Home Renovations That Will Get You More Money When It's Time To Sell Your Home
When searching for their ideal next home, homebuyers today are attracted to shiny objects like double vanities, walk-in closets, and smart appliances. Outdated kitchens and old carpets don't typically appeal to today's buyers, especially if you're looking to get top dollar.
While curb appeal may get a buyer in the door, modern interior amenities can seal the deal. If you're getting ready to list your home, consider a few home renovations to shorten the number of days it's on the market. But how do you choose the renovations that matter? Here are a few home improvements that deliver the best return on investment (ROI).
Add living space
Recent research from the National Association of Home Builders indicates that homebuyers are looking for more living space, likely due to COVID-19, as more people began working remotely. You can add space to your home by finishing any unfinished spaces like a basement, or creating an outdoor living space on a patio.
Replace your garage door
Although it affects the outside more than the interior, Remodeling's Cost vs. Value survey says replacing the garage door retains the greatest resale value, as homeowners recoup nearly 94% of their costs with this minor upgrade that impacts curb appeal and better insulates the home.
Update HVAC system
Real estate brokers report that millennials, in particular, are unwilling to overlook old mechanics, even with a home warranty. Replacing your old AC or heater could boost value and accelerate your home sale.
Change light fixtures
A small change that goes a long way is updating the style of your light fixtures. This simple change can modernize a space and make it more welcoming and appealing to potential homebuyers.
Modernize kitchen and bath
You don't need to go through an entire remodel. Consider a more cosmetic approach to modernizing your kitchen and bath fixtures to make your home look fresh, new, and appealing to buyers.
Stage your home
Along with any home renovations, staging your home to appeal to potential buyers is a critical step to ensure that your home sells quickly at the price you expect. Staging helps buyers imagine themselves living in the space and makes them more likely to believe that your home is right for them.
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