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.

[Ben T.]

Quote from @Theresa Harris:

Quote from @Ben T.:

Quote from @Theresa Harris:

When are the tenants moving out?  I'd start by having a realtor walk through it with you and determine how much things would cost to do and what it would add to the value of the home.  Then decide what is worth doing and what isn't.  Also remember it will take time to get them done, during which the home is vacant and not on the market.

People shop with their eyes-so many don't care about stuff that is really important (plumbing, electrical, roof, etc).  Do the walls need a good cleaning or a fresh coat of paint?  Hardware (ie cabinet knobs/pulls) if they are dated are easy to replace.  Window coverings (are there blinds that are damaged or mismatched curtains).  Carpet in general can turn off some people, but is it worth replacing?  Is it stained or discoloured or showing wear?

Thank you. Tenant moves out in April 2024. That is the time I will sell. Primary driver that Spring to July are hottest time? This is a suburb with good school district. 

Hope to hear more advice or insight. 

 Do you mean April 2025?  Where I am, the market starts to pick up in late Aprilor early May.

 Yes, April 2025. Sorry was a typo.