When preparing to sell your home, it’s important to consider your resale value, so you can avoid projects that won’t increase its value. While it can be tempting to add an extra bathroom, this type of home improvement is not always the best idea. For example, a home recording studio in a basement may turn off a young family, so you might want to redesign it instead. Similarly, marble floors in a bathroom and a $10,000 kitchen range are likely to deter potential buyers, so you should not add extra spaces without considering resale value.
Landscaping your lawn is another great idea to increase its value. If you’re able to do so, make sure it looks well-maintained. If you’re handy around the house, consider planting perennial flowers. You’ll get a nice pop of color from the plants. While many people prefer to pay a professional landscaper, a DIY homeowner can save money on landscaping costs. And don’t forget to update old windows, too. Changing out old ones with new ones can make a big difference in the look of your home.
Consider a kitchen remodel. A modern restaurant-style kitchen can turn off potential buyers. You may also want to add a bathroom. Bathrooms are a hot commodity in today’s real estate market, and adding a bathroom can significantly increase its value. The same goes for painting the exterior. A new kitchen, bathroom, or other room can increase the value of your home and make it more desirable to prospective buyers.
Adding a sunroom or conservatory will add an additional 6% to the value of your home. Adding a sunroom or conservatory can cost upwards of $12,000, but it adds 5.5% to the value. Renovating your kitchen, for example, can add an additional $10,000 to a home. You can also consider making some upgrades to your exterior by including windows and outdoor functionality. All of these home improvement ideas will increase the value of your home.
You can even transform plain walls into a showcase for storage, display, or recessed niche. Built-ins are another great way to increase the storage potential of your home. A mix of open and closed storage options will increase the functionality of built-in shelving. Finally, you can add some custom cabinetry, like drawers or cabinets. There are many projects to choose from. A good start is making the exterior more appealing.
When selling a home, consider a few home improvement ideas that add resale value. While some projects will increase the value of your home, others will simply improve the space for the current owner. In the long run, however, it will be best to prioritize projects that will increase the value of your home. When selling your home, it is important to consider the ROI before undertaking major renovations. Incorporating new kitchen appliances or replacing outdated lighting may not make your home more attractive.