Are you planning on selling your home in the near future? If so, we have some tips that will help you determine what kind of renovations you should be doing. As well as some suggestions about updates to make that will increase the value of your home. Remodeling projects are no small task which is why we know that you need a project that fits your budget and ability. For more inspiration check out some more blog articles about remodeling!
Major Reno or Small Updates?
There are two ways to think about remodeling projects that will boost your home’s value; you can get one or two major remodels done or opt for a bunch of small fixes. Depending on your budget and your timetable, one approach may be better for you than the other.
For instance, if you have an unfinished basement, maybe your dream when you first moved into your home was to refinish it. It never happened. But now that you are thinking about selling your home, you feel that a prospective buyer would really appreciate a full-finished basement. Is that the remodeling project that you should do before selling?
On the other hand, you want to spend as little as possible to squeeze as much value out of your home. Maybe you would prefer to just spruce up the kitchen cabinets or repaint the house. Whichever camp you fall into here are some remodeling project ideas that usually add at least a few thousand dollars to the value of your home.
Interior Improvements
Depending on where you live, some remodeling projects bring in more dollars on resale than others. Here are some of the interior remodeling projects that can help boost your home’s value:
Kitchen Upgrades
Potential buyers these days want spacious, modern kitchens. Simple upgrades like adding new appliances, granite countertops, or new cabinets can pull in the big bucks. Some big-ticket improvements that usually add value include:
- Kitchen sland
- Breakfast nook
- New ceramic flooring
- Accent lighting
Removing Walls
The style right now is open concept kitchens and living rooms. If you have an older home, you could knock down a wall or two to really open up more interior space. If they’re load-bearing walls, removing them will usually push the price tag up. But non-load-bearing walls are easy to take out to add a pass-through window or a bigger entryway. Use a professional contractor to make sure the job is done right.
Room Additions
Believe it or not, adding a new room to your home is not as expensive as you might think and can greatly increase your home’s value. Think about converting your attic into a spare room or building a new room addition onto your house. The added space increases the overall square footage of your property and will push your asking price up.
Exterior Improvements
They are often overlooked when making improvements to your home, but there are a number of exterior projects that can boost your home’s value. Here are just a few ideas for exterior improvements:
- Outdoor Living Space: Especially in warm weather climates, buyers want a home with comfortable outdoor living spaces. That could mean adding a slate patio or a wooden deck. Make your outdoor living space an oasis by adding in path lights, pathways, plants, shrubs, and trees.
- Siding Upgrades: If you are making simple upgrades on the cheap just to spiff up your home exterior, a good paint job will do. To really boost your home’s value try adding new siding. If you replace portions of your siding with stone veneers, it will greatly improve curb appeal and your home’s value.
- Driveways/Garages: If you haven’t paved your driveway in a while, new paving is an excellent exterior improvement that makes a good impression as soon as buyers pull up to your home. Your garage doors and exterior also make a good or bad impression. Even if you do not make any changes to your garage, you should clean it out and organize its contents for resale. Replace broken windows and locks and give it a good paint job.
Get More Information
There is so much to consider when you are looking to sell your home, that is why you need an agent you can trust! Our expert realtors can lead you through the process. If you are interested in purchasing a home or selling a home in East Central Indiana, learn more about American Heritage Realty. We have been in operation since 1977, and we have the expertise and technology to help you buy a home or sell a home. Get to know us!