In the real estate market, homeowners need to be aware of what home upgrades are going to give them the best bang for their buck if they decide to run around and sell their home. Most good realtors know what to recommend, but there are some upgrades that future sellers can add that will retain and add value to their sale price. We go over these below. Enjoy!
- Bathroom remodels. You can either do this yourself or have a contractor do it, but on average, 100% of the money spent on a minor or major bathroom remodel will retain it’s value. So, spend $15K, get back $15K when you sell your home.
- Window Replacements. Adding curb appeal is so important when you have potential buyers coming to look at your home. Adding something like a bay window is a great touch to add to your home, and you can do that with a little insight into what a contractor might need to do from a construction standpoint. Normally, window companies like this one: www.ftcollinswindows.com can give a contractor specific instructions on what the dimensions need to be inside a home in order to add a bay window.
- Landscaping. We’re talking curb appeal again. If your front or back yard are in need of a bit of maintenance, or you need to green up the grass, having a landscape or lawn care professional come in to add some beauty to your garden or yard will help you get top dollar when you sell. Follow this link to find some tips and tricks to make your landscaping look much better.
- Paint your home. Painting inside and out can give your home a fresh look, and enhance the way buyers see it when they walk through. Freshening up each room so you have a new coat of eggshell or bright white can give you the appeal you are looking for when it comes to showing your home. For some tips on painting, visit this Popular Mechanics link.
- Give your appliances a facelift. If you look around and all you see are appliances that are old and outdated, consider getting all new stainless steel appliances for your home. A new dishwasher, refrigerator, and stove/cooktop can up the ante when you talk to your realtor about listing your home. You don’t have to go crazy spending on the most expensive appliances, but buying everything new gives you a better chance of attracting higher offers when your home is on the market.
- Knock down some walls. Creating extra space in your home is probably the best way to make it sell quickly. If you could easily knock down a wall that is not serving any purpose (meaning it’s not weight-bearing), and you won’t have to spend much to upgrade that space, this might be a no-brainer for you. Also, if you have storage that could be expanded into areas that are not being used, all buyers look for great storage space when they are shopping for a home.
Check out this YouTube video outlining some great tips on getting your home ready to sell.
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We hope this was beneficial for you, and come back again for more information on the real estate market.