If you are looking to sell your home, you will want to make sure that you make improvements to increase the value of your home. There are a number of ways that you can do this, but remember that some improvements are going to be better than others. By getting to know the best ways to improve your home’s value, you’ll be better able to plan your projects and get more money when you sell.
Every home can benefit from an upgraded and renovated bathroom. This is a big selling point for many buyers. Having updated fixtures, lighting, paint and/or tile work is going to increase a home’s value as much as 20 percent. Updated plumbing and wiring in this bathroom will add even more value.
Everyone wants an updated kitchen. Homes that have outdated kitchens are worth thousands less than their updated counterparts. While a full remodel is always an option, you can pick and choose your upgrades if you’re on a budget. First, appliances need to be new and match the kitchen in both design and color. This will give you the most return. Tech gadgets and other modern upgrades also fetch a little more. Countertops come next in value importance, followed by backsplashes and paint. An updated floor is also a good investment.
Exterior Paint and/or Siding
The outside of your home is just as important as the inside. While a new coat of paint or new siding might not be as exciting as a kitchen renovation, it’s a big deal to buyers and the value of your home. Upgrades here can earn as much as 80% to 90% return on the initial investment. It’s a simple improvement that can give you a lot more for your money if you do it right. Remember not to choose odd or extreme colors for your exterior, though, because that could make it harder to sell.
A good roof is a necessity in any home. If you replace your roof, which typically costs between $10,000 and $15,000, you can expect to increase your home’s value twice as much. Not only does it add to the function of the home, but it can also help increase curb appeal, which again improves your home’s value.
Speaking of curb appeal, landscaping is a big part of your home’s value. A house has to make a great first impression. Consider hiring a landscape design service to clean up the yard and give it an updated look. Landscape design services aren’t that expensive, and can give you a 50-75% return on your investment.
While there are many other great ways to improve your home’s value before you sell, these are the ones that will garner the biggest return. You can talk with your realtor to determine which upgrades you’ll take on to get the best return when you sell your home.