Thinking about selling your home? Then you’re probably asking yourself:1. What can I do to my home to maximize the profit potential?2. Is it worth putting money into small renovations?3. What work
Best Renovations To Increase Your Home Value
Whether you are thinking about selling your home or you plan on living in it for a while, it is likely that you will want to get the most money out of it when it comes time to sell. Owning a home is a huge investment, and with the right kinds of renovations, you can increase its value and sell it faster. The following will list the best home renovations to increase your home’s worth and provide the best return on investment.
You may have heard the term “curb appeal” used quite a bit when talking about the exterior of a home, and that’s because it’s a critical factor considered in real estate. Real estate agents as well as buyers have noticed that a person’s first impression is extremely important when buying or selling a home. Whether it’s an in-person showing or an online picture, a home’s exterior sets the precedent for the rest of the home, so it’s crucial to make it look its best.
Improvements on a home’s exterior can range from basic to more complex, both able to contribute substantial changes to its appearance. Less expensive, basic alternatives include power-washing the exterior, painting the front door, and improving the landscaping. A clean and pleasing entryway is guaranteed to give your home a well-maintained vibe. More complex renovations of a home’s exterior include new siding, a new front door, and a new garage door. Consider taking a good look at the outside of your home and thinking about what a home-buyer would like to see. What already looks good and what needs to be changed? These alterations can make a significant difference in the look of your home and add to its value.
Well-maintained shrubbery, seasonal flowers, container gardens and a mowed lawn can make all the difference when it comes to how your home looks on the outside. In addition to the exterior renovations previously mentioned, beautiful landscaping does not have to be expensive and can add value and intrigue to your home. So, it may be wise to focus on landscaping so that viewers will be intrigued by your home’s exterior so much that they have to see the inside.
Attic insulation is an inexpensive and effective home renovation. Houses lose the most heat through the roof, so adding insulation to the attic will benefit both energy savings as well as home value. This project can lower the cost of owning a home and is worth implementing whether you are selling your home or not.
The kitchen is a major focal point of a home and is worth focusing on when choosing which rooms to renovate. An updated kitchen is key to increasing a home’s value and getting a potential buyer’s attention in a positive way. Kitchens are usually a centrally located, communal space that homeowners or homeowners-to-be pay a lot of attention to, and spend a lot of time in. New appliances and hardware updates can make the home in its entirety more enticing, and make other less-attractive spaces feel more tolerable. Minor remodeling may consist of new appliances, re-painting cabinets, or changing counter tops. Major remodeling could include things like installing new flooring, increasing square-footage, or installing an island. If you can only pick one room in your home to renovate for your allotted budget, you can’t go wrong with the kitchen.
Another focal point of a home is its bathrooms. Most folks can agree that a fresh, clean toilet and tub are very enticing features that can make all the difference in a home’s appeal. A new mirror, updated fixtures, and new tile can transform your bathroom without going overboard on spend. Other simple remodeling projects may include re-caulking the tub, reglazing the tub, a fresh coat of paint on the walls, replacing shower doors, a new toilet, or new sink. Any of these updates can go a long way in improving the look of your bathrooms. It doesn’t require a huge amount of effort to turn a bathroom into a “make it” instead of a “break it” for potential buyers.
The addition of a deck is a great way to enhance yard space and provide an area for entertainment. Displaying decorative plants, lighting, and furniture will add an aesthetic appeal and inviting layout to the space. The cost vs added home value for a deck addition will vary depending on your location and the materials used.
Living Room Walls & Floors
A fresh coat of paint and new flooring can make a huge impact throughout your home. The right color of paint can make a room feel brighter and cleaner. Neutral colors are generally the best option, as they go with all kinds of furniture, appeal to a wide range of tastes, and aren’t too loud or obnoxious. In addition to a new paint job, new flooring or carpeting is always a great decision when updating your home. New floors give a home an instant clean look and emanate a well-maintained feel to home buyers. You may wish to focus these updates in common rooms as they undergo the most traffic, and then turn your attention and see what’s left of your budget to spend on bedrooms and more privately used spaces.
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