A special thanks to Paul Denikin for writing this blog for us.
Even if you’re not looking to put your home on the market just yet, it’s always worth your while to make updates that will increase the value of your house. Plus, putting the work in now means you get to enjoy some of the luxuries you’ve always wanted. Here are a few things you can do to improve the resale value of your home and ensure you get top-dollar when it comes time to sell.
- Flooring. The DIY Network notes that, “Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home.” Put in fresh carpet, tile, or wood flooring to give your home a clean, fresh look. If you can’t replace your floors, consider getting them professionally cleaned or refinished.
- Paint. A fresh coat of paint is perhaps the easiest and cheapest thing you can do to update your home. Just be sure to choose neutral colors that will appeal to a broad range of people and make your home look more spacious.
- Curb appeal. First impressions are a big deal, so spruce up the outside of your home by painting the front door or power washing its exterior. HGTV recommends a splash of color that will catch the eye and a charming focal point like a mailbox or flag. Also give some thought to an outdoor space like a deck, porch, or patio that will provide an oasis.
- Roof. A new roof is always a plus for home buyers. Before you replace your roof, be sure to avoid scams. You can do this by getting referrals from people you trust and by looking within your community for a contractor. Also, request a warranty from contractors and check their insurance, license, and customer approval ratings online.
- Ceiling. Though it’s something we rarely think about, the right ceiling can go a long way to creating a warm and cozy atmosphere. Remove any popcorn ceilings and install wood beams, crown molding, fans, or light fixtures with LED bulbs to give your home a more finished feel.
- Kitchen and bathroom remodel. While the kitchen and bathroom have the most impact on a home’s value, they’re also the most expensive to update. In order to stay within your budget, opt for small renovations that will make a big difference in terms of appearance. This can mean new lights, vanity, knobs, faucets, or a more energy-efficient appliance. You can also refinish cabinets, re-caulk a tub, clean the grout, and install a new countertop, sink, or backsplash.
- Storage. Add shelves in closets for extra storage space and to help make your home more organized.
- Finish the basement. It’s always a bonus to have an extra place to entertain. A finished basement is a huge asset, especially if it’s waterproofed. You can add a TV room, playroom, or even an extra bedroom.
- New windows. If you live in an older house, new windows are more energy-efficient, safe, and visually appealing.
- Open concept. Give the illusion of space by adding mirrors, utilizing natural light, knocking down a wall, or merely rearranging your furniture.
You’ll need to keep up with the basics of maintenance, decluttering, and cleaning to show potential buyers you’ve taken care of your home and that they can trust it’s in tip-top shape. To really give your home’s value a boost, schedule a consultation with a designer and/or inspector to get ideas and point out things you may not have noticed needed fixing. You can also get your home professionally cleaned before putting it on the market to have it looking spotless.