Should you renovate your San Francisco home before selling it?

It’s no secret that the real estate market has been booming over the past several years. In many parts of the country, houses are taken off the market almost as quickly as they’ve been listed. In San Francisco, one of the most popular cities in the country, houses are being bought left and right. If you’re a homeowner in San Francisco, you likely have the upper hand if you decide to sell your home. However, if you do move forward with the selling process, you might wonder if you should renovate your home or not. Here are some pros and cons of doing this as well as some ideas if you do decide to move forward with renovating.

The Pros

If you’re selling your home, you’ll almost always want to take care of any updates that could cause a code violation. Code violations could pose health and safety risks to your home, thus making them harder to sell in most cases because you are expected to disclose them to buyers.

Aside from the necessary updates, doing some renovations to your home prior to listing it can help it to sell for a higher asking price. Because renovations will increase the value of your home, you will likely have more luck with selling your house for a high price. However, it’s important to note that not all renovations are equal.

The Cons

When it comes to renovations, the two biggest cons that are going to come alongside them are time and money. Many renovation projects could become pricey, especially if you hire a contractor. Additionally, many of the more involved projects, including full kitchen renovations, can also take a lot more time to complete. Additionally, you’re not 100% guaranteed to get a high ROI (return on investment) for these projects. When making a decision on whether to renovate or not, take into consideration how necessary some of these projects will be and the likelihood of you making your money back, after all, is said and done.

Feasible Renovating Ideas

As we mentioned before, some renovation ideas are going to be better than others. For instance, if your cabinets are looking up to date, it’s going to be pointless to totally redo them. Additionally, if you’re planning on selling your home, then in most cases, less is more. Here are a few minor renovation ideas that can be a lot of bang for your buck!

  • Power washing: Curb appeal is one of the most important factors for selling a home successfully. Doing a solid power washing job will remove dirt and debris from your siding, revealing a fresh and new look
  • New Light Fixtures: Sometimes simply installing some new lighting fixtures can spruce up the look of your home. Consider some new sconces, pendants, or even a chandelier to add some tasteful light to your space.
  • Interior Painting: Over the years, the walls inside of your home can become dirty and stained. If this is the case for you, a fresh paint job could be in order. Choose colors that are clean and neutral. Stray from colors that are bold or too trendy.

If you want to sell your San Francisco home fast and you’re wondering if completing some renovation projects is the way to go, the answer isn’t all that simple. Assess the state of your home, selling goals, and budget. Then, make a decision on what projects are going to help make your home more valuable.