Are you considering selling your home in Lincoln? If so, you might be thinking about making a few repairs and upgrades before you list it. If it’s simple enough, sometimes this is a good idea. Some changes can be lucrative, paying off in the long run. However, not all upgrades are created equal. In fact, there are several upgrades to avoid! We will let you know which upgrades to avoid!
For many, it’s best to just sell your house as is. Getting cash in hand for selling a mobile home is great, but for those with some time, updating and beautifying your home is a sure-fire way to get more potential buyers in the door. However, many sellers make the mistake of making too many upgrades or upgrading things that do not increase the property value. Some people even make upgrades that end up turning OFF buyers! And which upgrades to avoid may surprise you. Before you take a sledgehammer to the bathroom wall or make a trip to Home Depot, consider making only necessary repairs and only the upgrades that will pay for themselves by substantially increasing your home’s value. Here are the major upgrades to avoid.
Don’t Add a Pool Unless YOU are Swimming In It
A pool is one of the top upgrades to avoid. You will not be able to add the price you pay for a pool onto the previous value of the home. It doesn’t work that way. We have seen people spend over 50k to add a new pool, only to be able to add a couple thousand to their asking price. Unless you plan on swimming in the pool yourself for years to come (which means you don’t plan on selling for years to come), a pool will end up costing you more than it adds value. Point blank: A pool doesn’t provide returns.
Don’t Get So Personal
Other upgrades to avoid include overly customized designs. We’ve mentioned this in other blog posts, but your potential buyers want to picture their lives in your home. Examples of over customized designs can include overly designed kitchens, baths and anything else that you consider one of a kind. Consider toning down bold colored rooms and creating environments that are a bit more neutral. A can of paint is a lot less expensive than a total room redo, especially if you’re looking to sell your mobile home fast. And on that note…
Don’t Decide for Your Buyers
If there are obvious repairs or upgrades needed, don’t make them. This may seem counterintuitive. Instead, provide a credit to the buyer, so they can have things done the way they want. It can be a great incentive when buyers have the ability to decide on the details of the home. People will be attracted to the idea of choosing their own countertops and lighting fixtures. This actually makes it so much easier for you because this means selling your house as is can be a benefit. Point Blank: Don’t make upgrades based on your own personal enjoyment or taste.
Leave the Storage Shed Alone
Did your mobile home come with an attached storage shed that’s incomplete? If, so… leave it that way. The costs to finish the shed aren’t worth what you will get back. Plus, many buyers will choose to renovate those areas on their own terms and may want to get rid of it. If you haven’t renovated it while you lived there, there is no reason to do it now that you are trying to sell. If you want to sell your mobile home fast, ignore it. Point Blank: An unfinished storage shed is best left that way.
Make the Space Intentional
Keep the rooms as they were intended. Extra bedroom? Keep it a bedroom, not an office. Let the prospective buyers decide how they want to use the space. A room conversion will only knock down the perceived value. A 4-bedroom, 2-bathroom home will get more traction than a 3-bedroom, 2-bathroom + den at the same price. Also, a gym/office/library/breakfast nook can become confusing. Point blank: Plan your space with purpose.
What are the Neighbors Doing?
Take a look at other homes in your neighborhood and keep your upgrades somewhere in the middle. Use your common sense to decide which upgrades to avoid. If you go too far with your add-ons, you will be targeting high-end buyers. And maybe your neighborhood isn’t known for that. In addition, you will alienate buyers who love your neighborhood but don’t want to pay the high price. And if you need to sell your mobile home fast, maybe you’re better off just selling your house as is. Point blank: Keep your property competitive within your neighborhood, but don’t take it too far!