The housing market has gone INSANE the last 2 years. If you have been thinking of selling—or just like the idea of a return on your investment (who doesn’t?)— there are certain home improvements you can take on to not only make your house look better, but also increase its market value. Understanding how value a project could add to the homes resale value is the first step you want to make when considering which improvements to make.
Make a good first impression
First Impressions speak VOLUMES. If your entry and foyer look like something from ‘The Shining’, it’s time to make some upgrades. Your entry area sets the tone for the rest of your home. We recommend investing in some gorgeous tile, some upgraded lighting… You really want to make your Foyer POP with some gorgeous hardware, specialty seating etc…
Spruce up your outdoor space
A well maintained landscape can add up to 12% more value to your home! If you don’t have a huge yard don’t worry! It doesn’t have to be HUGE, but it does have to be well thought out. Experts suggest incorporating four main elements into the PERFECT outdoor space… A place to Eat, A place to Lounge, Lighting and Greenery!
Don’t forget about the front door! Make sure it has a fresh coat of paint (maybe add a POP of color?) and a cute wreath etc!
Get Organized!
Everything needs to have its place, especially if you have small children. Adding shelving, drawers etc can really help create a more clean, peaceful vibe. An ottoman that doubles as storage, hidden drawers, under stairs storage… hese are all great options that can really add to the value of your home. One question potential buyers ALWAYS consider is “Do I have enough storage?”
Give it a fresh coat of paint
Nothing makes a room look brand new like a fresh coat of paint. AND it’s relatively easy to DIY! Paint changes EVERYTHING.
For a more modern look, paint the ceiling, trim and walls the same sheen. Use an online tutorial. Neutral colors have a wide appeal and can add real value to your home.
You get what you pay for with paint, so consider a higher quality paint… and don’t skip primer!
Pay attention to the kitchen…
Over 50% of homebuyers list an outdated kitchen as one of their BIGGEST turn off’s when looking for a new home.
Replace those appliances with new, stainless steel ones and make your buyer feel like they’re getting a steal. Don’t have the $$ for stainless steel? at least make sure they all MATCH! Nothing screams ‘DON’T BUY ME’ like an avocado fridge, white stove and black dishwasher…
Smaller changes in the kitchen can go a long way. Switching out your drawer pulls and cabinet hardware and upgrading some light fixture can all go a long way to elevate the look and feel of your home.
Updates in this room will really pay off – According to HGTV, you can expect to recoup 60%-120% of your investment on a kitchen remodel
… and don’t forget the bathrooms
If your bathroom tiles are from the 70’s, you’ve got peeling wall paper and your walls are discolored from years of moisture… its probably time to tackle that bathroom.
Bathrooms will show your homes age faster than any other room in your house (aside from the kitchen). A potential buyer will see an outdated bathroom and hesitate at the costs associated in remodeling. 45% of realtors have suggested sellers complete a bathroom renovation before completing a sale.
The best part? Due to it’s small size, making upgrades doesn’t have to break the bank! A coat of paint, some new cabnitry or sink hardware and a new mirror can really make your space seem brand new. A small change in this space can go a LONG way!
Upgrade those floors!
Upgrading your flooring is a smart way to add value to your home – averaging a 32%ROI – and renew the overall look of the space.
When it comes to increasing your home value with new flooring, hardwood flooring will provide the largest ROI. “According to real estate experts, the average ROI (rate on investment) for installing hardwood floors is about 70 percent to 80 percent, and wood floors can boost the sales price of your home as much as 2.5 percent” claims realtor.com.
Wood floors are durable and luxurious, and you have lots of choices—maple, oak, hickory, walnut, pine—so you’re sure to find wood flooring that looks great in your home.
If your purpose is to spruce up your home in preparation for putting it on the market, carpeting is a cost-effective choice. Replacing old, worn and possibly smelly carpeting or rugs with new will make a big difference in the eyes and noses of those shopping for a new house. Go neutral on color to appeal to the widest audience.
Vinyl Options have come a long way in the last several years with the development of LVT – Luxury Vinyl Tile. It’s an inexpensive option for kitchens, bathrooms, entry ways and laundry. You can get a hardwood look for lower costs. This is a great option when you are looking for a cost effective upgrade that will last for years. This is also a great option for families with children, pets and rentals!
Don’t Forget…
Many homeowners also tend to overlook the nickel-and-dime stuff, like light fixtures, faucets and door knobs. If you cant afford to splurge on high end fixtures and nick-nacks, at the very least you want to ensure that the house has a uniform look and feel. So pick a style and stick with it throughout the home.
If you or someone you know are Remodeling, Selling or PCS’ing, give us a call! Just looking to update that kitchen? We’ve got you covered!. Our trained experts will evaluate your home, and offer suggestions on how YOU can get the biggest return for your home!
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