Remodeling Projects That Add Value To Your Home
Selling your home for more money is always top importance for sellers. However, sometimes they don't know how to add value to their home. Not all remodeling and maintenance projects increase the value of your home. Some may not even provide equal return on investment, at least not initially. Think solar. That may take a while to recoup the expense of the installation.
The following are remodeling and maintenance projects that tend to increase not only the value of your home but also its mass appeal to buyers.
- Updating electrical and plumbing
- Bathroom remodel
- Kitchen remodel
- Outside maintenance
When you think about what buyers are looking for, it's easy to understand why improving these areas would bring increased value. Moving into a home that has major, or even minor, electrical and plumbing issues can be a real headache. Electricity and plumbing are two major necessary conveniences in the home. When they're malfunctioning it's often not only time consuming to fix but possibly costly.
Take time to note the areas of your home that have electrical and plumbing issues. It may just be a minor issue such as an electrical outlet needs fixing. If that's the case, fix it before you have buyers coming through your home.
During home inspections, many things are noted. Then the buyer studies that report and often wants to have the seller fix the issues and/or take money off the sale price. Be a step ahead by taking care of the issues you know are problems. Better to cross them off the list rather than wait for the buyer to discover them and add them to their list of reasons the home should have a lower price.
Bathroom remodels are projects that are often long overdue. Expanding a tiny bathroom, updating hardware or painting cabinets can help make your house more appealing to a prospective buyer. Any needed maintenance must be taken care of. Be sure there is no mold behind the shower walls, no leaky faucets or toilets, no broken tiles...things that you would not accept in a house you were looking to buy. The time and money you spend will be worth it!
And, if you're planning to stay in your home for a few years, then giving some thought to a bathroom renovation might be to your benefit. That way you can enjoy it for the time that you remain in the home and then recoup the expense when you do decide to sell. Be careful not to go for extreme trendy materials and patterns that will give the bathroom a dated look in the years to come.
Kitchen remodel: This is attractive to nearly everyone, even those who don't cook! There's something really appealing about a beautifully remodeled kitchen. Again, remodeling an entire kitchen and then immediately selling isn't in the budget for most sellers.
But simple things can help like new paint on the kitchen walls and throughout the house. It can brighten and freshen up even a very old home. Resurfacing the cabinets or giving them a good cleaning can also make a big difference. Clearing clutter from the shelves, cabinets, inside the pantry and refrigerator will help make the kitchen feel cleaner and look bigger.
Outside maintenance is one of those areas that is a must- do. Why? Because it's outside and it's often the largest and first area buyers see. Yes, curb appeal matters. If your home doesn't look inviting from the outside, chances are, no matter how cute it is on the inside, buyers won't look at it. Call it unfair, but that's the way it goes. First impressions count. So, make your home as charming as possible from the outside in.