Your home is a significant investment, and you want it to be worth as much as possible when you move on. But you also want to enjoy your house while it’s yours. So how do you get the best of both worlds?
By renovating in ways that will increase your home’s resale value. And when you’re selling—or buying—a home, that can make all the difference between getting a good deal. Here are some renovations that offer an excellent return on investment (ROI) for their cost:
Modernize your home.
Modernize your home by adding a few modern features, like new appliances, lighting, paint, and flooring. In today’s market, buyers want their purchases to be functional and aesthetically pleasing. This can be achieved with relatively inexpensive improvements that can add value to your property for resale in the future.
A kitchen renovation is considered one of the top investments when reselling a home because it adds value in three ways:
- It increases the curb appeal of your property by making it more attractive from the outside
- It allows you to increase your sales price by creating a more spacious living space or opening up vistas via windows
- It provides better functionality within the home, such as countertops or storage areas
Drive buyers’ attention to upgrades.
When selling your home, first and foremost, it’s important to ensure buyers see the upgrades and improvements you’ve made. For example, if any recent remodeling or updating is done in the kitchen or bathroom, have photos of those rooms ready to show off. If your home has an additional bedroom or an updated floor plan that doesn’t match its mid-century charm, point out these updates.
External photos of your home should also be taken with a keen eye for detail: ensure that each image highlights any upgrades made since its last sale (new roof? new kitchen cabinets?).
Boost the curb appeal of your home.
What do you see when you look at your house? Is it a well-maintained home that looks like someone cares about it? Or is the landscaping overgrown, the paint chipped and faded, and the gutters full of leaves?
What potential buyers see is a direct reflection of what they can expect from the inside of your home. Suppose they arrive at an ugly exterior and are greeted by an equally unappealing interior.
In that case, they’re unlikely to be impressed enough by any other features or amenities to make them want to purchase your property. They might even walk away without seeing anything else because nothing is worth seeing.
Make sure kitchens and bathrooms are in good condition.
Ensuring your kitchen and bathroom are in good condition is vital when selling your home. The kitchen and bathrooms are the first rooms potential buyers see, so these spaces must look their best. Suppose you have an outdated or damaged kitchen or bathroom.
In that case, it can be difficult for potential buyers to picture themselves using the space or enjoying it as much as they would if everything was new or updated. Here are a few things you can do:
- Replace broken or outdated appliances
- Replace any old or stained cabinets
- Replace old or outdated fixtures (think light switches)
- Replace old or outdated flooring
- Replace old countertops
Replace old or broken systems.
These upgrades are also a great way to increase the value of your home and make it more energy-efficient. Many old systems—like water heaters, furnaces, and air conditioning units—are less efficient or reliable than newer ones.
Replacing them with modern systems will help you save money on utility bills in the long run and give you peace of mind knowing that there is less chance of something going wrong when you’re away from home.
When replacing an old system (such as a hot water heater), look into purchasing one with more capacity so that you will able to run out of hot water during peak times when family members are taking showers or doing laundry.
Declutter, stage, and clean.
When you’re selling a house, the first impression is important. That’s why it’s essential to declutter and clean the interior of your home before listing it for sale. Remove clutter from all areas of your home, including:
- the basement, and
- the garage.
Pack up any personal items that don’t belong in your living space, including
- family photos,
- keepsakes, and
- the furniture you’ve had since childhood (or even college).
Some sellers even go so far as to remove their old bedroom sets or dining room tables that no longer fit within their new lifestyle!
Clean the exterior of your home too! Mow lawns, trim hedges and bushes, rake leaves from lawns and sidewalks, wash windows inside and out (inside first!), sweep sidewalks
You get what we’re saying here: You want potential buyers to see a freshly-painted picture when they walk through those front doors for an open-house tour!
There are plenty of ways to help your home sell for a reasonable price:
- Modernize your home. The kitchen and bathrooms are prominent starting places, but consider updating the floors, walls, or roof.
- Make sure kitchens and bathrooms are in good condition. If you’re planning on selling soon, make sure that all of these areas are in great shape: clean them thoroughly (including window sills), replace old fixtures with new ones if necessary, fix any broken tiles or countertops, repair any cracks in walls or floors—the list goes on!
- Replace old or broken systems. If there’s anything else that needs replacing in those rooms (like plumbing), now is a good time to do it while they’re still relatively new-looking! This will make buyers feel confident that their money is well-spent on what they’re getting into when they purchase your home because nothing needs fixing after they move in (which always creates an impression of being poorly made).
- Declutter, stage, and clean up your living spaces ahead of showings so buyers have no reason not to buy right away—or ever come back after leaving without making an offer!
Want to get the biggest return for your home but need to know where to start?
Our Single Tree Team experts can show you how to boost your property’s worth before you list. When it comes time to sell, we’ll ensure everything is in tip-top shape, so you sell quickly and for a profit.
We promise our approach is personalized, innovative, low-stress, and worry-free. Plus, we guarantee our work with a money-back guarantee!
Talk with us today if you’re ready to turn your renovation into a profitable sale!