When you’re ready to sell your home, you want to make sure it’s in the best possible condition to attract buyers and get top dollar. There are a number of home improvements that can increase your resale value, and some of them are relatively easy and inexpensive to do.
15 home upgrades that can instantly boost your resale value
- Update your kitchen. The kitchen is one of the most important rooms in a home, so it’s important to make sure it’s updated and in good condition. This could mean replacing old appliances, updating the cabinets, or installing new countertops. According to a recent study by the National Association of Realtors, buyers are willing to pay an average of $20,000 more for a home with a remodeled kitchen.
- Remodel your bathroom. Like the kitchen, the bathroom is another important room that buyers will pay attention to. If your bathroom is outdated or in need of repairs, it’s a good idea to remodel it before you sell your home. A study by Remodeling magazine found that the average bathroom remodel recoups 70% of its cost at resale.
- Add a new deck or patio. A deck or patio can add a lot of value to your home, especially if you live in a warm climate. This is a great way to create an outdoor living space that buyers will love. According to a study by Houzz, buyers are willing to pay an average of $15,000 more for a home with a deck or patio.
- Upgrade your windows. Old, drafty windows can make your home feel cold and uncomfortable. Replacing them with energy-efficient windows can save you money on your energy bills and make your home more appealing to buyers. A study by the U.S. Department of Energy found that energy-efficient windows can save homeowners an average of $200 per year on their energy bills.
- Paint your walls. A fresh coat of paint can make a big difference in the look and feel of your home. Choose a neutral color that will appeal to a wide range of buyers. A study by the National Association of Realtors found that buyers are more likely to make an offer on a home that has been freshly painted.
- Declutter and organize. Before you put your home on the market, it’s important to declutter and organize every room. This will make your home look more spacious and inviting to buyers. Buyers want to be able to imagine themselves living in your home, and they’re less likely to do that if it’s cluttered and disorganized.
- Make repairs. Before you put your home on the market, make sure to make any necessary repairs. This includes things like fixing leaky faucets, repairing broken windows, and painting over any peeling paint. Buyers are less likely to make an offer on a home that needs repairs.
- Stage your home. Staging your home means making it look its best for potential buyers. This includes decluttering, cleaning, and making minor repairs. You may also want to hire a professional stager to help you get the most out of your home.
- Price your home right. It’s important to price your home competitively if you want to sell it quickly. You can use online tools to get an idea of what similar homes in your area have sold for.
- Hire a real estate agent. A good real estate agent can help you sell your home quickly and for a higher price. They can also help you negotiate the best possible price for your home.
- Make sure your home is clean and well-maintained. Buyers want to see that you’ve taken care of your home, and they’re less likely to make an offer on a home that’s dirty or in need of repairs.
- Get rid of clutter. Buyers want to be able to imagine themselves living in your home, and they’re less likely to do that if it’s cluttered and disorganized.
- Depersonalize your home. Buyers want to be able to see themselves living in your home, and they’re less likely to do that if it’s full of your personal belongings.
- Highlight your home’s best features. When you’re showing your home to potential buyers, make sure to highlight its best features. This could include things like a spacious backyard, a gourmet kitchen, or a finished basement.
- Be responsive to potential buyers. When potential buyers show interest in your home, be sure to respond to their inquiries promptly. This will show them that you’re serious about selling your home and that you’re willing to work with them to get a deal done.
- Be patient. Selling your home can take time, so don’t get discouraged if you don’t get an offer right away. Just keep your home in good condition and continue to market it, and you’ll eventually find a buyer who’s willing to pay your asking price
Home Improvements with the Best ROI
When determining which home improvements will bring you the most significant return on investment (ROI), it is important to consider that home buyers are looking for something that is move-in ready. Even minor investments in the home, such as adding curb appeal with landscaping or pressure washing the siding, can help get a home sold more quickly and for a higher price.
You can raise that price even higher by picking and choosing the best home improvement for resale. New flooring can make its entire investment back when a home sells, and a steam shower can add up to 30% to a home’s resale value.
Who doesn’t want to hear a real estate agent calling them to say, “We’ve had multiple offers!”