If you're planning to sell your home soon, you are probably eager to do anything you can to boost the value, and therefore the selling price. Even if you're planning to hold onto your house for the foreseeable future, it's always good to know which potential improvements you're considering could increase its value. Here are five home improvements that are likely to increase your home's value:
Repair or Replace Your Roof
If your roof is in disrepair, you will run into major problems when it comes to your appraisal and inspections. If a potential buyer worries they will have to replace the roof very soon, they will most likely walk away from the deal, or offer much less than they would have otherwise. To avoid this, it's better to invest in repairing (or replacing, if it really needs it) your roof yourself. Homeowner's insurance may cover part of the cost, especially if the roof was damaged by a weather event.
Update Your Kitchen
A beautiful, functional kitchen is high on most home buyers' wish lists. Even on a small budget, you can make small updates that will have a big impact. Fresh new paint, a tile backsplash, and new hardware for the cabinets are affordable upgrades. If you have the budget for a bigger kitchen update, new stainless steel appliances, upgraded counters, and new cabinet doors will all allow you to up your asking price when it's time to sell.
Add Attractive Landscaping
Landscaping has a huge impact on how appealing your home is to potential buyers, and can improve the overall value as well. At a minimum, make sure your yard is neat and free of weeds or patches of dirt. Plant new grass or lay sod, plant some shade trees, and add plants or flowers that thrive in your particular climate.
Don't Skip the Bathrooms
Bathrooms are probably tied with kitchens as the rooms buyers are most drawn to and won over by. Replace that old wallpaper with a cheerful coat of paint, add attractive light fixtures and hardware, and make repairs if necessary. If you can afford a bigger project, adding a stone shower with a rainfall showerhead will make prospective buyers feel like the bathroom is a luxury spa, and they will most likely be happy to pay more for this feeling.
These improvements aren't free, but the cost can be considered a wise investment when you consider the boost to your home's value. For more information on your home's value, contact a home appraisal company, such as East Coastal Appraisal Services.Share