Adding Value To Your Home
Since it can be difficult at times to decide which home improvements to make, we’ve compiled a list of the few ways you can make living in your place enjoyable in the short term while getting remarkable returns when it comes time to sell.
Structural and Mechanical Improvements
Before even focusing on cosmetic improvements, make sure you have taken care of all necessary repairs, upgrades or replacements for your house’s interior systems. These systems include heating, plumbing and electrical. Buyers will expect the basic infrastructure to be well-functioning and will not want to pay for future repairs or replacements. Most buyers today prefer turn-key homes.
Outdoor Repairs and Replacements
Sometimes, repair and replacement projects can increase the value of the home much more than remodeling projects can. Fortunately, these kinds of projects are the least expensive and add to the house’s curb appeal. Discussed here are some simple but effective things that you can do around your home that will not only spruce the place up but add some value as well. These are budget conscious improvements that won’t break the bank. If you own an older home and your roof is getting up there in age make sure you budget for this expense. While a roof is a necessity and part of putting shelter over our heads it does not a have a large return on investment.
Other things worth replacing or repairing include the front door, garage door, siding and windows. These projects could increase your home value drastically; the average return on investment for such projects is almost 90%. Not only are these improvement highly visible, they can help sell a home as well.
Bathrooms are one of the most important rooms in a home when it comes to selling. Improving the cosmetics of your bathroom will easily bolster your property value. You can start by redoing the bathroom floor. Invest in new, quality flooring; a neutral-toned tile has more potential of adding the most value. It would also be a good idea to replace any outdated fixtures. For example, adding stylish lights will give your bathroom a renewed sparkle that will appeal to buyers.
You can also update your shower with a new spa-style chrome shower head for less than $100. For the simplest and cheapest improvement, considering replacing your towel bar with one that shines and glistens. A fresh coat of paint can also make a huge difference.
The flooring in a home is one of the most important for sure. It is one of the first things a buyer will notice. If your floors are tired, worn and beat up the first thing a buyer will do is mentally start subtracting what they will be willing to pay for the property. There are certain rooms in the home where floors are more important than others including the kitchen and baths. We spend a good deal of time in these areas so it only makes sense. If you have less desirable floors like vinyl or Pergo these could be worth replacing especially if the home you own is in a price point where more desirable selections are expected.
Kitchens are typically the core of a family home and the most important. It goes with saying that almost anything you do to improve this area of the house will undoubtedly improve the value. Whether you would like to remodel the kitchen or just make some minor adjustments, you should start by repainting the walls. Vinyl floors are considered out-of-date, so consider replacing them with hardwood or tile. Stay away from laminate, as mentioned above it does not have great appeal.
Other projects that will add value include updating the kitchen sink and light fixtures and installing new cabinetry. If you don’t have it in your budget to replace the kitchen cabinetry look into just re-facing the doors which can be far less expensive but totally change the complexion.
Lastly, it is surprising how just updating drawer handles and cabinet knobs can give the kitchen the proper cosmetic face lift it needs to brighten the entire room. Another method you can try if you are really on a tight budget is sanding your cabinets, then staining or painting them.
If your house has a basement, transforming it into a finished room adds practical square footage to the home. This type of project is arguably the best way to improve your home value, as it takes an unfinished basement and converts it into a physically appealing and functional room.
Open Floor Plan
One of the most common features that home buyers are looking for these days is an open concept floor plan. Many older houses do not have this kind of design. In order to attract more buyers as well as increase the price of your home, you might want to consider knocking down one or more of your walls to create a floor plan that potential buyers will love.
The first thing potential buyers will see is the front exterior of your house. Your curb appeal will be the deciding factor in whether or not they decide to check out the rest of your home. If you have enough in your budget and need some major landscaping work done, consider hiring professionals to take care of this project.
Marketing Your Home For Sale
When the time comes and you are ready to put your home on the market it will be important to show off all the hard time and labor you have invested into your home. Buyers who come to view your property should be made aware exactly what you have done to the place. One of the best ways to do this is to market your home improvements. When you hire our team to sell your home we will provide marketing materials that show off exactly what you have done. Improvements you have made will ultimately influence what you sell the home for. Showcasing this to a buyer could influence what they decide to pay for your home! Our listing at 64 Highland Ave unit# 11 in Winchester MA is a perfect example of home improvements which added tremendous value to the condo. For more information on the condo, please contact us directly at firstname.lastname@example.org .