3 Home Improvements to Increase your Home Value and Buyer Appeal
3 Home Renovations to Increase your Home Value
In today’s Blog, we will go over some home improvements that will increase the sell value of your home! If you are like many home sellers, then you want to get the best price possible for your existing home and some small renovation is a must to achieve this. While some home renovations cannot always increase your homes value today we are going to share our top 3 renovations to help the sell value of your home.
3. Minor Kitchen Remodeling
Our 3rd most important renovation to maybe consider while selling or before selling your home is to lightly remodel your kitchen. While you should not undertake large projects to entirely redesign your kitchen a few touch ups here and there are proven to help your home sell for more. The best way to go about doing a small remodel of your kitchen is to pick the small projects with the most profound impact. An example of this is shown by research which shows that repainting your kitchen cabinets Black/Dark Navy with lighter colored uppercabinantry can increase sell value by $1,547. It is important to do research from reputable sources to find the best renovations for your specific area as this changes through different states.
Why You Shouldn’t Overdo your Kitchen or any Remodel
When you do renovate your kitchen you want to do so in a manner that does not make the kitchen detract from the home. One example is, say a home has been on the market for almost 2 years. On the outside it has great curb appeal and is in a good neighborhood with location close to the downtown area. However on touring the home it becomes apparent why it had not sold. While it could be a humble looking property (not bad looking) the kitchen had been renovated far past the point of any other feature in the home. With large appliances, expensive countertops (which some might find ugly) and more it should be apparent of why taking this route does not help sell your property but might actually hurt the selling process and price.
Bathroom remodeling depending on the property is typically one of the best ways to increase the value of your home. Are there enough bathrooms in your home or are your bathrooms outdated? These factors actually play a large part towards buyers interest in your property. Other questions to ask could be Is my bathroom tile stained? Is the calk looking a little dry? All small and large issues like these stand out to a buyer ten fold. As discussed for kitchens however, it is not advised to undertake entire remodels unless necessary. It is widely recommended to take a neutral approach when remodeling any space to help appeal to a wider audience of buyers rather than that of a certain niche. Some other tips to keep in mind are to prioritize repairs, have eco-friendly shower heads and light fixtures/update bathroom fixtures to more modern lighting, or even upgrading or jazzing up your shower. These are just a few ways to improve on your bathroom to increase sell value and appeal to more buyers.
1.Curb Appeal and Light Landscaping
At number 1 we have light landscaping and curb appeal work. It was admittedly hard putting this list together as there are so many ways and strategies to increase sell value, but light landscaping and creating high curb appeal is what we have found to be the best. Both of these work hand in hand as work on landscaping typically increases a properties curb appeal. As curb appeal is the first thing a buyer sees when viewing homes it is important to make your home stand out. An example of a simple but effective project would be to repaint the front door. According to Zillows 2018 Paint Color Analysis, homes with charcoal, smokey black, or jet black doors sell for a $6,271 premium. Of course not all small things like this can have such an impact but it is important to research to find the best approach to increase your ROI (Return On Investment). Of course there are many different avenues when it comes to increasing curb appeal and sell value but it largely comes down to the home and what aspects should be improved.
To read more about curb appeal and the best ways you can improve your properties curb appeal check out our recent blog post: Top 5 Tips to Increase Curb Appeal and Draw More Buyers.