If you're planning to sell your home, know one thing. It's not going to be easy. You need to take many things into account, especially if you want to get the best price possible.
You need to decide whether you want to hire a real estate agent or use services of sites like HighestCashOffer.com. Also, you have to do thorough market research to determine the right price. The most important thing, though, is knowing how to add more value to your estate efficiently.
When it comes to that, you have two options. The first one is trying to hide all the flaws and pray that no one will notice. As you probably suspect, it's not an excellent idea. That leaves you with the second option, which is making the right improvements.
Yes, it does force you to invest some of your money, but keep in mind that even small details can mean the difference.
And which home improvements will add the most value to your estate? You'll find the answer in the article below.
According to real estate experts, remodeling your bathroom will get you approximately 70% of investment return. Bear in mind one thing. The upgrades shouldn't be too extravagant. In fact, various studies have shown that upscale bathroom remodel will get you only up to 55%.
What does that mean? Keep it simple, and don't overthink it. Your upgrades should include:
- Adding new lighting
- Replacing old wall coverings with new
- Upgrading your shower, toilet, and sink
- Making it more energy-efficient
These improvements shouldn't cost you too much. Still, they will significantly increase your home's value.
If your home has outdated windows, not only does it make it look off-putting for potential buyers, it's also a sign that your house isn't energy-efficient. And to be honest, we don't know which one is worse.
Replacing your old windows with modern, insulated low-emissivity ones will add significant value to your home. They will make it look ravishing, and more importantly, increase its energy efficiency.
Minor Kitchen Remodeling
You've probably heard the term that the kitchen is every house's heart. That should tell you one thing; improving it ought to be on top of your home improvements list. But similarly to bathroom upgrades, you shouldn't overdo it.
Your kitchen remodel cost shouldn't be higher than $25,000, and if you do it right, it will give you even up to 80% of return on investment. Here's what you should do significantly improve your kitchen's value, and therefore make your whole home more valuable:
- Put a fresh coat of paint in the room
- Include new lighting
- Upgrade kitchen cabinets
- Replace old hardware with new
Such improvements shouldn't generate too many costs, but they will add some modern touch to your kitchen, making it look fantastic and exclusive.
Garage and Front Door Replacement
Similarly to old windows, your outdated garage and front door can significantly lower your home's value. Once again, it's not only the look that may be repelling to some buyers. It's also an energy efficiency that influences their choice.
If entry doors let inside plenty of cold or hot air, they decrease your house's overall quality, and therefore its price. The same goes for garage doors. After all, who would like to live in a home that doesn't provide efficient protection from the cold?
And since replacing your entry doors usually costs less than $2,000, it's an investment that won't hurt your wallet too much.
Other, Basic Upgrades
In reality, every, even the smallest home improvement, will increase its value. Moreover, various studies show that the more you spend, the lesser your return from the investment will be. That's why keeping it simple and modest is crucial.
If you've already made the upgrades mentioned above, don't have a budget, or don't think they're required, there are some basic, simple home improvements you can consider. Here's what you can do:
- Take care of your flooring
- Repaint your exterior in strategic places
- Reinvent your rooms to create additional space
- Take care of your interior wallsIf you have one, consider renovating your fence
As you can see, you don't have to spend enormous amounts of money on adding more value to your home. You simply need to be smart and renovate strategically. It's best to research what are potential buyers' requirements and what brings their attention.
Doing that will ensure every home improvement you make counts, and you won't spend too much on unnecessary upgrades. Keep it simple, and don't overdo it. Various researches prove that the lower the cost of your improvement, the more you're going to get in return.
In addition to the mentioned upgrades, make sure to check your house thoroughly and fix all the things that require repairs. Leaking pipes, mold, and lacking tiles will significantly lower your home's value and provide you with a worse negotiating position.