Renovations to Boost Home Value

Is it worth renovating your home before selling them? There’s no simple answer to this question but one thing is for sure, presentation is of utmost importance when selling a home. Before you make the call, you should ask yourself the following questions:

1. Do I have the budget?
2. How much is my home worth in the current market? 
3. Will the renovation increase my home’s resale value?
4. How much is the return on investment after the renovation?
5. How long do I plan to stay on the property before moving? 

If after careful consideration and you have decided to go for the makeover, you should now decide what renovations you should take care of. Here are popular features to revamp before selling your home:

1. Kitchen renovation - from meal preparation, and storage, to social gatherings the kitchen has the most functions in a home making it vital to a homebuyer’s decision. If shabby is what describes your kitchen, then it’s time to give it a makeover. A kitchen island with a nice countertop, ample shelving and storage spaces, and ambient lighting are great ideas to liven up your kitchen. 

Check out our blog on kitchen must-haves to elevate your kitchen.

2. Bathroom upgrade - another part of the home that draws homebuyers immediately is the bathroom. It is where you start your day and it is where you end it. Consider upgrades that could cut down utility costs without sacrificing its appeal and safety features.

3. Repaint - give your home a fresher look with new paints. Choose a clean, eye-friendly color like beige, cream, yellow or lighter shades of grey and blue. A muted color palette may also do the trick. For architectural wooded homes, a bold white is perfect for contrast. 

4. Flooring - one important part of a home that affects its overall appearance is the floor. It is the first physical contact a potential buyer will have with the property. It is not enough to focus on the design and safety of the flooring to be installed or reinstalled. Proper installation of your flooring is also crucial, and it requires the help of a professional installer. This cost is something you should not be skimping on. 

5. Repairs - ac problems, outdated wirings, or plumbing issues can easily off your potential buyers. Identify parts that need to be repaired and have them fixed before staging. 

There you have it, renovations that can help boost the value of your home. What you should remember during renovation is you are not spending time and money on your property for your enjoyment but to maximize its appeal to your buyers. Renovate home features that your buyer demographic would deem valuable. Take note also that there are certain home additions and upgrades that won’t actually raise the value of your home. Ask your local real estate agent for insights to help you get the maximum bang for your buck.