TOP UPGRADES TO BOOST THE HOME’S RESALE VALUE

Top Upgrades to Boost the Home’s Resale Value

If you are deliberating on putting up the home for sale on the market soon or a few years down the line, doing some upgrades is a smart move. They add to the home’s value by making it more functional and comfortable. They ease your life and help attract potential buyers. A well-maintained and smartly updated property sells faster than the one that isn’t. Keeping up with the repairs smartly planning the home improvement projects are the proven ways to make a profit while selling a home. 

However, not all home upgrades are equal when it comes to resale value. Therefore, before planning any home improvement or remodeling project, it is essential to be wise with the cash and analyze cost versus value and invest only in upgrades that fetch a good return on investment (ROI). 

It gets overwhelming for a home seller to decide which home improvement projects are worth their time, money, and efforts. So, here we have compiled a list of some of the top upgrades that can make your home saleable:

Painting 

Nothing can dramatically improve a home’s appearance than a fresh coat of paint. It is an easy and cost-efficient upgrade to cover patches, dents, nail holes, and other imperfections on the walls. Repainting makes the home seem larger, brighter, and alluring. Go for eco-friendly low-VOC paints to avoid dangerous chemicals. Repainting the interiors and exteriors adds to the home’s aesthetics and makes a great first impression on the potential buyers. If you are on a budget, consider touching up the cracked or stained walls and repaint trims and doors. 

Enhanced Energy-efficiency

Adding energy-efficient features to a home adds significantly to its value. People are now more conscious of energy conservation and reducing carbon footprints. Some of the best upgrades for enhanced energy-efficiency include repairing drafty windows or replacing them with double or triple-paned windows, investing in a programmable thermostat, enhanced attic insulation, and switching to LED lights. These upgrades are sure to get good returns as an energy-efficient home attracts potential buyers due to its saving prospects.

Garage Door Replacement

Statistics show that a garage door replacement pays for itself. It can yield 95% to 98% in recouped cost. Consider changing the door if it is outdated or giving trouble during operation. It is not something that many homeowners pay attention to while contemplating home improvement. But adding a new door with better insulation properties and durable material enhances the functionality and adds to the burb appeal. 

Minor Kitchen Remodel

A kitchen is one of the most functional spaces in any home and offers several upgrade possibilities to attract homebuyers. Doing minor kitchen remodeling with a professional kitchen contractor can help recover 60-80% of the expenditure during resale and have a high ROI than the major upgrades (around 50%). Add a fresh coat of paint, install a new backsplash, update the countertop to granite or marble, repaint or replace the cabinets, improve lighting, add tile flooring, and replace old inefficient appliances with energy star rated appliances. 

Bathroom Renovation

Like a kitchen remodel, minor to mid-range bathroom upgrades fetch more returns (around 70%) than an upscale bathroom remodel. Updating tiles, bathtub, fixtures, lighting, counters, or toilet of an existing bathroom, or adding a new bathroom depending on the space availability adds to a home’s sale appeal.

Siding Replacement

Old or damaged exterior siding ruins the look of a house. Siding replacement is a cost-effective upgrade to add beauty, durability, value to a home. Popular options include stone veneer, viny, or fiber-cement siding. Stone veneer, in particular, recovers almost all of its cost. 

Landscaping

When potential buyers visit a home, it is incredibly essential to make a good first impression. Ensure that the existing outdoor landscaping is well-maintained and inviting. Avoid investing in high-end and expensive upgrades, like water and other hardscaping features. Stick to basics like trim the trees, mow grass, plant trees, flowers, and shrubbery, pave the driveway properly, add some nice deck furniture, and add lighting. 

Add an outdoor living space

Several homebuyers desire outdoor living spaces. If you have the budget, consider adding a deck, patio, or outdoor kitchen if you don’t have one already. To have an extra area for entertainment and cooking increases the resale value significantly.

Fix the basement

A basement prone to leaks, flooding, and moisture can turn away the buyers. A well-maintained and dry basement increase the overall livable space. It can be used as a game room or an office. A homeowner can recoup 60-90% of the investment on a deck. 

Clean and declutter

It is not necessarily an upgrade but adds a substantial amount to a home’s resale value. Though considered inexpensive, it requires a lot of work. Deep cleaning to get rid of the stuff that is not needed anymore makes a home look spacious and increases the storage space.

Whether you plan to renovate a home, make some minor upgrades or declutter, it is also essential to consider the junk resulting from these projects. Along with all the other considerations, trash/rubbish removal should be on the list as all the waste needs efficient tackling by experts.

While looking to upgrade or remodel, be mindful, and remember that even the smallest of updates can significantly impact the home’s resale value.