Selling your home is an opportunity to recoup your investment and finance your future goals-- naturally, any homeowner wants to get top-dollar for their property. Unfortunately, some homeowners receive offers that are less than what they believe their home is worth. One way to prevent low offers from entering the picture is to invest in certain home improvements that may increase the value of your property. I recommend these six updates that can really pay off when selling your home.
- Remodel the Kitchen/Bathrooms | The kitchen and bathrooms of a home are often regarded as two of the most important areas of any residential property. Both areas need to be accommodating and comfortable for all members of the household and their guests which means a remodel can immediately impress prospective buyers. While you may complete full remodels including flooring and cabinetry updates, upgrading appliances or fixtures and adding a fresh coat of paint is also an effective way to refresh these spaces.
- Replace Your Garage Door | Believe it or not, a garage door is one of the areas sellers may overlook — and one that buyers may notice the most! Swapping out a dilapidated garage door for a new model does more than improve its functioning. It also enhances the safety and security of the home while adding to the aesthetic of your curb appeal. Although this is a pricey investment, many homeowners around the country report recouping nearly 100 percent of the investment.
- Finish the Basement/Attic | Maximizing the space in any home is important, especially in houses that may have limited square-footage. While you may not be able to add an addition, you can revamp the existing spaces by turning your attic or basement into a finished room. Putting down flooring, adding insulation, and incorporating new furniture pieces can create a family room, lounge area, or even a guest bedroom. If you also install shelving or cabinetry, you can maximize storage space too.
- Integrate Smart Tech | Smart technology is integrating itself into homes around the country. As these devices and software continue to evolve, they're enabling homeowners to interact with their home in innovative ways. Although not all smart devices are practical for buyers, investing in technology that provides convenience and potentially lowers energy bills can increase your home's value. Programmable thermostats, smart security systems, and smart home systems that unite multiple devices may be the amenities new generations of first-time homebuyers are looking for.
- Add a Deck/Patio | Just as you want to maximize indoor space, you also want to offer ample outdoor space as well. Investing in landscaping is a great way to enhance your aesthetic but you must also keep in mind that buyers may want versatile outdoor living space. Installing a deck or patio with comfortable furniture and a focal point like an outdoor kitchen, firepit, or swimming pool may increase the home's value by offering additional perks that comparable houses don't possess.
- Replace Windows/Doors/Roof | Not all updates are going to be as glitzy as a new bathroom or as entertaining as a finished basement. However, practical enhancements can go a long way in the eyes of the buyer. Replacing windows, doors, or roof systems in older homes can improve the aesthetic, decrease energy costs, and enhance security. It also takes care of any issues that may arise during the inspection before selling your home.
While every homeowner should stick to a strict budget when making home improvements before listing their property, there are some investments that may increase the value of the home. Consult your real estate agent to discover which updates may pay off the most at closing.
Reenè Ferguson, Listing Agent / Drone Pilot
www.reeneferguson.ikeyrealty.com
