Selling your home is a major feat for homeowners. If you’re considering selling your home, you’ve probably considered the price point at which you want to list your home.
One of the things that many homeowners do in preparation for selling their home is increase the curb appeal or resale value in small and big ways.
In this blog, we’ll explore a variety of home improvements that have the potential to enhance your home’s resale value. Discover which renovations may be worth considering.
What is Curb Appeal?
Curb appeal is something that many home buyers and real estate agents refer to when talking about home remodelling projects or selling a home. According to FortuneBuilders, “Curb appeal refers to the level of attractiveness one may feel for a property when viewing it from the street. However, [this] is a subjective appreciation for a physical asset in its simplest form.”
In many cases, increasing this perceived appeal or the resale value to potential buyers includes home improvements.
Why Does it Matter To Potential Buyers?
When prospective home buyers look at properties, they will often judge a book by its cover. Adding value and appeal to your home through a major or minor remodelling project can boost curb appeal, making it more attractive to buyers.
Additionally, improvements that focus on energy efficiency or that make your home more energy efficient can be extremely appealing to buyers. In some cases, this can lead to your home selling faster and/or for more than the asking price.
5 Home Improvement Projects That Can Increase the Appeal and Resale Value of Your Home
Ready to improve your home’s resale value? Here are five home improvements that can increase your home’s resale value and perceived appeal.
Kitchen Remodel or Update
One of the top improvements you can make to your home is in the kitchen. The kitchen is often the most popular room in a home and many buyers look to the kitchen as one of the main incentives for buying a home.
As a home seller, even a minor kitchen remodel or updated appliances can work to incentivize potential buyers. Depending on your budget and the current state of your home, you may find that a bigger remodeling project might be the best bang for your buck.
On the other hand, something like a built-in grill or updated countertops can be enough to appeal to prospective homebuyers.
Another top project that you might consider is finishing your basement. An unfinished basement can often be a drawback for some buyers.
Finishing your basement, either by creating extra living space or building a self-contained apartment in the existing space that is available for rent, can dramatically increase the perceived and actual value of your home.
This improvement can also help make your property move-in ready for new buyers.
Installing Hardwood Floors
While carpets can be great for keeping your feet warm during the cold months, hardwood flooring has grown into being the popular and heavily favoured flooring in many homes.
Not only does it create a sleek and modern look for your home, it also is much easier to maintain. While the costs per square foot of hardwood can vary, there are many different options available that can fit into your home improvement budget.
While potential home buyers may be more focused on the interior of the home during an open house, the exterior and smaller details can have quite an impact on the overall impression.
The front door, for example, is one of the first things that a home buyer will see when they walk towards the home. If you’re looking to increase the overall appeal of your house, replacing the front door can be a great place to start.
Additionally, upgrading the doors throughout the house, like the family room, bathroom, or bedrooms can be a good investment that can go a long way.
One of the other main doors you can consider upgrading is your garage door. A new garage door can be an effective way to add value to your house and make the exterior look more appealing to buyers.
Adding Smart Home Technology
As technology continues to progress, many homeowners have looked to smart devices to create an energy-efficient and smart home. These upgrades include smart devices (like a smart thermostat) that can control the temperature of your home, the light switches, and other electronics in your home.
Smart thermostats and energy-efficient models can also have a positive impact on your heating and cooling costs, which means the owners can save money throughout the year.
This technology can not only make the owner’s life easier, but it can add value to your house.
Other Home Renovations That Can Attract Home Buyers and Increase Your Home Value
Here are a few other renovations and projects that you might consider when preparing to sell your house.
Focus on the Lighting
Lighting can make all the difference. Installing new light fixtures with warm lighting can create an “at home” feel for any prospective buyer that books a showing in your home. From the dining room and kitchen to the backyard and exterior, new fixtures can go a long way and don’t often mean breaking the bank.
Add Luxury Upgrades and Big Ticket Items
Another way to bring in buyers and increase the value of your home is through big-ticket items like a swimming pool, luxury fire pit, walk-in shower, or a home theatre. Things like swimming pools and designed backyards can often attract more buyers looking for some entertainment features in their next home.
While you may pay extra upfront for these additions, it’s possible to make back that and more after you sell your home.
Think About the Structure and Insulation
Finally, when you prepare to sell your home, you will want to consider your home’s exterior and structure. Home improvement projects like adding attic insulation, building a composite deck, installing new siding, or adding security cameras can all improve the integrity and safety of your home while also adding value.
Looking to Sell Your Home? We’re Here to Help!
Do these home renovation projects have you feeling excited to sell your home? Do you need a realtor to help you in the home-selling process? Well, we are here to help!
At Voortman Realty, we know that buying or selling your home is a big task, which is why we prioritize our client’s needs throughout the entire process. From interest rates to mortgages to moving in, we are here for you! Ready to start your real estate journey? Contact the Voortman Realty team today to see how we can help you!