Towards the end of section one of the book the things a seller needs to do before listing their home are covered. I consider the pros and cons of expensive renovations including how much of your investment you can expect to get back when you sell. For the most part, it’s not worthwhile unless it’s necessary to maintain the existing value of your home. Minor cosmetic changes are a better idea and much less expensive.
The book lists in detail the potential costs of some major renovations and the average return on investment for them. Smaller projects that add to a home’s curb appeal are typically more effective and they can generally be completed more quickly.
Here I also point out that expensive home maintenance projects such as replacing heating and cooling units are necessary, but will not really add to your selling price. Potential buyers expect these features to be in good working order as a matter of course. A seller has to tackle these projects though, as they will be exposed during the home inspection process anyway and could potentially reduce the selling price of a home.
