Ten Home Improvement Projects that Increase Home Value
More and more sellers are asking what renovations they can do in order to get the most out of their property. Today's Buyers are all about walking in and doing nothing. This article educates the Seller on they need to improve in order to get the best amount of money for their property.
Whether you plan on selling your house next month, next year, or further down the line, home improvements can help permanently boost the value of your home. When done correctly, with a budget in place and costs kept under control, a home improvement project can add more value to your home than the project costs.
Make a positive first impression
Great curb appeal can attract people to your home before they even set foot inside your house. While professional landscaping can give your home value a big boost, even do-it-yourself maintenance will help. Pull weeds, and restore any brown patches with a grass feed. A fresh coat of paint on your front door, shutters, and porch can make your house stand out in a good way.
Make your kitchen more user friendly
Kitchens are a big deal in real estate these days. If your kitchen is stuck in the 80s, updated granite counters, stainless steel appliances, and new tile will boost the value of your home. A butcher block will add usable counter space.
Create a spa-like atmosphere in your bathroom
Bathroom renovations are right behind kitchens in popular renovations. Some of the most sought after updates include his and her sinks, modern tiling, and adjustable showerheads.
Brighten up every room
A fresh coat of paint throughout your house is a simple, do-it-yourself way to immediately brighten up your home and boost its resale value.
Use your backyard
Many people don't utilize the space in their backyard, and it shows. Like your front yard, you need to mow, weed, and possibly landscape. A deck or patio will add the most value to your home.
Trade in your old, dingy carpets
Hardwood floors are in and carpets, which easily retain and show stains, are out. If you want to keep the costs of replacing your flooring down, choose laminate. Save even more by installing floors on your own.
Update your plumbing and electric
Buyers prefer not to deal with old plumbing and electric systems that have problems. A pre-sale home inspection that is void of plumbing or electrical issues is a big plus for buyers, and prompts them to pay more for the convenience of a home with less initial maintenance required.
Finish your basement
Finishing your basement essentially adds an entire floor to your home. When you list your home, you can list the square footage of a finished basement or attic, literally making your home larger to buyers.
Add garage space
If you have a one-car garage, consider upgrading it to a two-car garage. Most homebuyers are looking for at least two spaces in the garage, so this could entice buyers that would otherwise pass your home over.
Make your home more energy efficient
Even if you're not thinking about putting your house on the market, making your home energy efficient will save you money on utility bills. Think about insulation to keep heating and cooling bills down, remote-control thermostats, and solar panels. Some energy efficient choices will cost a lot of money up front, but will pay for themselves over time.
Whether you have $500 or $50,000 to spend on a home improvement project, even small, do-it-yourself updates can boost the value of your home.