If you’re thinking about selling your home in the near-future, you’re probably wondering if there’s anything you can do to increase your home’s listing price. Fortunately, the answer for almost everyone is “yes”! Whether you have a lot of disposable cash to upgrade your home, or only a little to spend on repair necessities, there are plenty of remodeling project options that can help improve the value of your home. Here are five of the best tips we’ve collected to help you figure out where to start.
- Go green In today’s market, “energy efficient” is one of the biggest things people look for in a new home. Energy efficiency saves the owner money and is better in the long run for the environment. Greening up your older house – by replacing old water heaters and outdated appliances, changing out less efficient light fixtures for newer ones, and improving your home’s ability to trap hot or cold air by adding insulation or caulking up drafty windows – can be the most cost-efficient way to add value. There is a green project for every budget, and substantial savings can be made merely by changing out all the light bulbs for new LED bulbs. Here’s a list of the most energy-efficient improvements you can make.
- Spruce up a bathroom Even the most minor of bathroom updates can translate into improved home value, because homebuyers love a nice bathroom. Who doesn’t? Think about replacing light fixtures or removing dated wallpaper. If you have a little more to spend, go with a new vanity, or replace the tile flooring – bonus points if you add green-friendly radiant heating underneath your fancy new tile.
- Add to your curb appeal Although real estate experts can’t agree on whether improving your landscaping will result in a 5% return on investment or a 1000% return, everybody agrees that a good-looking yard adds value to your home. It is the first thing potential buyers and visitors see, after all. So even if you don’t have a lot of money – or a particularly green thumb – installing a new mailbox or planting some pretty new flowers is a great, cheap way to attract buyer attention. You can usually hire someone to do a full cleanup of your yard for a few hundred dollars.
- New paint works wonders A fresh coat of paint is a miracle worker when it comes to improving your home’s sticker price. It can make a room, a door or even the home’s exterior look updated and modern even when no other improvements have been made. A gallon of paint tends to run about $25 depending on the quality of paint you choose – if you know how to paint a room yourself, you can do a couple of rooms for about $100. But even hiring a professional will still only run you around $1000 for those same rooms. In the world of home upgrades, that’s a pretty good bargain.
- Kitchen updates never fail
Alongside the bathroom, the kitchen is the other room that buyers focus the most on, especially first-time homebuyers. This means that even little updates can translate into big returns. Start by replacing old, outdated appliances. Stainless steel is in this season, so go for that modern, clean look. If you’re able to afford the next level of renovation, think new countertops – and choose eco-friendly materials for new countertops, like bamboo or recycled paper (yes, really!).
Overall, taking care of your home is an investment in and of itself. Adding value, like with the addition of a generator or a storm shutter, can make a huge difference in how safe you feel in your home as well as it’s monetary worth.