Everyone wants to get top dollar for their home when they sell it, and sometimes that means having to make a few home improvements to maximize your profits. How do you know which improvements give you the best return on your investment? Here are the best home improvements to sell your home for more money.
Update or add a bathroom
If your home has only one bathroom, adding another can make your home much more attractive to buyers, especially if your house has several bedrooms. Bathrooms get a lot of daily use, so buyers are willing to spend more money on a home with great bathrooms.
Even updating your existing bathroom can net you a big return on your investment. New countertops, a new bathtub or larger standing shower, and new tiles can all be great investments that will help you get more for your home.
Besides bathrooms, kitchens are the other ‘big money’ room that buyers are looking at. The hub of the home, an outdated kitchen will be a big turnoff, but a sleek, stylish one will have buyers opening their wallets. Opt for traditional upgrades like wooden doors and cabinets, commercial-look appliances, and stone or wooden floors.
Most homebuyers have a certain amount of money budgeted for the purchase of their home and another smaller amount set aside for repairs and upgrades. Most do not want to spend the second figure on repairing and replacing home ‘essentials’ like the roof or the boiler. If these need repairs, go ahead and tackle those. You’ll be able to negotiate a higher asking price if the new homeowners won’t have to shell out for these immediately after buying the house.
Painting is a low-cost home improvement technique that can yield the highest return on investment. When you paint the house in uniform and neutral tone it gives the house a facelift. According to Zillow’s economic development director, 36% of home sellers decide to go for fresh paint before they put the house up for sale. When buyers see a fresh coat of uniform paint, it becomes easier for them to visualize however the way want to decorate their future home.
Boosting curb appeal
The first impression matters a lot, and if your home doesn’t have great curb appeal, buyers won’t be willing to pay as much. If your yard is patchy or overgrown it can detract the potential home buyers. Take a good look at the front and back yard, anything that is dead should be removed & anything that is overgrown must be trimmed. Fortunately, you can spruce up your landscaping without spending a ton of money, but if you have serious cosmetic issues like missing siding or cracked pavement in your driveway, you may have to shell out more money than you can recoup.
For more tips on getting your home ready to sell, check out the Prep n’ Sell blog often.Back