Which Upgrade Add the Most Value to a Home? Learn what renovations will help you when it comes time to sell.
in Buying a House
When it comes to selling a home, there are many things you need to consider. In fact, the average home takes anywhere from 30-90 days to sell. And that’s with an effort put into the sale!
So how can you make it easier on yourself? What can you do to make your home value increase and sell your home faster? One thing you can consider doing is upgrading your home with renovations.
Ready to learn more about what upgrading a home can do for you to make selling the home easier? Keep reading!
Renovate Your Kitchen
They say that the kitchen is the heart of the home. It’s where you cook, entertain, and hang out with family and friends – it truly is the center.
If you want to sell your home faster or increase the value, the first thing you should do is make some renovations to your kitchen. Ask yourself:
- Are the cabinets outdated?
- Is there a sitting area for entertaining?
- Are my appliances outdated?
- Is the decor too niched-down?
If your answer to all or even any of these questions is “yes,” it’s time to renovate!
Here are a few tips for renovating your kitchen to make it a space that people fall in love with immediately:
- Incorporate new appliances with better technology
- Redo the countertops – consider going with granite for a timeless classic
- Take out old cabinets and replace them with newer ones
When all is said and done, decorate in a way that can appeal to all demographics.
When renovating your kitchen, be sure to stick to a budget so you don’t go too crazy with the changes. You just want to do enough that it will up the resale of your home.
Update Your Bathroom
Another part of the home that many people spend time in is the bathroom. Making sure that the bathroom is up-to-date is crucial when selling a home. You also want to make sure it is clean (meaning no mold or mildew residue anywhere).
If you notice that it is a bit outdated and you need to make some changes, start with the floor. Changing up that old tile can make a huge difference.
From there, consider taking out the standard tub and shower and making it a walk-in shower with a bench and a rain showerhead. This will make people feel like they are in the lap of luxury.
Look at Your Flooring
Is your home full of carpet everywhere you turn? Are the bedrooms, living room, dining room, and even the hallways carpet?
This is no longer a trend that people want in their homes. Instead, changing out carpet for a tile, hardwood, or laminate floor can increase home value tremendously.
The popularity of wood floors makes this trend worth investing in – you will see the return on investment when you sell the home quicker than the average home!
Repaint the Walls
You may have gone through a phase where you wanted bedroom one to be green, bedroom two to be yellow, and the master bedroom to be dark blue.
Maybe you even painted the living room walls a sea foam green.
At the time, this worked for you. Now that you want to sell your home, bright wall colors can take away from the house itself. Not everyone wants blues, greens, and yellows on their walls.
To get rid of this, it is best to paint the walls a neutral color. Consider using grays, whites, beiges, and tans to repaint.
This will appeal to a much wider range of homebuyers.
Finish the Basement
If you live in an area where you have a basement, this can be one of the best blessings for you. While you may have thought it was just extra space while you lived in the house, it can mean something entirely different to a potential buyer.
To maximize value, you need to finish the basement. This means painting the walls, installing flooring (instead of the concrete floor that is probably there now), adding different types of furniture, and separating the maintenance room (if you have one).
A finished basement will be sure to give you a return on your investment.
Look to the Exterior of the Home
If the inside of your home feels ready to sell, it probably is! It may be time to focus on the outdoor areas of your home, like the curb appeal, the garage door, and the front door.
To increase curb appeal, you will want to add plants, trees, and flowers to the front yard. You should also make sure that the lawn is mowed and that nothing else is overgrown.
When it comes to the garage door, you want to ensure it does not look dirty or old. Making sure it is not outdated is another way to sell your home faster.
Now for the front door. This overlooked accessory can be a part of the home that makes or breaks it. If you want it to stand out, add one with glass or consider painting the front door a bright or bold color.
Upgrading a Home: Boost Your Resale Value
Looking for ways to sell a home faster when you put your home for sale? Upgrading a home can make it appeal to more buyers, and even potentially make someone buy it faster.
So what do you need to do? Make some house renovations! Look toward the bathroom, the kitchen, and the floors.
If you have a basement, spruce that up. Then be sure to fix up the outside as well.
Ready to make an investment into your home to sell it faster? Borrow the money you need with Lafayette Federal, so that you are able to Complete your upgrades! Learn more here.
Contact Glen Cook, your Home Equity Loan Officer, to get started!
Glen Cook
(240) 747-2465
gcook@lfcu.org
