If you are planning to sell your home, you will, of course, want to get the best possible price for it. Therefore, before you put it on the market, you should look for home improvement projects that boost the value of your home. You'd be surprised by how even small changes can significantly influence the price of your house. If you are not sure where to start, continue reading this article as we've prepared some improvements that will help you increase your home price and sell it quicker.
Making sure your home is up to code
Before you start looking for ways to refresh and increase the value of your home, you need to make sure that everything in it is in working condition. Depending on how old your property is, you can probably find room for home improvement projects that will bring your home up to date regarding residential building codes.
Make sure to check:
- HVAC system
- Windows and insulation
- Electrical installations
You can even hire a home inspector to do these checks and provide you with a detailed report on what needs to be fixed or replaced.
Home improvement projects that boost the value of your home
Let's be honest - selling a home isn't easy. There is a lot to be prepared and done before you're even ready to put it on the market. As you want to sell your home at the highest possible price, you will need to make sure to invest smartly in features that will help you achieve this goal. That way, not only will the sale be easier, but it will most likely be quicker, too.
Once you sell your home, you'll be facing another challenge - moving to your new place. Relocating to another part of California is not an easy task. However, you can still have a simple and stress-free relocation with the right help. Therefore, make sure to do your research and hire the best long-distance movers you can find.
Now, here are the best home improvement projects that boost the value of your home.
Renovate your kitchen
Most potential buyers are looking for a modern and updated kitchen when in search of a property. Therefore, regardless of whether minor or major, a kitchen renovation can help you boost your home price. On average, you can expect to recoup between 50 and 80%, depending on what type of renovation you go for.
Make sure to always have your budget in mind. Even the smallest changes such as painting the walls and cabinets, replacing the hardware, finding ways to style awkward corners, or updating the lighting fixtures can do a lot. Therefore, start small and try not to go overboard.
Also, ensure that your kitchen is relevant to the rest of your property. For instance, if the rest of your home is decorated in a vintage and old-fashioned style, a modern kitchen with state-of-the-art appliances could feel out of place. That could potentially turn off buyers and make them look somewhere else.
Transform the unused space in your home
Many homes have unused spaces such as basements, attics, or bonus rooms, and by finding ways to use these spare rooms in your home, you'll do a lot in terms of increasing its value. By maximizing the available space, you'll show your home's full potential and make it more appealing to buyers.
This is a much cheaper option than adding an extra floor or building a home extension. Plus, there are so many great ideas for using the free space you have. You can turn it into a home office, playroom, separate suite, guest room, or anything else that comes to your mind.
Invest in outdoor features and boost the curb appeal
If you don't have a deck or a patio, consider adding one, as it can add great value to your home. Depending on which materials you use, you can expect a return on investment of around 65%. On the other hand, if you already have a deck or a patio, make sure to power wash it and repaint, if needed.
As a first impression can make or break a home sale, make sure to invest in your home's curb appeal. An unattractive home that seems poorly maintained can make buyers turn around and search somewhere else. Therefore, consider investing in a new entry door or repainting the old one. Perhaps you can think about installing new lighting, or painting brick, wood, or vinyl siding.
Upgrade your bathroom
Another home project that will help you increase the value of your home is upgrading your bathroom. Depending on your budget, you can decide what type of renovation you can invest in but keep in mind that even the smallest upgrades can make a huge difference. Upgrading lighting, painting, or adding more storage space can make your bathroom feel brand new.
If your budget allows you, you can even consider adding another bathroom. This is especially useful if you only have one in your home. For example, you can create another bathroom from the closet space in your master bedroom. Multiple bathroom homes are always in demand and much easier to sell.
Add energy-efficient solutions
Nowadays, it's more important than ever to pay attention to our environmental footprint and live in a more eco-friendly way. Adding energy-efficient solutions to your home is not just a good way to reduce your environmental impact, but also a great way to increase the value of your home and ensure the next occupants are living green, too.
On top of this, many energy-efficient renovations can qualify for federal and state green energy tax credits, which is another significant advantage. Therefore, consider investing in solar panels or improving insulation. In fact, according to one research, insulating an attic will give you around a 117% return on investment.
Pay attention to interior design
When it comes to interior design, there are plenty of simple and budget-friendly upgrades to consider that will help you increase your home value. Here are some of them:
- Updating the hardware such as old doorknobs
- Giving your walls a fresh coat of paint
- Upgrading your light fixtures
- Installing blinds or any other custom window coverings
Therefore, don't underestimate small hallway or living room updates just because they're not as impressive as large-scale renovations. The visual appeal of your home is essential and can highly influence its value.
The bottom line
There you have it - easy home improvement projects that boost the value of your home. We hope you enjoyed reading and that we've helped you find ways to raise your home price.