Six Ways to Renovate your Home for a Profit in your Pocket
Do you want to upgrade a house you intend to sell? Selling homes in a competitive market means having the latest and greatest features. Clean, refreshed, and new is what buyers are looking for, so how do you appeal to young and old alike? With smart renovations, you can add charm and functionality where the house needs it without getting into a full home renovation. When you want to get the most money back on your investment and minimize your overall budget, these six ideas can help you get top ROI when it comes time to sell your home.
Smart Bathroom Renovations
Home and Garden Television tells web browsers that minor changes in the bathroom can give returns over 100 percent. This fact means you make money when doing smart upgrades and changes. The popular home design giant suggests adding new caulk, painting the room, adding new lights, and putting a fresh coating on the porcelain tub. You can install a cleaner and more recent exhaust vent. To increase space, a custom built-in cabinet can add character and create a functional nook. Walls needing more help than paint can look brand new with textured spray paint, shiplap, mosaic tile sheets, or wallpaper. You can paint part of the wall and use smaller amounts to stick to a tight budget.
Wood Flooring Makes Cleaning Easier
Buyers love hardwood floors. They offer clean lines, and they are easy to personalize with rugs and furniture. With less maintenance, even faux options like laminate and tile are desirable. The biggest advantage for many property owners is this flooring is more durable than carpet. If you have original hardwoods, then you can do the refinishing work to save money. A darker stain will cover up pet stains and other marks that do not come out with a thorough sanding.
Repair Home Basics
Plumbing, electrical, HVAC and roofing are the four main service components in a house. These systems should be in excellent shape with a recent inspection and cleaning. Any minor repairs are easy to fix and check off things to do for the new owner. When interested parties know the home has sound equipment, they are more likely to put in a bid or make contact earlier with the seller.
Add Green Products and Technologies
This Old House says property owners can save as much as 80 percent on the cost to heat water and 40 percent on heating and cooling costs with new home systems. Green technologies save even more money with rebates, tax credits, and installation credits. The site goes on to say that homeowners can save as much as 20 percent overall each year by installing new units. Potential buyers may compete or pay more for houses with energy-efficient windows because of the long-term savings.
Open Up the Living Space
Homes are no longer appealing with walls surrounding every room. People want to gather around the kitchen island and watch the game in the living room at the same time. Large gatherings are much easier when the counters double as tables and back up to the formal dining area. Parents like being able to see children as they cook, or helping with homework while cleaning up the kitchen. Buyers want to see a space that is inviting and easy to see clear through when walking into a house for sale. Even load-bearing walls can have cut-outs when an overhead beam is too expensive for the budget.
Make the Outside as Amazing as the Inside
Exterior defects like sagging gutters, cracked sidewalks, and dimly lit garages are not only unsightly but also unsafe. Fixing these issues can make the difference whether potential homeowners step in the door on open house day. Beautiful landscaping is easy to achieve with some mulch, seasonal flowers, and shrubs. A nice, tall tree is excellent for adding shade if you have the budget. Decks, patios, fire pits with seating areas, gardens with benches, and swimming pools add outdoor living space. This additional room is equity and more space for entertaining and relaxing. Inexpensive updates include a new front porch light, a fresh coat of paint on the front door and mailbox, new pillows, a pair of potted plants on either side of the door, and a nice wreath or door hanging.
Even little changes make a big impact when you are trying to sell a house. Buyers want to envision themselves in your space, so neutral tones should be apparent throughout the house. You can save money by buying in bulk. To create appeal and character, an accent color is easy to buy in quarts or gallons for smaller applications. The experts say these tips can help you prep your house for a faster and easier sale. We hope you find the ideas helpful and inspiring. For more information, contact Urban Vision Properties today!