If you are thinking about selling your home, you are likely wondering what kind of remodeling and updates you should do that will yield a high return on investment. Here are a few suggestions that will help you to get your home in tip top shape to get a high return on your investment.
Go big or go home:
If you really want to go big, there are two areas in your home that will yield high return on investment-the bathroom and the kitchen. Of course, this is dependent on the market in your neighborhood and in the city in which you live in.
The number one item that sellers go for in kitchens are the counter tops. Quartz, granite, and marble are hot ticket items, but there are other nice-looking materials that make a huge statement without the huge costs like butcher block, slate, and solid surface. Flooring is also a big hitter and attracts buyers. There are so many budget-friendly, flooring styles and materials these days that it will be well worth the effort and money. And, the best thing is that many of them are very easy to install for the DIYer.
On a smaller and less expensive scale, adding a backsplash or updating a backsplash can really give your kitchen appeal. If you don’t have the time to do a full kitchen backsplash, then doing a small accent wall would be great, like behind the stove. Priming and painting the cabinets can be a little time-consuming and laborious, but it is also a great way to improve the appearance of a dated kitchen without putting in a lot of money. Freshening up the cabinets with more a more modern hardware is also a great option. Try to avoid anything too trendy, and it will give your cabinets a little more pizazz! Adding new and updated light fixtures to the kitchen are a great cost-effective way of adding visual appeal to your home and to transfix buyers.
As for bathrooms, if you can add another bathroom in your house, you can really bring up the value of your home. If you don’t have the time or the finances for another bathroom, then there are a few things you can do that are inexpensive and fairly easy for DIYers.1. Update the vanity. Add something that is classic or add something that creates storage opportunities. 2. If you can’t replace the tub or get it re-glazed, then replace the shower head and the faucet! 3. Replace the fixtures. Add a new light fixture and put in new towel holders.
And, if you have additional space in your basement that isn’t finished, then of course, finishing out the space will yield a high return on investment. If it is drywalled, then add some flooring. If you don’t have the time or funds to finish the basement, then at the very least, make sure it is dry, clean, and painted. There is nothing worse than a creepy basement!
Keep it simple:
Here are a few other fixes that can make your home more attractive to potential buyers. The outside of your home is the first thing buyers will see; you only have one chance to make a good impression. If your siding and fascia have any issues, it is worth it to repair them.
Doing a little landscaping can have a huge impact. Cleaning up and pruning any bushes, edging the sidewalk, painting the trim, can really give your home some curb appeal.
Inside your home, you should most definitely paint. It can transform your home and make it attractive to buyers. Neutral colors will work the best because they make the home appear new and clean.
Behind the scenes:
There are some other things about your home, behind the scenes, that a wise buyer will be looking at. Roof conditions are important to home buyers. If you have serious roof problems, your money might be best spent there because a damaged roof may send buyers running away.
What about your furnace? I bought a home with a 24 year old furnace. I was aware of it, but I decided I could deal with that if it were to break down because the owner had made a lot of upgrades to the kitchen and the rest of the home. But, an item like a furnace that is costlier can scare potential buyers off, so ether replace it or do some upgrades in other areas to attract the buyers. A garage and well-maintained garage door aren’t to be ignored. They actually have huge value to potential home buyers especially for those buyers in states with big winters like Michigan. Make sure your garage door is in working order, oiled, and prepared for the winter months.
Windows are an important part of a home. If your home’s windows are old and inefficient, the number of buyers may go down drastically. Get a quote and see if the return on investment in your area is worth it. Make sure that all your windows are functioning properly.
If you are selling your home, you want to get every last dollar you can so your investment yields a great return. Try a few of these ideas to help raise your home’s value. If you aren’t sure what is the best bang for your buck, consult your real estate agent! They know exactly what most buyers are looking for and definitely, what they do not want!