+1 (469) 853-6007

Renovations That Improve Resale Value

Buyers want options that are clean and well-maintained when looking for a property so that they may save money and time on modifications before moving in. Furthermore, having multiple houses on the market in the same neighborhood might increase competition, forcing sellers to differentiate themselves in order to attain a high property resale value.

However, expensive modifications aren’t required to entice buyers and raise your home’s resale value. Buyers are attracted to homes that have been well-kept, but they do not expect them to be perfect. When it comes to renovations, it’s critical to spend where you’ll get the best return on investment while staying within your budget.

Here are a few renovation tips and tricks that will improve the resale value of your house. And it will not cost you an arm and a leg.

Upgrading Your Bathroom:

According to the  Zillow Group Consumer Housing Trends Report, minor bathroom remodels generate the greatest return for every dollar invested. It have an ROI at over 170%. Here are a few budget-friendly bathroom remodels that will pay off big time:

  • Upgrading vanity: Bathroom vanity includes the sink, basin and the storage space surrounding it. Being the focal point of the bathroom, it plays a major role in enhancing the overall look.  Placing slab countertops made out of cheap material such as ceramic, increases durability and give your bathroom a high-end feel.

  • Updating fixtures: Installing new showers, sink faucets, mirror, towel racks and some fancy lights to revamp your bathroom are also some low cost investments. These installations can give a trendy look to your bathroom.

  • Painting the walls: Painting the interior of your bathroom makes it look well maintained. It compliments the upgrades made to the vanity and fixtures. When choosing a paint color, choose stark white or cold grey to make the room appear larger and brighter.

Updating Your Kitchen:

In a recent report from the National Association of Realtors, kitchen renovation is one of the top three joy score projects with a score of 10.  Joy Score measures the level of satisfaction, and happiness a homeowner feels after undertaking a remodeling project.  

.Some ideas for kitchen updates are following: 

  • Changing the Countertop: Countertops are the most used and conspicuous part of the kitchen. The countertop must be constructed to be durable and capacious in order to accommodate the ongoing meal preparation and the appliances that are placed on it. Using material such as laminate can be both budget friendly and add elegance to your kitchen design.

  •  Updating the Sink: Replacing your worn-out sink with a less expensive and more accessible one can immediately attract a buyer’s attention. Because people spend time in the kitchen washing dishes at the sink, the sink’s usability and aesthetics are important selling points.

  • Touching up the cabinets and walls: Kitchen walls and cabinets are constantly touched, spilled food, heated from the oven, and stained. Repainting the interior gives it a fresh start and improves its appearance. Small potted plants on window sills can be a great idea. It will make your kitchen look and feel cleaner and more environmentally friendly.

Improving Your Exterior:

The exterior of your house is the first thing the buyers will set their eyes on when paying a visit. It may put people off if it has rough paint, overgrown grass, and rotting doors. Here are a few cost effective renovations to set their moods right:   

  • Garage door replacement: According to the 2021 cost vs value report replacing an old garage door with a four-section motor operated steel track significantly enhances curb appeal. It has the highest recoup rate of 93.8%. With high return on investment, planning such renovation should top the list.

  • Window upgrade: Your house will look neater overall with freshly painted and well-maintained windows. Replacing ancient windows with energy-efficient ones that protect against shifting temperatures attracts buyers.

  • Garden maintenance: A well-kept garden adds beauty to your home, making it appear more inviting and pique the interest of potential buyers. Low-cost options to rejuvenate your garden include mowing the grass, decorating plant pots, painting the fence, repurposing old furniture to create a comfy seating arrangement, and installing low-cost lighting.

    You may easily improve your home without incurring a significant financial outlay. Increase the resale value of your home by using the above-mentioned strategies! 

Also read: Questions to Ask Yourself When Building a Home

Like it? Share now

Recent Posts

Lawyer's Contact
Thoughts to paper

800-919-2493 x1135

(800) 554-2108 fax

Patent Code: TUP60250

Copyrights 1to1 plans. All Rights Reserved.