We all know that when it comes to buying a house, part of what we think about is its potential to INCREASE in value! We want to make that money when we go to sell! We’re giving you a few tips to boost the value of your home.
- Remodel the kitchen and bathrooms!
Kitchen renos will give you a big return. If you have to do your reno in steps, start with updating the appliances. Updating/replacing cabinetry and flooring are good steps to take next. If you are on a budget, just keep in mind that minor kitchen renos recoup 81% of its cost! The same goes for bathrooms; start by updating fixtures and flooring. By doing that you can expect a 70% return. No need to get all the bells and whistles, just get a new and fresh look on these spaces.
- Modify the floor plan or add square footage!
We know not everyone has the budget to add room additions to their homes so if you are one of those people, we do have another option! You can repurpose or modify your current floor plan to one that adds value. You can do things like finish a basement or build a deck. You can also modify the floor plan to be more open which is more appealing, thus brings value.
- Two words: Curb. Appeal.
This is a great (and usually easy in comparison) place to start! Even little things like a well-maintained lawn and flowers can add value. A fresh coat of paint on the siding and front door are great ways to get better curb appeal too.
- Low maintenance and high efficiency!
It may seem obvious, but no one wants a house that they see as high maintenance or like they are walking into a bunch of big projects. If your roof is looking a little shoddy, replace it before you put it up for sale, this will make it more appealing to the buyer and add value. Another option to keep it low maintenance would be replacing carpets with hardwood flooring since hardwood floors are a lot easier to clean. Making your home more efficient is a fairly simple task, you can do it as easily as replacing your light bulbs to LED bulbs, adding insulation to the attic, or changing to double-paned windows.