When you sell your home, you want to sell it as quickly (and profitably!) as possible. And, depending on the state of your property, that may mean making a few upgrades before you put it on the market.
But what upgrades can actually help you sell your home more quickly?
According to a recent study from homeownership resource Knock, homeowners that tackle improvements before putting their home on the market sell, on average, 30 percent faster than those that don’t—and certain upgrades can help homes sell more quickly than others, including:
Repainting kitchen cabinets. Adding a fresh coat of paint to kitchen cabinets costs, on average, $1,319—but according to Knock’s analysis, it can help a home sell a whopping 10 days faster than homeowners who choose not to repaint shabby cabinetry.
Remodeling the bathroom shower. Remodeling a bathroom shower will cost, on average, $1,043—but it can also help you sell your home 9 days faster, which makes it worth the investment.
Refreshing the backsplash. If you are looking for an upgrade that is going to deliver serious results for a relatively minor investment, consider refreshing your kitchen backsplash. The improvement costs, on average, $641—but can help you sell your home 9 days faster than homeowners who choose not to upgrade their backsplash.
The Takeaway:
Taking the time to upgrade your home before you list can help you save time on the market, which can save you money on mortgage payments, taxes, and utility bills. Also, the longer your house is on the market, the less likely it is you will get your asking price (or above)! So make sure to make any necessary upgrades before putting your home on the market.
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