Housing prices are surging to new heights in our area, so you might be considering selling your house and putting some money in your pocket. No matter if you want to sell or just build equity, here are some improvements that can boost your home's value and ensure you get the best price for your property.
Extra Space
Having plenty of livable space in your home is one of the main selling features in real estate. Homes are usually priced and valued according to livable square footage available, so the more you have, the better. A great idea is to add a teen hangout or a mother-in-law suite. This upgrade will set you apart from the competition when it's time to list your property.
Mini Kitchen Remodel
While deluxe, professional kitchens might be attractive for luxury home buyers, such an upgrade might be overkill with the average buyer. Most people don't really need a commercial-grade stove with six burners and an expensive vent, but everyone needs a good layout and plenty of storage space.
You can work on upgrading your kitchen layout...adding modern appliances and finishing your cabinets...these are all very cost-effective remodels you can do yourself with only a tutorial and a few tools. Don't forget to install some new lighting fixtures.
Energy Efficient Upgrades
Modern buyers are into home features that improve energy and water efficiency. Efficiency improvement costs need not be extravagant. Investing in a smart thermostat won't set your budget back and will provide future users with a more effective and practical way to save money and resources.
When you invest in such home tech improvements, you will create a strong selling point while improving your property's comfort, functionality, convenience and eco-friendliness. Other ways you can improve the efficiency of your home is to replace old windows with new, energy-efficient ones, ditch old appliances for Energy Star models, switch to LED lighting, and boos insulation on your outside walls.
Hardwood Floors
It's easy to see the appeal of hardwood floors. They last for a long time, add richness to any decor and can withstand the abuse of pets, kids, and aggressive foot traffic. Plus, they are easy to clean and maintain. If your current wood flooring has seen better days, it will be worth the time and money you invest to refinish them, as you can recoup 100% of the cost. If you replace carpeting or other type of flooring besides hardwood and install new hardwood, your Return On Investment will be 70%-80%.
Fresh Paint
Paint is magic for many reasons: It can instantly upgrade both the interior and exterior of your home and do so for a very low price. Even dated surfaces can look fresh and new with only a coat of paint.
Deck or Patio
Right now, people are willing to spend a lot of money on outdoor features that allow them to spend time outside. So, make sure to deck or patio area are pristine.
New Front Door
Replacing your front door can also work wonders for your home's value. If you have an old ugly door, replace it with something like solid mahogany and you'll achieve cost-effective, yet luxurious results.
Want to go a step further? Tackle your outdated garage doors with something modern for an extra touch of curb appeal.
If you provide buyers with something move-in ready, you'll definitely achieve a good price, so even minor investments will help get a home sold more quickly and result in two satisfied parties.
