If you’re planning on selling your home, whether in a few months or years from now, it’s worth knowing what home projects and upgrades will give you the best return on your investment. Although a fancy jacuzzi may seem nice to you, it may not be enough for a buyer to offer more for your house when you are eventually ready to sell.
Here are some home upgrades that will actually increase your home’s value.
Fresh Paint
Painting is relatively inexpensive, easy to do yourself, and it immediately makes your home feel fresher, newer, and more inviting. This simple improvement is enough to affect a buyer’s first impression. Stick with neutrals and light colors, as adding murals or bold colors may feel like extra work for a potential buyer to change.
Kitchen Remodel
While any kitchen remodel will yield a return, you don’t have to go all out to increase your home’s value. A minor remodel usually gets a higher ROI than a complete overhaul of your kitchen. Upgrading to fancy appliances probably won’t do much for your resale value, but if you spend a couple thousand replacing the countertops, your kitchen can feel years newer and more appealing.
If you’d like to update more, you can also refinish or paint your cabinets rather than ripping them out to save money while still getting a good ROI.
Finish a Basement or Attic
Finishing an unusable living space increases your home’s value dramatically. Not only is it increasing the livable square footage of your home, but buyers often see these upgrades as a blank canvas for their own custom needs. These remodels sometimes allow you to add an extra bedroom and/or bathroom, immediately increasing your home’s value and opening your home to more potential buyers who’d need the extra space.
Minor Bathroom Remodel
A bathroom refresh may be just what your home needs to catch a buyer’s eye. Although you likely won’t make your money back on luxury upgrades, an updated vanity, neutral subway tile, paint, and a decent showerhead are sure to keep buyers interested. Stay away from overly trendy designs, and go for a clean look that could cater to multiple design styles.
Replacing Windows
Replacing your windows might not seem as fun as some other home improvement projects, but when you and future owners can save money on their utility bills, buyers take notice. If you live in an older house, you should definitely consider this upgrade.
Landscaping
While lavish and expensive landscaping will just seem like extra maintenance to future buyers, simple landscaping can land the attention, and competition, of many buyers when you are looking to sell your home. Skip the water feature and the koi pond, and invest in some good shade trees and perennial plants that you and future owners can enjoy for years to come.
Outdoor Living Space
Building a deck or updating an existing patio can also be seen as extra livable space for future buyers. Installing new pavers, re-staining the wood, and adding some new plants or vines can liven up the extra space without costing much. While it may not technically add to your square footage, this extra entertaining/relaxing space can make a difference in the overall feel of a home.
Confidently Sell Your Home with Harvest Park Group
The costs of selling a home can add up and feel stressful when you’re spending your own hard-earned money to make updates you hope will make a difference. With these home-selling tips, we hope you can feel more confident as you choose what to update on your home. Want to know what your home is already worth? Get a free estimate today!
