There are many reasons to improve the value of your home, whether you’re planning to enjoy the benefits of a remodel yourself or looking to increase its value before selling.
When selling, it can be hard to tell how your home will increase in value because it depends on various factors such as how many people are looking for homes, the number of homes on the market, the desirability of your area, etc. But improving your home can increase its value as well as its chances of selling. If you are wondering how to improve your home before selling, check out these tips below.
Focus on the Kitchen
Kitchen remodels are one of the most popular types of home renovation. A modern kitchen is one of the ideal home features in a survey of millennials. So although kitchen remodels can be expensive, they also increase your home’s desirability for buyers.
The great thing about updating your kitchen is that you do not have to spend a lot of money to see great results. You can add new appliances, new countertops, or modern flooring for $5,000 or less. You could also repaint the walls and cabinets and update fixtures such as faucets and handles to give the room an inexpensive facelift.
Open Up Your Living Space
You can increase usable square footage to your home by finishing any unfinished parts of the home, such as a basement or attic.
Open floor plans are currently in demand, so anything you can do to bring more light into a room and open it up can help increase your home’s appeal. For example, you could remove a wall between the kitchen and living room or another area that can be connected.
However, combining bedrooms can actually decrease your home’s value; although it retains the same square footage, a 5-bedroom house that suddenly becomes a 4-bedroom will likely be expected to sell for less. So keep shared spaces open, but bedrooms separated.
Another great way to improve your home value is to lower your home’s energy costs. In a recent survey of those looking to buy a new home, 55% said that energy efficiency very strongly impacts their decision.
Some of the most significant energy costs in a home that can be improved come from heating and cooling systems, insulation of windows and doors, lighting, and appliances. Some other factors that can improve energy efficiency include high-efficiency windows, HVAC systems, water-efficient toilets, smart thermostats, solar panels, low-flow shower heads, and smart appliances.
Improve Curb Appeal
The better your house looks on the outside, the more interest potential buyers will have from the start. You can improve the curb appeal of your home by improving your landscaping.
Make sure your lawn and yard is maintained and aesthetically pleasing. (A well-maintained flower bed can work wonders.) Updating an outdated or peeling garage can also give your home a better appearance.
Decrease the Required Maintenance
Selling a home that still needs significant repairs or renovations completed will, of course, be less profitable than selling a finished home. You should do all you can to make sure your home is finished and low-maintenance, or at the very least, risk-free.
That means if you have a liability such as an old water heater that’s ready to give out, you should make necessary repairs or replacements beforehand. A water heater company in Pacific Palisades can help with water heater issues. Or if you have an old deck that’s unstable or a yard that’s been overtaken by ivy, taking care of those issues will give your home greater appeal. Any issue that new homebuyers will have to fix themselves is a liability.
Keep these tips in mind when you’re looking to sell your home!