Kiplinger

8 Features That Will Sell Your Home Faster

Homeowners are sometimes hesitant to upgrade when it's time to sell. After all, you won't be living there much longer, and home remodeling efforts only increase home values by 57% of the average project's costs, according to Remodeling magazine's 2018 Cost vs. Value report.

But think again, sellers. The cost of inaction can be far greater than the small loss you'll incur on any home-improvement projects. "Making small upgrades over time serves a seller immensely," says Brian Lewis, a real estate broker with reality firm Compass. These don't have to be break-the-bank alterations, either. "Even merely keeping the color palette up-to-date will go a long way. Getting stuck in time with your home isn't a smart move and is rarely rewarded financially at sale time," he adds. In fact, it may cause your house to linger on the market longer. As a result, you'll likely have to pay ongoing mortgage, maintenance and staging costs.

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger18 min read
25 Dividend Stocks That Analysts Love the Most
The longest bull market in history keeps charging. Stocks are near record highs, which sounds good, but it does create a problem for income investors. Specifically, where can they find dividend stocks poised for outperformance that still sport decent
Kiplinger5 min readPolitics
To Gift or Not to Gift
In estate planning, giving away assets during your lifetime has traditionally been used to help lower estate taxes when you die. However, the federal estate tax exemption amount (the amount under which federal estate taxes do not apply) is currently
Kiplinger4 min read
Retirees: Don't Make the Same Mistakes Before a Market Correction
There's no doubt that earlier this year, many retirees I met with were in panic after the government shutdown. Even worse, economists have been warning the country could sink into a full-on recession before too long. With the recent swings in the Dow