Selling Your Home? Try Home Remodeling Projects To Add Value

Homeowners can follow the market and work out when it is an excellent time to sell.

When there are fewer homes for sale and many homebuyers ready to purchase, it’s an excellent time to consider selling up.

However, consider increasing your property’s value with six of the best remodeling tips before you do.

Let’s look at some of the best home remodeling projects to maximize your sale price without unnecessarily draining your wallet.

1. A Fresh Coat of Paint

Repainting is an inexpensive way to give your home a fresh face. Paint doesn’t cost too much, and it’s an easy DIY project you can do on the weekends.

If your walls are faded or dirty, this is a great way to perk them up instantly. Plus, if you have outdated color schemes, changing the colors will make your house far more desirable.

Go for neutral colors that will work with almost anyone’s furniture. That’s what potential buyers are thinking about when they tour your home.

You might wonder if your color choice can make that much of a difference. Consider this: simply painting your front door a lovely shade of black can add $6,271 to the sale price. That’s a significant return on the cost of a paint can and a few hours of your time!

2. Up the Curb Appeal

As much as we like to say that we don’t judge a book by its cover, it isn’t true. First impressions are crucial- and they always will be.

The same is true for your home. Most buyers’ first impressions will be the photos they see of your home online. But their first impression of the house in person is just as important.

You can enhance the outside appearance of your home in many little ways. New siding or entirely repainting your house can be a big job. But in many cases, simply repainting the front and garage doors can make a big difference.

Spruce up the landscaping to make your home look amazing. You don’t have to go all out and completely redesign your landscaping. That could be pretty expensive. But adding a few plants here and there, trimming unruly existing plants, and cutting the grass can make a difference.

3. Finish the Basement or Attic Conversion

It’s no secret that extra usable living space can bump your sale price by quite a bit. However, the costs of adding a different room are usually too high to allow for an adequate ROI.

But what if you have an unfinished basement or attic full of random junk and old Christmas decorations? First, work out if you can create another usable room; ideally, it can be a bedroom. More bedrooms equals a higher sales price. A bedroom can increase your sales price by up to 20%.

If creating a bedroom doesn’t work, set up a home office. As more and more people work from home, home office space is desirable.

4. Kitchen Makeover

Everybody loves to eat. That’s what makes kitchens such an essential room in the home. However, kitchen remodels can get expensive quickly, and not everything will adequately bump up the sale price of your home. Thus, you’ve got to be smart about your kitchen remodel.

Some cost-effective ideas include

• Updating the lighting
• Adding a fresh coat of light-colored paint
• Replacing cabinet hardware
• Redoing countertops

New appliances may or may not be a good idea. Are they old and outdated? Then you’d probably benefit from replacing them. But it may not be worth the expense if they’re not that old.

5. Bathroom Makeover

The bathroom is another spot that responds well to renovations. But again, you need to choose the right renovations. Just like kitchens, bathroom remodels can get unnecessarily expensive.

Focus on little things like re-grouting tile, painting, and re-caulking. If you have a plastic tub, you may want to consider swapping it out for tile. This will be a more expensive renovation but carries a significant ROI.

You can save money on renovations by doing them yourself, but depending on the scope of your project (and your DIY experience), that may not be the best idea. This website can point you in the right direction when you need help with home renovations.

6. Energy Efficiency Upgrades

Energy efficiency is a hot topic these days. It’s also a highly desirable trait that buyers look for when buying a home. There’s some indication that an energy-efficient home can fetch as much as 9% more on the market.

In addition to boosting your ROI, this upgrade can help you sell your home faster. Buyers love the fact that the work has already been done.

They may know that they want an energy-efficient home but are not interested in upgrading. Thus, if the house has been upgraded, they’ll be far more likely to buy (and spend more on) your home.

The Best Home Remodeling Projects for You

Ultimately, the best home remodeling projects for you will depend on the state of your home. It also depends on how far into the future you plan on selling your home.

Even though you plan to sell in a few years, making some kitchen updates now can be excellent. You will enjoy the nice ROI and be able to use the updates in the meantime.

However, repainting your interior might not be the most excellent idea unless you plan to sell right away. Over a couple of years, the fresh paint look will fade away, and you won’t get as much ROI.

To check out more real estate and selling your home-related tips and tricks, browse the other posts on our blog.