Home renovation has always been a daunting task. You have to consider a lot of things, from project time frame to budget. With so many things to consider, homeowners know that renovation is an investment. You don’t just renovate for the sake of it; rather, you should renovate to increase your property’s value. Even if you aren’t planning to sell your house for now, you still have to recognize the effect of renovation on future selling possibilities.
7 Ways to Increase Your Home’s Resale Value
Upgrade Outdoor Structures
Outdoor structures play vital roles in your home’s value. From elaborate landscaping to swimming pools, potential home buyers mull over them. Though some find houses with swimming pools too expensive to maintain, you can still tempt them to purchase your property with the right tricks. One thing you can do to upgrade your swimming pool is to install a heater. Look for an electric pool heater so that people can still enjoy the activity even during cool weather. This will also help attract homebuyers and increase the property’s value.
When it comes to the outdoors, you also have to focus on curb and landscape appeal. These exteriors welcome your guests to your humble abode and set the expectations of what they will find in your house. As they say, first impressions are lasting impressions. So make that first impression an impactful one, and see how it positively impacts your house’s overall appeal.
Furnish Your Basement
Some people don’t focus on their basements and sell a house with an unfinished one. But did you know that basements give your home a big boost when it comes to value? If you are renovating, make sure that you give ample time to designing your basement. Finished and furnished basements will attract more potential buyers.
There are many possibilities of what you can do with your basement. You can add an extra bedroom or make it an entertainment area. Some homeowners renovate it as a basement suite with all the amenities of a small apartment. If this is too much for your budget, you can settle for a home office or a guest room. Adding a washroom in the basement is also a big plus to mark up its value. Just keep one thing in mind though: make it as spacious and roomy as possible despite the new additions.
Renovate Bathrooms
Upgrading bathroom interiors and fixtures increase a property’s value. This small yet essential part of the house has the power to either make or break a selling deal. Bathrooms may only be a few square feet in area, but they can turn off buyers when they see old and worn-out amenities. Broken bathroom tiles or stained toilets and tubs also make people’s noses cringe. Hence, bathroom renovations are crucial to increase your house’s overall charm and worth.
Re-paint Walls
When the budget is tight, and you can’t afford to get new stuff, work with the old. Repainting walls offer a lot of benefits when it comes to increasing a property’s value. The best part is that you don’t have to spend tons of cash on painting. You can opt to paint the walls yourself. Though it may take quite a while and a lot of research on how to paint walls properly, you can save hundreds (if not thousands) of dollars. Painting jobs only cost a lot due to the service fees of professional painters. But if you DIY, then you only need to spend on the cost of materials.
When repainting walls, you have to consider the colors that you use too. Stay away from bold ones. Though bright purple may look nice to you, it may scare off potential buyers and decrease your property’s value. Most people right now are looking for neutral color schemes that are lighter and soft. Such colors also lend the house an airy and refreshing vibe.
Light Up the Area Properly
Lighting goes a long way when it comes to enhancing your house’s overall appeal. No matter how beautiful your interior and exterior façade is during the day, it will not be given the justice it deserves when lighting is bad. Hence, you have to install light fixtures that can improve the aesthetics while providing good illumination. Interior lights also play an important role in making your home appear more spacious. Proper light placements create a good flow and can enhance the natural light that comes through windows.
Get New Doors and Refurbish Windows
Doors and windows play vital roles in pumping up your home’s value. Entries need to be inviting and welcoming. The front door, specifically, has to have an impacting vibe. After all, it is the entrance to your house. So even if you splurge a little bit to get the best front door, it’ll give your house an advantage in the market.
Meanwhile, replacing windows may be trickier. Windows are expensive, especially if you need to replace the entire window. You cannot just change one window while not changing the rest, right? All windows in the house need to be uniform to create a cohesive look. Hence, when you change one, you might need to change them all… and this will cost a hefty price. The strategy for window renovation is to refurbish old ones. Repaint and repair old windows when you can.
If the windows are so bad that repainting and repairing won’t work, you don’t have a choice but to spend on new window installations. To offset your expenses, choose energy-efficient windows that can help with your heating and cooling expenses. This will give you more savings on your monthly bills, and you can use this leverage to upscale your home’s value as well.
Redo Floors and Carpets
Renovation won’t be complete without changing your floor and carpet. Though this is likely to be expensive on your part, new flooring and carpeting can boost your house’s selling value. When changing your flooring, go for eco-friendly products such as laminated floors or tiles. Floors with hard surfaces mostly appeal to prospective buyers because they are easy to clean. They also don’t hold odors as carpets do. However, carpets have a beauty of their own that some buyers prefer, especially for the bedroom. Whatever you choose, just make sure that it goes well with your newly renovated interior.
Takeaway
Renovating is mostly done to upgrade a home’s value for property selling. With the right strategies, you can maximize the benefits of house renovation. But if you find renovating too much work and still hope to sell your house, you can always opt to get a wholesale real estate agency. These companies assess and give a reasonable price for your home – renovated or not. Renovating decisions may be hard, but you can still benefit at the end of the day when it comes to getting a beautiful home with a high market price.
You should have learned something new and useful from this essay. This page has a lot more suggestions: Home Renovations That Will Boost the Value of Your Home
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