Published October 14, 2024
Are Pre-Listing Renovations Worth the Investment?
Updating the bathrooms and replacing old flooring can boost your home’s value without breaking the bank.
When it comes to renovating your home before selling, one of the most common questions homeowners ask is: What updates will give me the most value for my money? The truth is, there’s no one-size-fits-all answer—renovations should be tailored to your home’s unique needs and the local market demands. Today, I’m going to give you a virtual walkthrough of a listing in Oak Hill, TN to show you how smart renovation decisions can help sell a home faster and for more money.
The homeowners had already done a lot of work to the property. They opened up walls to create a more modern, open layout, which is a big selling point for today’s buyers. They also made excellent design choices, using tasteful finishes and décor that aligned with market preferences. However, there were still a few key renovations they tackled before listing the house, and some that they skipped. Here’s what you need to know:
• Updated bathroom. First up is the primary bathroom. This room had already been updated, which set the standard for the rest of the house.
• Jack and Jill bathroom. The biggest project was the renovation of the Jack and Jill bathroom. Originally small and outdated, it featured a single vanity and yellow tiles straight from the 1960s. Expanding this bathroom and modernizing its design significantly boosted the home’s value. This kind of bathroom renovation is exactly what sells homes and brings in a high return on investment.
"Choose renovations that match your market to maximize your home’s value."
• New flooring. To keep the home consistent, we focused on updating the upstairs flooring. The first floor had beautiful, updated hardwood, but the second floor still had parquet and carpet. Replacing these old floors with new hardwood helped elevate the overall feel of the home and ensured a cohesive look throughout. However, not all renovations were necessary. For example, we didn’t fully renovate the kitchen. It had been updated with new appliances and paint, but gutting the entire kitchen wasn’t worth the cost in this market. The same decision was made with the windows. While some were older, replacing them wouldn’t provide a substantial return. The key takeaway here is that renovation choices depend on the specific home and the market. What worked for this house may not work for yours. The goal is always to make renovations that will give you the best return on your investment. Don’t just aim to get your money back—make sure the upgrades add enough value to help you sell for top dollar. If you’re unsure what updates are right for your home, feel free to reach out to us at (615) 315-9223 or email homes@fykesgroup.com. We’d love to hear from you!
Want to explore the potential of making 835 Brentview Dr your next home? Take a closer look at the features and details here: https://www.fykesrealtygroup.com/homes-for-sale/TN/nashville/37220/835-brentview-dr/bid-51-2700930
