At least 37% of all American homeowners are no longer paying a mortgage. This growing number of homeowners has had a direct impact on the growth of the home improvement market. When buying or selling your home, the inherent value attached to the property often affects the ultimate pricing.
If you’re hoping to sell your home soon, home improvement should be at the heart of the preparation process. However, most homeowners don’t know how to go about the process of home improvement.
Are you wondering how to achieve home improvements that add value to your home? This article reflects on 8 home improvements every home seller should consider before listing their home.
1. Finish Your Basement
Basements are a deal-breaker for most people when buying a home. Every high-income buyer in the United States will ask you about the state of the basement before anything else. As such, an unfinished basement can get in trouble with potential buyers.
You might end up having to settle for a bargain deal in the end unless you work on your basement in advance. A finished basement could add as much as $50,000 to the value of your home. If you don’t do your best to upgrade the basement before listing your home, you should prepare to market the property at incredibly lower rates.
Finishing your basement could cost you around $50,000 if you are keen on impressing your potential buyers. This means that you must set aside enough money to undertake the process of finishing the basement before listing the property.
2. Ensure Touch Up for the Exterior Paint
Sometimes a simple touch up of the home could be the only thing you need to impress your potential buyer. The exterior of your home could be susceptible to the extremes of weather. Unless you do enough to keep your surfaces looking fresh and shiny, you might struggle to find a buyer for the property.
A fresh coat of paint is among the home improvements that add value to your home. Suppose you’re looking to ensure that your home gains in terms of value, it would help to consider painting the walls. The flaking or chips in the exterior that looks rusty could taint the otherwise impressive interior.
Some of the other parts of the house you might consider include the front door. The entrance of your home often speaks a million things about you.
For this reason, it would be a blunder to leave such conspicuous sections of the exterior looking rusty and deserted. Painting and trimming the front door then adding a fresh coat of paint could do the trick for you.
3. Revamp the Front of the House With Stone Veneer
The front of your house can make or break any visitor’s first impressions. Unless you improve this first impression, any person looking to view the house might not find anything to amaze them. Are you looking for home improvement ideas?
Adding a stone veneer to the front of your house could do the trick for you. Most people assume that veneers are expensive and impossible to install. However, veneers are some of the best options when it comes to home improvement.
Stone veneers may cost around $9,537 on a 300-square-foot band. The good news is that this installation achieves close to 96% in ROI once installed. Once you consider the cost vs. value, it’s clear that adding stone to the veneer is the best decision.
4. Replace the Garage Doors
The average American household owns 1.88 vehicles. This means that anyone looking to add value to property must have the various care needs in mind. Car porting is among these essential needs.
Do you want to add value to your home? You could start by considering replacing the garage doors.
With time, your garage doors give in to wear and tear. This may cause your door not to close or open, as it should.
If you are confused about your home’s specific areas that require improvement, then starting with garage door replacement could be the first place to consider. Going for a motorized opener could be the first thing to consider. Imagine you can recoup as much as 95% of your initial investment by replacing the garage doors.
A properly functional garage door adds incredible value to your home. Considering the anticipated recoup value, it would make sense to go for garage door replacement.
5. Install Hardwood Floors
Hardwood is always a sure bet when seeking home improvements. You can either remodel the property floors with hardwood or refinish the existing hardwood floors.
Floors play an essential role in improving your house’s quality on top of adding an aspect of stability. Unless you build a foundation that can last, you might end up on the wrong side of the bargaining process.
One of the best options to consider when adding value to your property is installing hardwood flooring. The fact that hardwood recoups 100% of the initial cost when selling your house is good news. While the cost of installing hardwood may seem high, your floor’s value will increase two-fold once you install hardwood floors.
Nothing in the home improvement market recoups as much value as hardwood flooring refinishing. Before considering other home improvement options, it would help to start with hardwood flooring. With this option, you get to achieve style and longevity, which are two critical factors.
6. Minor Bathroom Remodel
A home is not complete without a minor bathroom touch up.
Are you considering home improvement projects for your property? Considering home improvement right from the bathrooms could work wonders. You could start by replacing the bathroom tabs that looks old and run down
The other thing to consider is the tiles around the house. At times, all it takes is a little focus on the quality and condition of these tiles.
Beyond this, you could also consider changing the toilets and sinks in the bathroom. This will give your bathroom a unique, newer feel on top of adding value to the property.
The other unique items you can makeover in the bathroom include the vanity and the fixtures. If you can work on these specific items, you’ll recoup close to $10,700 of the initial cost spent. This is a good deal for any home seller looking to make the best out of their next sale.
In the end, most home buyers are keener on the quality and condition of the bathroom more than anything else. This could be a deal-breaker when you finally list your home. You could check out more unique ideas on home remodeling on Courtney Lanier Sarofim.
7. Consider Kitchen Remodel
Apart from the living room, the kitchen is the next most frequented space in a home. As such, most people want to settle for a kitchen that can suit their specific needs.
Apart from the room, a modern kitchen should have quality facilities, including countertops and cooktops. If you are keen on giving your house a facelift, you could start with these areas.
Other options you could consider when refinishing your kitchen include lighting, laminate cabinets, and sinks. You want to give your kitchen a touch of modernity, while also watching the cost.
With at least $15,000, you can achieve a unique blend of style and sophistication for your home. The best part is that you could recoup as much as 98.5% of the initial kitchen remodeling cost.
Any homeowner who is keen on making a Return on Investment should consider minor kitchen remodeling for their house. With the guarantee of 98.5% recoup, this is a deal worth embracing.
8. Add a Patio or Porch
We all love extras. Your house will be worth much more as long as you can additions to the various spaces. If you have enough disposable investment, it will help to moderate to a highly-sophisticated improvement agenda.
You could start with adding at least 16 by 20 ft. to the pressure-treated wood deck. The cost will be around $10,000. Other unique additions could include having a patio or a porch to space. In the end, this could recoup up to 90.3% of the initial investment.
The good thing about these additions is that they add a unique aspect of eye-appeal to any potential buyer. If you are looking for easy home improvements, then adding a patio or porch could do the trick.
These Are the Home Improvements That Add Value
Achieving the highest levels of value for your home is never easy. You need to focus on factors such as the exteriors, the bathrooms and bedrooms, and walkways if you want to get the best out of the house. If your goal is to improve the home with resale in mind, then investing time and money is inevitable.
In this article, we present eight home improvements that add value to your property. Once you combine these home improvement ideas, you’ll be on your way to achieve the highest value for your home. These are some of the best home improvement ideas to consider.
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