A very common question I get is what should I renovate/upgrade before selling my home. It really depends on the condition of your home. If your home has a health or safety issue then you should remedy that first, if not for yourself, certainly for a prospective buyer.
The simple fact is that most renovations/upgrades do not yield a positive return to a seller. For example if you spend $100,000 on renovations to your property before selling, you are likely to get 70-80% of your money back. And that assumes you are paying a reasonable fee to professional trades people to do the work. I always tell people that if you are thinking about doing renovations to your home, make sure you are doing it for you and not for the next owner. Make sure you enjoy the renovations yourself because the next owner is likely to have very different tastes & preferences to yours. In fact, they may end up tearing down the home to rebuild something completely different. I’ve seen it happen!
There are definitely some things worth doing before putting your home on the market. One of the obvious things is a coat of fresh paint if your home needs it. It’s low cost and usually gives you a strong positive return. The other suggestion is to look after minor fixes & maintenance to ensure your property is good working order. People can tell very quickly if a home has been well looked after or neglected. Guess which homes sell faster & for more money.
I have a Home Renovation Guide written by professional appraisers, which provides indicative costing for various types of renovations and the likely return on investment when you sell your home. I’d be glad to share it with you if you are interested. I’d also be happy to answer any specific questions that you may have about what to fix/upgrade if you are thinking about selling. It’s as simple as messaging me below.