Best Home Improvements for Resale
Did you know that not all renovations deliver equal bang for your buck? Today, we’re going to talk about which renovations increase home value the most, so you’ll know which projects to prioritize.
Improve Your Curb Appeal
When selling your home, you want it to make a good first impression on potential buyers. A lot of people make their first judgment on a home just by looking at the outside. A few improvements that can add a lot of value to your home are:
- Getting a new garage
- Installing a new front door
- Updating the siding
- Adding a deck
If you can’t do all these improvements, you can at least be sure to do basic yard care. Make the yard look appealing by cutting the grass, controlling weeds, and fertilizing. All these tasks can go a long way to that first impression!
Upgrade the Kitchen (But Don’t Go Overboard)
The kitchen is often the heart of the home and buyers pay close attention to its condition. For those who love entertaining, the kitchen might be especially important to them. Full kitchen remodels can be pricey, but modest updates often yield a great return.
Consider doing the following:
- Paint or reface cabinets and update hardware
- Add a stylish backsplash
- Install new countertops, like quartz or granite
- Replace old appliances with energy-efficient models
A fresh, modern kitchen can be a big selling point, Focus on clean, functional updates rather than extravagant updates. Everyone’s style is different, so it’s important to keep it simple so the homebuyers can easily add their style once the home is theirs.
Refresh the Bathrooms
Like kitchens, bathrooms are high-traffic areas where condition matters. Simple changes can give an outdated bathroom a new lease on life.
You can make simple changes, such as:
- Replacing old fixtures
- Installing a new vanity
- Re-caulking the tub
- Adding a new mirror
Buyers appreciate bathrooms that look clean and updated. You don’t need a full renovation to make a big impact.
Paint
A fresh coat of paint is one of the easiest and most affordable ways to improve your home’s look and feel. Consider sticking to neutral colors to appeal to a wider range of buyers. You could use colors, such as, light grays, soft beiges, and crisp whites. All these colors have been popular among buyers lately.
Add Usable Living Space
If you have room in your budget, adding usable living space can be a big help to the resale of your home. For example, adding hardwood and drywall to your basement can make a big difference. Buyers will see that space as potential living space rather than a place to store things. You don’t have to do anything extravagant to the basement, and you’ll still get your money’s worth.
Prioritize Wisely
Before diving into any home improvements, consider your budget and your local real estate market. Some upgrades offer better return on investment in certain neighborhoods than others. Consider talking to a real estate agent for insights on what buyers are looking for in your area.
Remember, you don’t need to do a complete overhaul. Focus on high-impact, budget-friendly updates to get your home ready to sell. All the updates we mentioned above would be great ways to maximize your resale value.
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