Owning your home is a significant achievement that is both emotionally rewarding and empowering. It is a long-term commitment of both time and money. However, there may come a time when you decide to resell your home.
There are many reasons why a homeowner would want to resell. Increased family size, financial problems, new job transfer, death in the family, or neighborhood changes are a few reasons for selling a home. It could also be that the market is ideal for selling and you need the funds for other things. No matter the reason, there are many ways you can upgrade your home’s resale value. These renovations may not get you a 100% return on your investment, but they may make the home sell quicker.
The following ten ways to improve your home’s resale value are divided into outdoor and indoor improvements.
1. Kitchen Remodel
The kitchen space is the most important room when it comes to buying a house. It is the heart of the home and should be both functional and pleasing to the eye. A minor update or complete overhaul will surely add value to your home.
Removing a stained kitchen sink, replacing old appliances, or even resurfacing old flooring can be a valuable place to invest your money. Focusing on simple and inexpensive renovations will bring about the most significant returns. Here are some incredible kitchen sink ideas and designs available at allorausa.com to inspire your next kitchen upgrade, improvement.
2. Improve Your Bathroom
The bathroom is an essential part of any home. Renovating this space will surely add value to your home. However, if you only have one bathroom, it is better to spend money adding a new one.
An outdated bathroom will undoubtedly go unnoticed on the housing market. A more efficient bathroom will save the potential homeowner money in the long run and be better for the environment. Replacing old pipes or changing the paint color are some ways to “zhuzh” up your bathroom. A major paint color like a vibrant teal will also make your home valuable in the long run.
3. Increasing Square Footage
The size of your home will affect your resale value. Adding a room or two or making a room feel larger can improve function and greatly impact your home’s value. Knocking down a wall can create an open concept that many buyers are looking for in a home. An open concept floor aims to join the common living areas of a house into one big area suitable for individual activities of social gatherings. Walls and confining hallways can take up precious space in a home.
If a major upgrade is not within your budget, then decorating a room to feel bigger may be the way to go. Clearing out bulky furniture, using a monochromatic color scheme, or adding a large mirror to a room can dramatically double any space.
4. Become Energy Efficient
Installing environmentally friendly will not only decrease your energy bill but make your home more enjoyable. Replacing old fixtures and appliances will increase the bottom line if you decide to resell. You can also improve your roof with different roofing companies in Cincinnati Ohio.
LED lighting and Energy Star rated appliances will make any home feel updated and ready to live in.
5. Improve Lighting
Lighting is an essential priority as it improves our visibility in darkness and can add character to any home. Most homes suffer from low lighting or poorly placed lights which can cause vision problems as we get older.
Bigger windows, adding decorative lights or installing a dimmer switch can instantly adjust any room’s ambiance.
Stained or worn carpets and rugs will give the impression that your home was neglected and bring down its resale value. A potential buyer will immediately be turned away if they have to replace the flooring in a house. Replacing the carpet or flooring in the room with the most wear and tear will make your home more attractive to buyers and increase its value.
7. Improving Storage Space
Organized storage is another major item that potential buyers look for when purchasing a home. Older homes tend to have less storage space, so upgrade closets by adding more shelving or rods for hanging shirts or increasing storage by installing a spice rack in the kitchen.
8. De-Clutter And Clean Rooms
This is the most inexpensive way to add value to your home. Getting rid of unnecessary decorations and cleaning out cupboards will allow potential buyers to view storage space and not feel cramped and inadequate.
If your budget allows, then hiring a cleaning service will ensure that all the nooks and crannies are scrubbed and sparkling.
9. Paint Your Front Door
The front door is the entryway to your home and how it looks is the best way to make a first impression. The front door is exposed to outside elements resulting in cracked or peeling paint that will bring down any home’s value. A freshly painted door looks clean and updated, which will increase the value of your home.
Choosing the right color can impact potential buyers and doesn’t necessarily have to match the paint inside the house. The color should reflect the style of the home and the environment that the house is located. Also you can add some additional exterior stile through Roofing in Cincinnati Ohio companies.
The exterior of your home plays a major part in its value and how quickly it sells. A pretty garden and mowed lawn show potential buyers that the house was well maintained. This is one area where renovations can improve privacy by the addition of fences or trees.
Raking up dead leaves, cutting overgrown shrubs, and planting flowers to give a pop of color are cost-efficient ways to upgrade your landscape.
Making your home more appealing will ensure that it sells more quickly and at a higher cost as the potential buyer will move in without having impending repairs in mind. If you are unsure of the type of renovations you need to do, get inspiration from visiting open houses. Your home is your most valuable asset; therefore investing in it will significantly impact the resale value.