If you are selling your home, you may want to tackle some of those home improvement projects you’ve been putting off. After all, turn-key Jacksonville Beach homes sell faster and for money, right?

Sure, a home that is move-in ready offers a number of advantages for the seller, but over-improving your home can have some drawbacks, too. In short, putting too much money into home renovations and repairs before you sell may not make sense financially.

Small improvements like a fresh coat of paint or a new faucet to replace your old faucet that won’t stop dripping are always a good idea, but when it comes to large home repairs and improvements, you will want to weigh your options.

Here’s what to consider when debating whether to improve or pass on it:

·         If the problem is something that may jeopardize the health or safety of the new buyers, you are legally obligated to disclose it on the disclosure form. For example, if you are aware that the basement flooded last year because your drainage isn’t adequate in your back yard, you must let the new buyers know about this. But what may be a better option is to install that French drain you’ve been putting off so you can let the buyers know that you have remedied the problem.

·         If the repair or improvement comes down to aesthetics, be careful. It is important to improve the home for appearance’s sake, but it is important not to put too much money into it. For example, replacing your hardwood floors is definitely a plus to many buyers who walk through your home. But putting in some kind of exotic hardwood may not be financially sensible. In other words, don’t go for the most expensive home improvements because you will unlikely see a return on your investment.

Posted by Carey Frankel on

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