Top 5 Home Renovation Projects That Boost Your Home Value
Wednesday, November 24, 2021
These five updates could boost the value of your home significantly.
Your home is one of life’s biggest investments and a precious asset which needs maintenance and updates so that when it is time to sell, it appeals to mass buyers and fetches the best price. Although these renovations often come with high price tags, they are definitely worth it in the long run. Here we bring to you five high demand renovations that largely appeal to buyers and yield the highest return on investment.
Exterior of Your House
Did you know 78% of buyers have already decided whether they like the house or not upon seeing the exterior of your house? Hence, enhancing the exterior façade is a crucial part of attracting a large number of buyers. You will be surprised just how a fresh coat of paint or a touch of nature in the form of perennials and a well-kept front yard can do wonders to boost the curb appeal of your house. When choosing a paint color, make sure it complements your overall house style. You can add a pop of color by painting the front door in warm and bold colors. If you are planning to sell during winter, make sure the driveway is salted and no leaves or branches are destroying the ambiance.
Roofing
When you live in a harsh weather climate, your roof can be damaged easily. If you have an old house, damaged roof, missing shingles can greatly reduce the outlook of your home and discourage potential buyers from making an offer. So before listing your home in the market, make sure your roof is sound and without any damage. Take care of your roof by having clean gutters, removing snow, trimming trees and branches and getting rid of any moss or mould.
HVAC system
The heating, ventilation, and air conditioning (HVAC) system is imperative for enhancing the comfort of your home. When a prospective buyer walks in and finds the heating is not working, it can be a huge turn off. Make sure you maintain the HVAC system properly throughout the years. Have it inspected by professionals at least once a year. If it is an old one, consider replacing it. A well-maintained HVAC system lasts 10-15 years. Newer HVAC systems are more energy efficient and reduce utility bills. For today’s savvy homebuyers, you can also add a smart thermostat.
Kitchen Remodel
Although many people think you have to completely redo the kitchen, it is okay and actually much more profitable if you make minor changes, such as fixing obvious issues, changing cabinets, faucets and so on. Make modest improvements without breaking the bank, such as if you have a tiled kitchen, consider cleaning the grout to pristine white instead of changing the entire flooring.
Finish the basement
A finished basement will definitely perk up your prospective home buyers to make a serious offer. It is a highly sought-after feature among today’s home buyers. This is especially an enticing upgrade if you have a basement with a separate entrance. It will not only add more functional square footage to the home but also serve as an income generating source for the new buyers.
Before you list your home, make sure to consult a local realtor and get your home evaluated to sell your home fast and for the best price. You can contact us at luckyarulhomes@gmail.com or send us a message to get started on your home selling journey.