If you’re like most homeowners, your home is the single largest investment of your life. It’s also likely that it accounts for a large portion of what you owe on your mortgage. So why not make sure that every dollar spent on making improvements to your property adds as much value to its resale value as possible?
That’s where this article comes in. We’ll take a look at some of the best ways you can increase the value of your home so that when it comes time to sell, you get top dollar. Follow these tips and enjoy watching the equity roll in!
Make It More Attractive
The first step to increasing your property’s value is making it more attractive. That doesn’t mean you need to go out and build a whole new pool or get an elaborate new paint job. Make simple, small improvements that will make your home look like the place where the “Joneses” live. That way you can confidently search for a “we buy houses” company in Michigan and sell your property for good offers. Here are some ideas for making your home more attractive:
- Make sure your lawn is always well-maintained, from mowing to trimming.
- Plant flowers and other potted plants in the front of your home, or simply add a few window boxes to really make it pop.
- Replace ugly shutters with new ones that give your home a fresh look.
Install window treatments to give your home a finished look. People are more likely to pay top dollar for homes that appear well-cared for, so make sure your home looks the part by taking these steps.
Upgrade Your Kitchen
An outdated or lackluster kitchen can turn off buyers in an instant, but replacing the old with the new can add a lot of value to your home. Here are some kitchen renovation ideas you may want to try:
- Replace the old cabinets by updating them with new ones in a modern style.
- Fix up or replace old countertops and updated appliances for a fresh look.
- Add a premium feature, such as a wine fridge or an island, to give your kitchen a feel of luxury.
Those who are looking for homes are interested in what your home offers in terms of space. Space is one thing, but modern kitchens are high-maintenance. With the right strategic upgrades to your kitchen, you can increase the value of your home at a low cost. Paint or stain kitchen cabinets for a refreshed look that will be both stylish and easy to maintain.
Step Up Your Bathroom Game
Everyone wants a master bathroom that can take their breath away, but it’s also important to keep in mind the basics: quality and storage. Bathroom updates will increase your home value and allow you to sell faster. Large, open shower areas with glass doors and large windows feel spacious and inviting.
The more glazed surfaces you have, the less space it feels like. Don’t skimp on storage. A large linen cabinet will make the room feel bigger, and additional storage space can be used when you sell. If you have ample space in your bathroom, consider an oversized tub or jacuzzi to make your oasis more luxurious. You can never have too much, and a lack of storage options will be a red flag for potential buyers of your home.
Go With What’s In Style
In addition to updating your bathrooms, you’ll want to consider more substantial renovations down the road. The bathroom is the most frequently renovated room in homes. For the sake of your investment, you may want to consider renovating sooner rather than later. As always, style is key when considering renovations. The four biggest trends in bathrooms are luxury, minimalism, balance, and statement pieces.
Check out popular home design magazines for ideas on these styles or go online to browse through pictures that fit into each of these categories. If you’re thinking about buying a home, you’ll want to know that the bathroom has been cared for and that it will be easy to update it with new fixtures, cabinetry, or even flooring.
Make It Low Maintenance
Completely re-doing a room can be very time-consuming and expensive. It also means that you’ll have to put the room back the way it was before you started if you decide to sell your home. Instead of completely revamping your living spaces, try opting for paint alternatives such as faux finishes and gilding. These alternations can be beautiful while requiring less time and money.
Also, while you’re going to have to maintain your home in some fashion, it’s a good idea for prospective buyers if you minimize the amount of maintenance required by your home. Simple things like landscaping or carpets can add value since they are relatively cheap and easy to replace.
Clean and Declutter the Outside of Your Home
Some homeowners don’t realize that the exterior of their home can impact how much it is worth. This starts with landscaping and goes beyond just planting flowers or removing weeds. You’ll want to keep up your yard regularly, remove dead branches from trees, rake leaves in the fall and consider investing in decorative items for the outdoors like a stone pathway or a garden fence.
Decluttering the outside of your home will also make it look bigger and brighter. It’s difficult to visualize a space when there are other houses blocking the view, so remove anything that might be obstructing their sightline. Consider planting trees for privacy if you want to maintain light without shutting out potential buyers.
Upgrade Exterior Doors
If your entryway is old, consider painting or staining the door for an updated look. A new door is a relatively low-priority renovation, but it can make the inside of your home feel more luxurious. Solid wood doors are classic and will also increase the value if you decide to sell.
A new door is also a low-maintenance upgrade that can increase your home’s curb appeal without requiring much time or money. Consider replacing interior doors as well, especially if you have children who make messes since it will be easier to clean behind the entryway if it’s not closing shut against them.
The value of your home is one of the most important metrics in determining how much you can sell it for. The more well-cared for and update your house looks, the higher the likelihood that someone will buy it at a premium price. Not only does this mean that you’ll get top dollar when selling your home, but also that you could potentially see an increased return on investment if there are renovations needed before putting it up for sale.