If you’re planning on selling your home, you may be considering making some improvements to enhance its value. However, it makes fiscal sense to make strategic improvements; ones that are most likely to lead to a better return on your investment. If you’re planning to sell, consider the following improvements that have the potential to increase home value.
Most experts agree that kitchen renovations an ideal way to enhance the value of your property and help you sell your house. Many buyers are going to be turned off by a dated kitchen. Even if you invest substantially in a complete kitchen remodel, you are likely to recoup between 60% and 120% on your kitchen remodel investment, according to HGTV. If your kitchen is dated, it could be preventing you from selling your house.
If your bathrooms are dated, it can make fiscal sense to renovate them. Like the kitchen, bathroom renovations are associated with improvement home value and increased marketability. However, if you want to achieve up to 130% return on your investment, you should consider adding a bathroom. A powder room off your foyer or laundry room can considerably enhance the value of your house but make sure that you try and avoid some common mistakes when renovating a home.
If you want to sell your home, you should plan to market its energy efficiency. If it isn’t energy efficient, consider making some changes. New windows can dramatically enhance the temperature control for a home. Buyers will be turned off if your home’s windows are old and likely to leak energy like a sieve. Yes, new energy-efficient windows can be expensive, but they can boost your home’s value and increase its marketability.
Install a Deck
Many of today’s home buyers are searching for homes that offer features in support of outdoor living. A brand-new deck can be an attractive outdoor feature for buyers. If your current deck is old and in a state of disrepair, it’s not doing your house any favors. A new deck is an investment, but one that you may very well recoup at the time you sell your home. Additionally, you might also consider installing a patio in order to create an outdoor kitchen or living room.
A Suite Deal
A master bedroom suite is an enticing home feature for many buyers. A master bedroom with two walk-in closets and attached bathroom is home feature that is simply a must for many house hunters. If you’re worried about selling your house, this is a great place to invest some renovation dollars. A good contractor can help you map out a winning design and make the changes you need to create a master suite.
Keep these ideas in mind as you contemplate home improvements. They are likely to offer a substantial return on your investment and help you market your house to buyers.