A lot of homeowners desire to increase the value of their homes through home renovation projects. This is because getting a budget for this kind of project has now become easy, thanks to the availability of Mortgage lenders. Any homeowner can tap their home equity and use that money for whatever purposes they like, such as home improvement and renovation.
However, getting a significant sum of cash from your home equity doesn’t always mean that you can overdo your home renovation through an expensive revamp just to increase its value.
Below are the simple yet surprising home improvement tips that will not only add curb appeal but also increase the value of your home as well.
Why Renovation is Essential?
If you plan on selling your house soon, then now is the perfect time to work on your home improvement projects. But why would you want to pay for renovation costs if you’re going to sell it soon anyway?
Improving your home before selling can help attract potential buyers and make it even more desirable to the real estate market. It can also help you sell it faster and at a higher price. Now that is something homeowners like you wouldn’t want to miss.
There are lots of home improvement projects that give a high Return on Investment. These are the kinds of projects you need to focus on. But before you go on improving your home, make sure you’ve got enough budget to cover your expenses. It also becomes a must to contact your Mortgage Lender if you want to sell your house before you’re done paying off your home loan. This way, you can avoid hassles in the future.
For those who want to increase the value of your home before selling, here are some home improvement projects worth investing in.
Think About Your Curb Appeal
The first thing to work on is improving your curb appeal. You’d want to make a good first impression on potential buyers. Nothing attracts buyers more than a clean yard and gorgeous landscaping. If your house looks good enough to draw attention from passersby, you can expect it to receive tons of views online and have homebuyers flock to your home in time for viewing.
Basement Renovation: Adding Value and Functionality
Did you know that a finished basement can provide additional living space? This is the major selling point for many buyers. We have seen lots of basement finishing fort collins projects that have significantly increased property value.
Creating a functional layout that maximizes the use of space is crucial. Depending on the size and configuration of your basement, you could add a family room, home office, gym, or even an extra bedroom and bathroom. Multi-purpose rooms are especially attractive to buyers who need flexible spaces for various activities. Think about how the space can best serve future homeowners and design it with versatility in mind.
Don’t Forget Kitchen Renovations
No matter how big or small a kitchen improvement project may be, this can already add some money dollars to your home. When your appliances need replacement, go for energy-efficient ones. When it comes to light bulbs, choose LEDs. Clean up your kitchen cabinets and give them a makeover by painting them a fresh coat of color or by replacing the kitchen cabinet doors. Turning it into a modern kitchen area can help in improving the selling price of your home.
Stage Your Home With Quality Furniture
Did you know that you can borrow or rent some furniture to make your home look enticing to homebuyers? By dressing up your house with lovely furniture, it helps buyers visualize themselves living in the space. When you let them experience how it would feel to live in your home, it helps boost the price of your home and sell it at a faster rate.
Good Read: Renting Furniture When Staging a Home for Sale
Extend Your Living Space Outdoors
Adding a deck, building a patio, and setting up an outdoor kitchen is one of the best ways to increase your home’s living space. And you know what happens when there is more room in the house you’re selling – you get to increase the price and enjoy a high ROI.
Update Your Bathroom Details
Updating the bathroom doesn’t need to be expensive. Repaint the wall if it’s outdated. Add some paintings and replace old lights with LED to make it look beautiful and cleaner. Also, consider adding a bidet toilet seat. This inexpensive addition will not only add significant value to your home but also make your bathroom cozier like the one we see in some hotels.
Paint, paint, paint
Refinishing some of your old fixtures is a lot more cost-effective than replacing them with a new one. A freshly painted front door or window will make them look beautiful and updated. Also, don’t forget to include your old kitchen and bathroom cabinets.
Make Sure Your Home Is In A Good Condition Before Selling
So you’ve decided to sell your home – congratulations! This exciting new chapter likely involves maximizing your return on investment. While curb appeal and trendy renovations can grab attention, ensuring your home is in good condition is paramount.
Peace of Mind and Added Value: Home Maintenance
When it comes to increasing the sale value of your home, it’s easy to focus on curb appeal and trendy renovations. After all, these are the eye-catching elements that attract potential buyers. However, some of the most valuable home improvements you can make are less about aesthetics and more about the overall health and functionality of your home. These essential maintenance tasks like mold inspection, HVAC servicing, or regular pest control, provide peace of mind to both you and future homeowners, ensuring that the property is in excellent condition and ready for the market.
1. Roof and Gutters
A well-maintained roof is one of the first things potential buyers will notice. Regular inspections and repairs from Roof Co Group can prevent leaks and water damage that could lead to costly repairs down the line. Clean gutters are equally important, as they prevent water from seeping into the foundation and causing structural issues.
2. HVAC System
Your heating, ventilation, and air conditioning (HVAC) system plays a vital role in maintaining a comfortable living environment. Regular servicing ensures that the system runs efficiently and reduces the risk of breakdowns. Replacing old filters, cleaning ducts, and scheduling annual inspections can improve air quality and energy efficiency, making your home more attractive to buyers.
3. Plumbing
Updated and well-maintained plumbing systems are a significant selling point. Fixing leaks, ensuring good water pressure, and upgrading old pipes can prevent water damage and mold growth. Additionally, modern fixtures and efficient water heaters can add to the home’s appeal.
4. Electrical System
Safety is a top priority for homebuyers. Ensuring that your electrical system is up to code, with updated wiring, outlets, and circuit breakers, can prevent fire hazards and electrical failures. Consider adding energy-efficient lighting and smart home features to appeal to tech-savvy buyers.
5. Foundation and Basement
A strong foundation is critical to the integrity of your home. Addressing any cracks, leaks, or signs of settling can prevent major structural issues. Waterproofing your basement and ensuring proper drainage can also protect against water damage, making the space more usable and adding to the home’s overall value.
6. Windows and Insulation
Energy efficiency is a significant concern for many buyers. Upgrading to double-pane windows and adding insulation can reduce energy costs and improve comfort. These improvements not only make the home more appealing but also signal to buyers that the property is well-cared-for and energy-efficient.
7. Pest Control
Regular pest inspections and treatments can prevent infestations that could damage your home and detract from its value. Ensuring that your home is pest-free reassures buyers that they won’t have to deal with unexpected problems after moving in.
By focusing on these critical maintenance areas, you not only enhance the functionality and safety of your home but also provide potential buyers with the confidence that the property is in excellent condition. These behind-the-scenes home improvements might not be immediately visible, but they add substantial value and peace of mind, ultimately making your home a more attractive and reliable investment.
Sell your home at its best value by improving your home with these simple tips. What other projects will you recommend? Comment down below!
