Home Renovations That Bring Value To Your Property

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Home Renovations That Bring Value To Your Property

You’re looking to sell your home, but it’s obvious that the place needs a little bit of sprucing up before it’s showhome ready. Aside from increasing the aesthetic appeal of your home, some renovations can actually bring value to your property. Here are 4 renos that will offer you the biggest bang for your buck:

Kitchen Remodel

One thing you can be sure of is that every potential buyer will be sussing out your kitchen. After all, this space is the hub of the home. Depending on what needs to be updated, you can recoup 60-120% of your investment in this space. That being said, a little goes a long way. The kitchen should fit the space in aesthetic and function. Leave the restaurant-style kitchens to HGTV. Consider refacing the cupboards, investing in energy efficient appliances, and slapping on a fresh coat of paint.

Bathroom Addition

If your home has a little extra space, you may want to seriously think about adding another bathroom. If not, consider updating your existing bathrooms. When it comes to the value of your home, the more bathrooms, the better. Small changes like modern faucets can make a huge difference. Just like with the kitchen, you don’t need to get fancy. Remember that potential homebuyers aren’t looking for a 5 star resort—they want a home.

Window Upgrade

High efficiency windows look great by giving your home’s facade a clean look, but more importantly they offer the promise of lower heating and cooling costs. Homebuyers are smart, they recognize that they will need to put money into their new home over and above mortgage payments. Installing high efficiency windows means they have one less thing to worry about, which is an attractive feature.

Basic Updates

As a homeowner yourself, you know how easy it is to fall behind on basic maintenance. Well now that you’re looking at selling, it’s high time you get caught up on everything that you’ve been putting off. Ensure your HVAC, electrical, and plumbing systems are all up to date. Repaint where needed and just give your home a general splash of TLC.

This is in no way an extensive list, but keep in mind that not all renos will boost the value of your property. There are some that just aren’t worth it, which you can learn about here. For other tips on how to get the ball rolling on selling your home, contact your local mortgage experts today!

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Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

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