To paint or not to paint? The dilemma of pre-sale home renovation.
If you are looking to sell your home in 2024, you may be wondering whether or not it is worth investing time, effort and money in redecorating your home before listing it. Here, we explore that ever-tricky dilemma.
With the 2024 market looking optimistic, thanks to the decreasing mortgage rates and a fall in inflation, now is a great time to get moving. Many of us have spent many years creating a beautiful home that we love and now, as you come to sell, you may be wondering what you need to do to really show it off to buyers. Here, we hope to show you how you can really maximise the potential of your home:
Addressing maintenance issues: Signs of wear and tear, leaky taps or cracked tiles can often deter buyers who expect a certain standard in a premium property. Fixing these issues can help improve the overall appearance of your home and show buyers that your property has been well-cared for.
Creating a blank canvas: A home is a very personal space and can show so much about you and your personality. With that being said, everybody is very different so allowing someone to picture themselves in your home is key to selling. Neutral colours and brightening up rooms with a fresh lick of paint can provide a blank canvas, whilst also making rooms appear larger and more inviting and appeal to a broader range of buyers.
Staying within budget: Whilst some redecoration and repairs can add value to your home, it is essential to strike a balance to avoid overspending. Focus on cost-effective upgrades that offer the highest return on investment. Consulting with your estate agent can help you prioritise any renovations and allocate your budget wisely.
Major works: if your kitchen or bathroom is looking tired, you may wish to speak with your estate agent before jumping into any major works. In some cases, selling a home as-is may be more advantageous than delaying listing whilst you undergo extensive redecoration due to the current market conditions. Some buyers may also prefer to undertake the works themselves and to their personal tastes, rather than paying a premium for a new kitchen they wouldn’t have necessarily chosen themselves.
Selling your home can be an emotional journey and it is natural to want to showcase it in the best light possible. Speak to your local By Design agent today to find out whether to embark on any redecoration or renovation will help to sell your home.
