Adding Value
Which items will add value to your home and help with resale when the time comes to sell?
The answer is: “Only the ones that future buyers will also want and be willing to pay for.” As a general rule, choosing the functional over the merely cosmetic and choosing neutral over unusual or exotic will pay at resale. Taste and current trends can also affect the value of an update. Unusual colors have a limited appeal.
If you’re thinking of selling your home, you’re probably wondering how you can get the best possible price.
One of the easiest ways to increase the value of your home is to make a few key improvements. Here are some tips on how to add value to your home and get the best possible return on your investment.
The first thing that potential buyers will notice about your home is the exterior. This is why it’s essential to invest in curb appeal. Start by ensuring that your lawn is well-maintained, your landscaping is neat, and your exterior is freshly painted. You may also want to consider adding some outdoor lighting, installing new windows or doors, or upgrading your mailbox.
Start by decluttering and cleaning your home. This will make it look more spacious, attractive, and clean. Consider hiring a professional cleaner for a thorough clean.
Increase the amount of usable space by adding a bathroom, a great room, or another room that is needed. Adding a mother-in-law suite can also set you apart from the competition.
A fresh coat of paint can make your home look fresh and new, both inside and out. Repaint rooms with outdated colors, and consider adding accent walls or wallpaper.
The kitchen is often referred to as the heart of the home, and it’s also one of the most important areas when it comes to adding value. Consider updating your cabinets, countertops, and appliances to give your kitchen a modern and sleek look. You may also want to consider adding a backsplash or updating your lighting fixtures.
The bathroom is another essential area that can add value to your home. Consider replacing your bathtub, shower, and toilet, and updating your fixtures and lighting. Adding a new vanity can also give your bathroom a fresh look.
Most buyers are looking for ample storage space. Consider adding built-in shelves, cabinets, or closet organizers to maximize your storage space. You may also want to consider adding a shed or garage to your property to provide additional storage.
Old, outdated, or damaged flooring can be a turnoff for potential buyers. Consider replacing your carpets with hardwood, laminate, or tile flooring to give your home a modern and fresh look. You may also want to consider refinishing your hardwood floors if they’re in good condition.
Adding energy-efficient upgrades to your home can not only increase its value but also save you money on your utility bills. Consider upgrading to energy-efficient appliances, installing new windows and doors, and adding insulation to your home.
Smart home technology can make your home more attractive to buyers. Install a smart home system that allows homeowners to control their home’s climate, lighting, and security from their smartphones or other devices.
