Spring is the busiest season in the housing market, with buyers actively searching for homes, leading to faster sales and higher prices. While spring may still feel a few weeks away, February is when the market starts to pick up, with buyers already browsing listings and sellers preparing their homes to stand out. If you’ve been considering selling, now is the time to make strategic improvements that can maximize your home’s value and appeal. Here are some of the top home improvement projects worth considering:
Prioritize Repairs
Fixing leaky faucets, chipped paint, dead lightbulbs, or wobbly railings, can have a significant impact on a buyer’s perception of your home. These issues, though easy to overlook, can give the impression of neglect, making buyers question the maintenance of the property. Larger repairs, like fixing an aging roof or updating old plumbing, may also be worth considering. Consulting a real estate professional will help you assess whether these repairs are worth completing, ensuring you make informed decisions that will maximize appeal and prevent delays during negotiations.
Upgrade Key Features with High ROI
Projects like replacing outdated flooring or installing energy-efficient windows can enhance your home’s appeal. Some of the most valuable upgrades include:
New HVAC Systems – A modern, energy-efficient HVAC system offers reliability and cost-saving benefits, which provides massive appeal.
Water Heater Replacement – This relatively affordable upgrade adds values and reassures buyers that they won’t have to deal with an immediate repair.
Fresh Paint – A simple and cost-effective update, fresh paint can dramatically improve the look of your home. Choosing neutral tones enhances appeal and ensures your home looks its best in photos, attracting a wider range of buyers.
Improve Energy Efficiency
Energy-efficient homes are increasingly attractive as buyers are becoming more conscientious about energy usage & savings. Sealing drafts around windows and doors, upgrading insulation, or replacing weather stripping can reduce energy bills & make a home more comfortable.
Update the Kitchen and Bathrooms
Two of the highest-traffic areas in a home, can greatly benefit from even minor updates. Replacing outdated cabinet hardware, installing a new backsplash, or upgrading faucets, can give these rooms a more modern and appealing look. If you’re looking for a larger project, consider updating appliances or replacing tired countertops.
Enhance Curb Appeal
Freshen up landscaping, repaint the front door, power wash the roof & siding, and consider small touches like updated house numbers or new outdoor lighting.
Declutter, Depersonalize, and Stage for Maximum Appeal
A clean, well-organized, and well-staged space makes it easier for buyers to envision themselves in your home. Start by decluttering closets, countertops, and common areas, and remove personal items like family photos and unique decor. This creates a neutral setting that appeals to a wider audience and allows buyers to focus on the home’s features. Next, stage your home to highlight its best qualities. Rearrange or remove furniture to maximize space and ensure each room has a clear, functional purpose. Adding fresh flowers, greenery, or other simple touches can enhance the overall atmosphere.
Not all improvements are necessary or beneficial for every home, which is why consulting with an experienced agent can help you prioritize projects that offer the best return on investment and ensure your home is market-ready. Tackling key improvements now will give you a competitive edge and attract serious buyers.
Market Updates
In January, new listings increased by 41.25% compared to December, rising from 577 to 815. This uptick indicates that the spring market may already be in motion. Historically, new listings tend to grow steadily from February through May, reflecting the seasonal trend where spring is considered the most favorable time to list a home.
The average sales price reached $388,893 in January, reflecting a 19% year-over-year increase. The sold-to-list price ratio stands at 97.3%, meaning some homes are selling below their list price, indicating negotiating leverage for buyers. However, as seasonal trends suggest, this ratio is expected to surpass 100% as competition heats up in the spring, driving more bidding wars and homes selling above asking price. This heightened competition is one of the primary reasons many sellers opt to list their homes in the spring.