12 Upgrades to Increase Resale Value

12 Upgrades to Increase Resale Value

Did you know many homeowners have been working on home renovations? Finish some home upgrades this summer and prepare to sell your home for a better price. If you need some project ideas, stick around. In this guide, you’ll learn how to increase your home’s resale value with some simple projects. There are popular renovation projects like a kitchen or bathroom remodel. Make subtler changes to your light fixtures or hardware.

Ready to learn more? Keep reading.

1. You Should Start With the Kitchen

The kitchen is the most valuable renovation you can complete as a homeowner.

Buyers want an updated kitchen, so they don’t need to finish expensive remodels after moving. A buyer tends to look at the pictures of a kitchen first before even deciding to schedule a viewing.

How much of your kitchen do you hope to replace? There are different possibilities for a kitchen remodeling project.

Some people install new countertops or cabinets, while others make small hardware changes. You could freshen up the room by painting it a new color. A minor kitchen remodels still valuable.

Add a stainless steel faucet or sink. Replace the flooring or look at getting energy-efficient appliances.

Think about house upgrades you would love in your kitchen. Have you always wanted more storage space for your canned preserves? Figure out a way to add more storage.

Add functional projects to your list. These will increase the value of your home, and make your life easier in the kitchen.

2. What About Your Bathrooms?

A bathroom renovation can add more value to your home, as well. Most home buyers get turned off by an old bathroom.

You could tear out old flooring and replace it with stunning tile. Replace your old shower with a new rain shower. Look into putting in a soaker tub.

Try to make some minor updates to your bathroom if you can’t complete a major project.

Another project idea is to add a secondary bathroom if you only have one.  Look at setting up an en-suite bathroom for your largest bedroom.

3. Refinish the Hardwood Floors

Hardwood floors remain the most popular type of flooring among home buyers.

Do you have a carpet at the moment? Rip up the old carpeting and replace it with hardwood floors. You won’t need to worry about renting that carpet cleaner anymore.

Carpet is less expensive than hardwood flooring, but it’s a lot easier to replace. Old carpet will hold dust and show stains easily. Your home will smell cleaner too if you replace the carpeting.

If anyone in your home has allergies, make it a priority to get rid of the carpet.

4. Do You Have a Home Office?

Due to the pandemic, there’s been an increase in people working from home. Remote working is fast outpacing typical office jobs. Real estate agents see home buyers searching for homes with a well-laid out home office.

Buyers want a move-in ready home office. If you have an attic or unused basement, consider converting them into a stunning office. Convert your large closet into a cozy office or build a backyard accessory dwelling unit.

5. You Need to Finish Your Basement

An unfinished basement is something you’re missing out on because you could use it for storage space. Other people will use it as another entertaining section.

Add more heated square footage to your home. You might spend 20,000 to finish the basement, but you’ll have usable space.

6. You Can Open the Floor Plan

Open layouts are loved by homebuyers. People need more space to work, but they also want to still hang out with family or host gatherings.

Create a spacious home by knocking out a wall in your home. An open layout between the dining room and kitchen will interest home buyers. Also, an open layout often improves the natural lighting.

Your home might need a particular barrier for structural support. Consult with an interior designer before you begin breaking down any of the walls.

7. What About Energy-Efficient Options?

Energy-efficient appliances and building materials will benefit you and future home buyers. They will save on energy costs and lessen your impact on the environment.

Buy a smart thermostat, replace old and leaking windows, or improve the insulation. You could buy ENERGY-star appliances for your kitchen or install solar panels.

Most energy-efficient upgrades qualify for state or federal green energy tax credits. Talk to a consultant who can perform a professional home energy audit.

The return of investment for energy-efficient home improvements will vary. They often depend on the project you started.

8. Don’t Neglect the Interior Design

Interior design can improve the flow of a home and the atmosphere. Minor design updates will end up impressing home buyers.

Update your light fixtures or change the doorknobs or hardware. Install a custom window covering or modernize the paint colors. You could repaint the ceilings, interior doors, or baseboards.

Make sure you consult with an interior designer to help with this project. You want there to be a sense of cohesiveness with your design. Don’t leave the kitchen that’s painted in soft shades, to a bright and eccentric living area.

9. What About Curb Appeal Boosters?

Your home’s curb appeal will either make a negative or positive impression on future home buyers. You don’t want your home to stand out from the neighborhood because of a shabby roof or poor lawn care.

Improve the appeal of your home by repainting the front door a fresh, bold color. You could install a weathered garage door or add a stunning stone pathway.

Plant some garden beds in the front of your home. Landscaping improves curb appeal by making your home look well-maintained and enticing.

Most homeowners add hanging baskets to their front porch or weed their flowerbeds. Ensure you remove old trees and rake up leaves. You should look at planting new trees if you haven’t already.

You can complete low-cost projects and improve the appearance of your home.

10. You Could Add a Patio or Deck

Decks or patios are an excellent home upgrade to consider. They will provide you and your family with another dining area or place to relax. Some people who work from home will enjoy the change of scenery.

Consider putting in a backyard deck to increase the resale value of your house.

11. What About an Outdoor Fireplace or Kitchen?

Other features home buyers love outdoor fireplaces. When the evenings get chillier, gather around the roaring fire. This is another excellent entertaining location for friends and family.

If you love the idea of the fireplace, why not go a little further and install an outdoor kitchen?

An outdoor kitchen is a luxury addition. You can have things like a built-in grill, bar, sink, and standard kitchen appliances. Some people even get a flat-screen television added.

The value of an outdoor kitchen could be a couple of thousands of dollars. It will depend on your particular area. Buyers will love being able to cook their favorite dinner outside under the stars.

Make sure you learn about how to care for your outdoor kitchen so you can protect your investment. Luxury properties and additions need to get taken care of to avoid damages.

12. Put in a Pool and Hot Tub

Do you routinely head to the pool in the summer? Why not invest in an in-ground pool? Install a pool and raise the value of your home. You could also pair it with an inground hot tub.

Weigh out the costs of this project and determine if it’s a worthwhile investment.

Do you think you and your family will use the pool tons this summer? You might want to invest in the pool renovation.

Save money on your local pool membership and enjoy swimming at home. You can host birthday parties and family pool parties at your house.

Make sure you learn how to properly maintain the pool. Ask a pool technician to come over and teach you how to keep it clean.

Improve the Resale Value of Your Home

We hope this guide on how to improve resale value was helpful. You should look at enhancing your landscape by keeping up with lawn care.

Renovate the kitchen or bathroom. Finish small interior design projects to amaze future buyers.

Do you need help with buying your next home? Find your dream holiday house sooner rather than later. Contact us today. We would love to go over the process with you.