Here’s some interesting information to share with your sphere of influence – particularly any potential sellers! This list of the best home improvements for resale can help people make smarter choices when it comes to updating their homes. It can also help buyers identify improvements that will make them happier in their new homes.
An updated kitchen, whether subtly modernized or massively overhauled, can help sell a home. In one study of prospective buyers, an updated kitchen ranked as the second most important home improvement, second only to open plan living. When choosing upgrades that suit your budget, remember that spacious, light-colored kitchens with white cabinets, built-in appliances and lots of storage will appeal to the majority of buyers.
The quality of a home’s bathrooms can have a big impact on resale, often marking the difference between a turnkey property and a fixer upper. If things are looking old, dirty, dingy and leaky, it’s time to make some changes! Fresh tile, more storage, nice showerheads and larger vanities can make a world of difference. Don’t forget to update the lighting while you’re at it.
Nobody wants to move into a home that has dirty, worn carpets. Hardwood flooring will almost always significantly add to resale value. If hardwood is out of your price range, consider a convenient and easy-to-maintain laminate option. Or, if you’re moving out before you sell, install new, neutral carpet after you pack up.
Add a Deck
Outdoor living space can make a home feel bigger. Adding a wooden deck isn’t cheap, but it is less expensive than adding a composite one and has a higher resale value, too. Once the deck is built, use easy curb appeal tips to showcase this addition in the best light.
A New Front Door
NAR’s 2015 Remodeling Cost vs. Value Report found that replacing a wooden or fiberglass front door with one made of steel will give homeowners the biggest bang for their buck! Although it will cost around $1,230 to make the switch, a new steel door can add about $1,252 to a home’s value. That’s a 101.8% return!
A Fresh Coat of Paint
Painting a house, inside and/or out, is one of the easiest and least expensive things you can do to make a big impact. A fresh coat of paint makes spaces feel cleaner and ready to welcome new inhabitants. And did you know that the colors you choose can affect how potential buyers see your home? Consult this article to make sure you choose a paint color that sells!
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Different upgrades sell better in different areas! Is there anything you would add to this list based on your experience?