Home renovation shows are super popular, and that’s led to regular people fixing up their homes. Many people want to enjoy their living spaces, while others want to boost their home’s value.
If you’re a homeowner, it’s the perfect time to jump on the trend and spruce up your house. Remember, you don’t have to sink tens of thousands of bucks to boost your home’s value. You can make a few little changes now to get a ton of cash when selling your home later down the line.
Keep reading for five ways to renovate your home so you can earn more money when you sell.
1. Check out the kitchen
Many potential buyers on a home tour will make a beeline for the kitchen. That’s because this room is the heart of every home. It’s where you prepare meals daily, eat with family and friends, relax and more. Buyers will start analyzing each cupboard and surface, imagining your kitchen as the center of their daily routines.
They’ll probably like the picture in their mind’s eye if you have a high-quality kitchen. Investing in kitchen upgrades is a great way to boost your home’s value. If you don’t have the budget for a complete renovation, minor upgrades can lead to significant returns later on.
Changing the countertops or cabinets can improve a kitchen, making it more modern and attractive to buyers. Try turning a critical eye on your kitchen; imagine how a stranger might see it. Would a buyer prefer a more contemporary style? Maybe they’d like a newer stove. It’s a good starting point.
2. Take a step into the great outdoors to boost your home’s value
Not only can exterior upgrades make your property more beautiful, but they can also open up a world of fun recreation. Set up a fire pit and you can start hosting parties where your friends roast marshmallows over the fire. Add a swimming pool and you can begin throwing pool parties.
Minor aesthetic changes can make a world of difference. Power wash the patio, refinish the deck or add a new coat of paint to make your home even more beautiful. A 2018 National Association of Realtors study said new decks and patios could return 69% to 80% on the investment.
Of course, don’t forget safety repairs. But even if you don’t have a ton of cash to spend on extensive renovations, you can always replace furniture or old, worn curtains. Inexpensive flower pots or colorful pillows add much life to your place settings.
If you’re looking to update your outdoor structures, Porch.com has many tips on updating your backyard. Whether you’re thinking of a deck, gazebo, sunroom or pergola, this helpful guide has you covered.
3. Boost your bathroom’s appearance
Just like the kitchen, the bathroom is a room people consistently return to. Unlike a kitchen, though, people don’t come here to congregate or eat. (Hopefully.)
Toilet jokes aside, renovating your bathroom is a good investment. An unfinished bathroom can be a deal-breaker for a buyer. But if you’re handy and infuse some inexpensive updates to this important living space, it can make you a great deal of money once you go to sell.
The National Association of Realtor’s 2019 report says bathroom investments are the most popular of all home improvements. That’s because they’re likely to contribute to a higher selling point. After all, home buyers want to make sure they can go potty in peace. A new, sparkling bathroom assures them.
Still not sure? Check out the numbers from Illinois Bank & Trust:
On average, homeowners spend just over $20,000 on a mid-range bathroom renovation project, and nearly $65,000 on an upscale bathroom renovation project. At resale, mid-range renovations recoup 67.2% of their costs, while upscale renovations recoup 60.2%, according to Remodeling.Illinois Bank & Trust, Do bathroom remodels increase home value?
Don’t forget one of the most essential parts of a home inspection: an attractive exterior. Here’s another good question homeowners should ask themselves.
4. How’s your curb appeal? This can lower or boost your home’s value
Of course, you can have the most stunning interior in the world — but that won’t mean a thing if the outside of your home is unappealing. That’s why curb appeal is critical.
This term refers to your property’s attractiveness from the sidewalk. If a prospective buyer drives up to your home, they’re analyzing curb appeal. Even if they don’t know enough about real estate to understand the term, they’ll subconsciously look over your home and decide whether or not they want to step in.
A ton of factors contribute to good curb appeal. A bright green lawn immediately makes your place look great. But a good paint job is irreplaceable.
5. See if you need a new paint job
Nothing boosts your home’s resale value like a fresh coat of paint. A brand new paint job can transform your home’s interior, making it more welcoming to potential buyers. Maybe that’s why 63% of realtors recommend painting the home’s interior, according to the National Association of Realtor’s 2021 Profile of Home Staging.
Sure, you can do it yourself. And you’ll save a ton of money since the average price tag of a gallon of one-coat coverage paint is around $38, the Family Handyman says. But whenever you spearhead your home improvement projects, you invite many risks. Maybe you cannot paint it as neatly as you’d like — or perhaps you want to leave it to the professionals.
Angi helps you hire high-quality pros who will get the job done
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Instead of spending hours researching, you can instantly get information on thousands of real professionals. You don’t have to scour the web for reputable sources; with Angi, you can search reviews, request quotes and book your home improvement project all in one place.