Home improvement projects are a popular pastime for many homeowners. However, not all upgrades add value to a house when it comes time to sell.
Simple and clean is what seems to be the trend these days. Home ownership comes with the typical searching for a home warranty provider, making time to do the home maintenance, budgeting for all the right expenses. But there are also the little things that can help with your home’s value.
- Clean and Declutter
Decluttering before a sale can be a daunting task, but it’s crucial to making your home look its best. Buyers are less likely to be interested in your home if it’s full of your personal belongings. Take a room-by-room approach to decluttering so you can focus on the most important areas of your home. Remove excess nick-knacks, remove all family photos from walls and closets, and put away items that serve no design purpose.
Adding storage solutions to a home can help buyers see how they could utilize the space in their own way. Add shelving to your garage, or create built-in storage systems in bedrooms and hallways.
- Upgrade the Kitchen
A kitchen is a top selling point and can add a lot of value to your home. If your kitchen is outdated or needs a facelift, it may be worth investing in some upgrades before you put your house on the market.
For example, you can replace your countertops or install a new backsplash. These are relatively inexpensive and can make a big difference in how buyers view your home.
Other upgrades you can consider include a new coat of paint, removing popcorn ceilings, and replacing cabinet hardware. A fresh coat of paint can instantly brighten up your home and give it a more updated look.
- Add a Pool
A well-maintained pool can increase your home’s value, according to some residential real estate experts. However, it is not a guaranteed upgrade for all homes.
A swimming pool will be more appealing to potential buyers if you live in a hot climate where pools are common. On the other hand, a pool might deter some buyers in areas with cold weather or snowfall.
Be sure to highlight the pool’s versatility and functionality, rather than its drawbacks, when selling your home. Present it as an outdoor entertainment area for entertaining and a place to make memories with family.
- Add a Garage
A garage is a desirable feature for buyers, as it offers protection for vehicles and extra storage space. It can also be a workshop or home office.
Adding a garage is a good investment and can add tens of thousands of dollars to your home’s value. However, you should consult with a professional before making any structural changes to ensure that you’re adding the right amount of value.
Other cost-effective upgrades that increase your home’s value include painting and replacing old appliances with energy-efficient ones. Projects that lower utility bills are especially appealing to buyers and can boost your home’s sale price.
- Add a Deck
A deck or patio offers a place to relax and entertain family and friends. In addition, it can increase a home’s value. Many potential buyers will consider your outdoor space when making a purchase decision.
While a finished attic, bedroom addition and extra bathroom are more extensive changes, they may also boost your home’s value. Energy-efficient appliances and residential solar panels are other upgrades that can make your home more appealing to prospective buyers. Also, a fresh coat of paint can instantly brighten and modernize a room and is relatively inexpensive.
- Add a Fireplace
A fireplace can be a beautiful addition to your home. It adds a cozy feeling and can be a focal point for family photos or decorations. It is also a good option for heating a space.
However, it is important to know that not all fireplaces will increase your home’s value. It depends on the type of fireplace and its location. For example, a wood fireplace may appeal to buyers more than a gas one.
Additionally, the type of fireplace will impact on-going costs for fuel. A gas fireplace is typically cheaper than a wood one.
- Add a Fence
While it may not be one of the most obvious home improvements, a fence can add value to your property. Whether it’s a front yard fence that frames the house or a tall backyard fence, a well-maintained fence can make a big difference when it comes time to sell.
Besides adding curb appeal, a fence provides privacy and security. This is especially important for families with kids who will appreciate being able to safely play in the backyard without fear of strangers peeking around the corner.
But if your fence is in disrepair, it could delay the sale of your home or even prevent it from selling altogether. If you’re trying to sell your home, you should prioritize other upgrades that will provide a higher return on investment.
