Preparing Rental Property for Sale

[Ben T.]

Hello - I am targeting to get the rental property in the Frisco, TX, area next spring (assuming it is the hottest time to sell?). I've been renting it out since 2017. 1 story, 4 bed 2 bath in Frisco ISD (very good school district). 2012 old and generally in good shape. 

Questions:

1) What items should I focus on renovating if I need to INCREASE the house value?

2) Does old carpet bring the house value down? Currently, it is 12 years old and dusty. Will steam cleaning do to sell?

3) What items should I definitely disregard, i.e., which one does not bring much house value at sale?

4) Any tips to MAXIMIZE house value at sale will be appreciated

Thank you.

[Drew Sygit]

@Ben T. let's reverse this and ask, "if you were buying this property to live in it with your family, what would you want?"

Would you want 12-year old carpeting, or would you expect it to be new or ask for a price concession?

It's all going to come down to evaluating needed upgrades & repairs ROI - for every dollar you spend, will you get that back in a higher price or quicker sale?