Top 10 Home Improvements to Increase Your Home’s Value
Whether you plan to stay in your home for one year or one decade, there may be some small (or large) improvements you can make that could skyrocket your home’s value. While some are bigger projects, others are quick, affordable fixes that you can implement even if you don’t have the time or money for a full remodel. If you want to increase home value and sell your home faster, here are the top 10 home improvement tips to consider.
1. Start with the front door
First appearances matter to new home buyers, so make yours a good one with a working front door. It seems obvious, but you would be surprised how many people have door handles slightly falling off, doorbells that don’t work properly or look outdated, or ripped screens on an entryway door. If your door doesn’t look welcoming, consider a fresh coat of paint and a new doorknob.
2. The kitchen is where it counts
Home buyers of all ages consider the kitchen one of the most important parts of the home. Consumer Reports surveyed millennials, who said an updated kitchen was at the top of their list for home features. You don’t have to completely remodel the kitchen, but you can make simple fixes like add new cabinet door handles or resurface the cabinets, put in brighter, energy-efficient lights, and make sure all appliances work properly. Materials that will win you points are stainless steel and quartz for appliances and countertops.
3. Update your bathroom
Bathrooms are almost just as important as kitchens when it comes to home updates. Small upgrades like a new toilet seat, a vinyl tile floor refresh, or a pedestal sink that takes up less space can make your bathroom good-as-new. Be sure to clean your shower and bathtub, taking the time to regrout any tile if needed. This goes a long way in presenting a clean, more modern looking bathroom to potential buyers.
4. Take a look at your walls
Nothing says “outdated and uncared for” like chipped paint. If you’re happy with the colors of your walls, just do a quick touch up. If you want to repaint, go with neutral colors. They help make spaces seem larger, and help new buyers envision the home as their own because they imagine it like a blank slate.
5. And now look down
Do your carpets need cleaning? Hire a professional. Carpet cleaning is inexpensive and completely changes the look of a room. Do your carpets need more than just a cleaning? Try to cover worn areas with rugs or furniture, rather than redoing the carpets completely. For wooden floors that squeak, look into where you can place nails to help. If you have broken tile, repair it.
6. Don’t forget the basics
Things like plumbing and electricity are extremely important, but also easy to forget. Potential buyers won’t look past small things you can easily ignore. Spend the money for an electrician and plumber to come through and update everything, including leaks and loose wires.
7. Bigger is better
Not in house size, but in appearance of house size. People love space, and there are plenty of ways you can create it. Knock down a wall to make the house feel more open. People are drawn to bigger spaces that flow together, and many rooms don’t need their own doors. Kitchens that open into the living room, for example, are more popular than kitchens that are closed off.
8. Let there be light
Similarly to creating space, light makes a home feel bigger and more welcoming. HomeGain conducted a survey and found lighting dramatically enhanced a home’s appeal. Skylights and sun tubes are popular to bring natural light into a room, and dimmers are great for creating ambiance.
9. Efficiency is key
More and more homebuyers are looking at how efficient a home is when making their decision to buy. If you have to do maintenance anyway, replace appliances with eco-friendly versions. Things like air conditioners, washing machines, water heaters, refrigerators, and more can be replaced with energy efficient versions that will be appealing to new buyers, and give you a green tax credit. They’ll also save you money on your energy bills while waiting to sell.
10. Step outside
First impressions aren’t just for your door. Your yard counts as well. Prune trees–especially if they’re blocking light from the windows–weed your flower beds, mow your lawn, and in general, make the yard look attractive from the street. Not only will people be impressed as they walk in for an open house, but other potential buyers could drive by and want to stop because of a nicely groomed yard.
You don’t have to remodel to increase your home’s value. Follow these simple tips and pay attention to detail, and your newer looking, better working home will sell before you know it. Now that you have an idea on increasing your home’s value, it’s time to learn how you can properly price your home to sell.