You don’t want to leave a penny on the table when you sell your home. So, before listing, it’s essential that you assess your property and look for areas of improvement. Explore these helpful tips for increasing your home’s value to learn where you should focus your remodeling efforts.
Renovate Your Kitchen
A kitchen remodel can be one of the most expensive projects to tackle in a home, but it can also be one of the most impactful. Your kitchen remodel can affect your home’s value by giving you a return of investment (ROI) of at least fifty percent. But you won’t recoup everything you invest, so you don’t want to renovate right before selling the house. However, a kitchen remodel is an excellent investment if you plan on selling your home in a few years since you’ll enjoy the updated features in the meantime.
Energy-Efficient Features
Homebuyers love energy-efficient features because it is an investment in their future savings on utility bills. As more and more homes opt for solar panels, smart thermostats, and other advanced tech for cutting energy prices, eventually, every home will have them. However, for now, it is still a luxury item that you can market to buyers as an amenity of the house. It’s a great investment for the planet’s future and your pocket.
Finish Out the Basement
You’re leaving money on the table if you have an unfinished basement. Nothing increases a home’s worth like adding bedrooms and a full bath to the listing. And, if you have a giant space in your basement that isn’t finished, you can plaster the walls and get paid to do it.
Also, if you live in a highly populated area, you can finish out the basement as a separate unit. This way, you can rent out the extra space for a profit, so the renovation pays for itself over time. Then, when you do sell the home, you don’t have to worry as much about recouping your investment.
Make It a Bedroom
As already mentioned, adding bedrooms can add a lot of value to your home. For a space to be classified in real estate as a bedroom, it must be at least 70 square feet and have a door, window, and closet. So if you have a bonus room or office space that doesn’t have all of these features, you can remodel the space to fit the requirements of a bedroom.
Give It a Facelift
On top of extensive remodeling, there are more basic renovation projects you can take on to give your home some curb appeal. While a makeover is more challenging to put a price tag on, a clean, fresh look will make your property seem newer. For you to sell it at the highest possible price, the home needs to put its best foot forward. So consider a new paint job, updated lighting fixtures, professional lawn maintenance, and other superficial renovations before putting your home on the market.
With these helpful tips for increasing your home’s value, you can get a more significant return on your investment when you’re ready to sell.