home renovation tips

5 Home Renovation Tips to Boost Resale Value

The thought of renovating and upgrading your home for sale may seem overwhelming. Once your property is on the market, all those minor fixes you were happy to delay for a few days—or years—may appear as major issues to a buyer. It’s time to invest some money and effort in a few repairs and home improvements to get your home market-ready soon.

But before you go and buy the tools you need for remodeling, first determine which renovations would add the best value to your property. Try to put yourself in the shoes of a prospective buyer, and carefully examine your home to see what needs to be upgraded, cleared away, or spruced up. Also, consider your home renovation goals and budget.

From a fresh coat of paint to a complete kitchen overhaul, here are some home improvement tips guaranteed to help increase the value of your house, draw more interest, and yield great returns on closing day.

Spruce Up Your Home with Fresh Paint

Paint is one of the simplest low-cost home upgrades you can invest in. Your property will appear larger, brighter, and more appealing to potential buyers with a fresh coat of paint, and a newly painted front door invites buyers to come in. Even dated exteriors and interiors can be transformed to add value with a fresh coat of paint.

When choosing paint colors, remember that neutrals appeal to most individuals. Designers and homeowners alike prefer white, gray, beige, and taupe tones because they visually expand small spaces and brighten dark interiors. Neutral colors also make it easier for prospective buyers to picture themselves living in the house.

Design experts recommend classic white tones or warm gray for painting interior rooms like the kitchen and bedroom. White paint gives the living room a clean, well-kept look that appeals to a wide range of people while pale blue is ideal for small areas like the bathroom or laundry room.

Add Energy-Efficient Extras

There are various ways to increase the efficiency of your home and reduce carbon emissions. Installing solar panels or air source heat pumps can help you make the switch to renewable energy. You can also improve the insulation of your home by ensuring that no energy is lost through cracks around doors or windows. Replace inadequately insulated exterior doors, and swap old, drafty single-pane windows with energy-efficient ones.

To increase efficiency and save money, consider installing a smart thermostat. With a smart thermostat, you can regulate your home’s climate and manage your energy expenses from anywhere, whether you’re lounging on the sofa at home or by the pool on vacation. 

These investments in home technology and efficiency offer a significant selling point, emphasizing your home’s overall comfort, convenience, functionality, and energy efficiency.

Clean and Declutter

Deep cleaning and decluttering your property can add several thousand dollars to its market value, according to a 2019 HomeLight report. Hiding your home’s best assets under a mountain of junk will not impress potential buyers who appreciate a clean and tidy home.

Cleaning and decluttering are inexpensive home improvement projects, but they still require a lot of time and work. Keep your place clutter-free by packing up anything you won’t be using in the next several months, such as Christmas decorations, old toys, seasonal apparel, and sports equipment. Sort through cabinets, closets, and drawers, and create a donation pile. While you’re at it, assess your furniture and consider removing anything that makes a room look crowded and less appealing to buyers.

Upgrade Your Bathrooms

A bathroom makeover will undoubtedly raise the value of your home and make it more appealing to potential purchasers. Depending on your budget, you can explore a range of renovation projects, such as replacing outdated plumbing or installing new sinks, tubs, showers, toilets, and lighting fixtures. Even if you can’t afford a complete bathroom overhaul, minor changes like replacing an outdated vanity or mirror and adding storage space can increase the value and beauty of your home. If you have a bigger budget, you may want to try replacing outdated floor tiles to give your bathroom a more modern look.

Another alternative is to add a bathroom to your home, particularly if you only have one. Homes with multiple bathrooms are in high demand in the real estate market, and potential buyers will most likely appreciate the convenience. Adding an en suite bathroom to a master bedroom or converting a closet or other underused space on the main floor into a half-bath are also popular options.

Remodel Your Kitchen

A kitchen remodel provides one of the most significant returns on investment. Since many homeowners consider the kitchen to be the heart of the home, updating your kitchen area typically pays off when you’re planning to resell your property.

Consider replacing old and existing appliances with energy-efficient models to create a modern-looking kitchen that is not only good for the environment but also helps you conserve electricity. This upgrade draws buyers who are looking for ways to save money.

You can also look into repainting your kitchen walls, installing a new backsplash, adding an island, refinishing cabinets, and replacing light fixtures and faucets. Adding cooking, dining, seating, and storage space, as well as installing wood or tile floors and new windows and doors, are great kitchen upgrades. Just remember to stay within your remodeling budget and keep the room functional when undertaking any major renovation.

Final Word

Home improvement projects can be challenging to manage and budget, which is why it’s vital to pick the ones that provide the highest return. To avoid getting lost in a sea of home renovation ideas, focus on upgrades and remodels that will increase rather than decrease the value of your home.

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