint a room and will take an average of one day. A good option is to update your walls to a neutral color. While white is an ever-popular choice, a warm gray can help add personality while still allowing buyers to imagine themselves living in the home.

If you decide to hire a painter instead of doing it yourself, then you are better off painting more than one room. Why? Because you’ll get a better value. You will end up paying more for more of their time, but the cost of getting them to your home and set up is the majority if the cost. Adding another room or two is comparatively inexpensive.

Installing Crown Molding

This project will take a few days and cost between $300 and $500 per room. It may seem like a small item but it can make a big difference and lead to a better sales price. Generally made from wood, crown molding is added to the top edges of door frames, walls, and cabinets. It adds a class, elegant, and vintage look to a room. The project involves painting, prepping, and installation. This is also an option for covering up problem areas on walls, around windows, or around doors.

Remodeling the Bathroom

This is a major renovation that will cost at least $35,000 and can cost as much as $65,000 or more. It will take anywhere from three weeks to three months, depending largely on inspections. This is obviously a much larger financial investment but it can be a deciding factor for a buyer. Today’s homeowners simply don’t want tiny bathrooms. They want natural light, a soaking tub, and his and hers sinks. If you want to go all out, you can add luxurious touches like heated floors or a spa bathtub.

Are Any of These Renovations Wise for Your Home?

If your neighborhood is in a seller’s market and your home is in good shape then you likely don’t need to make any renovations to get buyers interested. However, if you live in an area in which homes sit on the market for months and months, then investing in a renovation could be what gets your home sold before everyone else. Contact Berkshire Hathaway HomeServices at (310) 373-0021 to learn more about your options and to get your home listed.