If you’ve lived in your home for a while and intend to sell it in the future, it’s worth investing in some home improvement projects to boost its value. Whether it’s converting a loft into another living space or upgrading the kitchen so that it’s fresh and new, renovations can go a long way in terms of enticing would-be buyers. Below are 4 home improvement projects that can help you get selling.
Modernize the Kitchen
One of the most important spaces to attend to when increasing the resale value of your home is the kitchen. According to some estimates, a kitchen remodel can even recoup up to 80% of your investment. While the cost of kitchen remodel can get quite high, it’s important that you stay proportionate to the value of your home. In other words, don’t go crazy!
One of the best ways to maintain sensible costs is to start small. Rather than rip everything out and start from scratch, attend to your cabinet doors, drawers, and hardware. It could also be as simple as adding a fresh coat of paint to the walls and cabinets. Improving these areas can greatly improve the overall look and feel of the space.
Update the Flooring
Flooring is another feature that can either boost the resale value of your home or knock it right down. First, you’ll need to assess whether the flooring style is outdated and if there’s wear and tear. In some cases, it may be one or the other, so you’ll need to determine whether you want to replace the style or simply update the materials.
Remember that new flooring can completely transform the look of a room. If you’re going for something more modern, do some research into what types of carpets, tiles, and floorboards are in style. In terms of durability, make sure you choose the right type for both low and high traffic areas. Living rooms, for example, should have flooring that is robust and easy to maintain.
Upgrade the Bathroom
Along with the kitchen, bathrooms are another important area that affects resale value. Some estimates indicate that bathroom remodels can recoup 60% or more of your original investment. But like the kitchen, it’s important to start small and keep the budget of the remodel in proportion to the value of your home.
Start by installing new fixtures and tiles or adding a new lick of paint. If the budget allows, you could also revamp the space so that it includes both a shower and a bath. These two features alone can greatly increase the value and appeal of your home. Beyond that, adding new mirrors, light fixtures, and fresh décor such as plants can also greatly improve the look and feel of this space.
Improve the Yard/Deck
Many prospective homebuyers will also be looking at the quality and size of your outdoor deck and backyard. If you don’t have a deck, it’s worth considering adding one as this feature can also produce a big return on investment. Not only do decks increase the size of the living area, but they are also cost-effective to build. While you’re at it, it’s worth doing some landscaping to ensure your backyard looks inviting and well cared for.
