Selling your home is a complicated process going beyond sticking a for sale sign in your front yard and calling it a day. If you’re considering selling your home, you want to do what you can to ensure you get some profits from the sale. Normal wear and tear and out-of-date features limit the value of your home. To get the best return on your investment, there are some changes and upgrades you can make to increase the value of your home and make it more appealing to potential buyers.
Give Your Home a Deep Clean
After living in your home for years, it makes sense that you would need to do a deep clean. Giving your home a declutter and thorough cleaning can help improve the value of your home. This is an easy and relatively inexpensive upgrade you can make to your home to make it more appealing to potential buyers.
If you want to save some money you can complete the deep cleaning yourself, but if you don’t have the time and don’t mind a convenience purchase, consider hiring cleaning professionals to help you with this process. Whether you bring on a team or do the deep cleaning yourself, ensure you get in to clean all the nooks and crannies of your home.
Making your home more ecologically friendly is a slightly more expensive task, but go a long way in improving the value of your home. You can choose to make some major upgrades like installing solar panels on your roof or do some minor upgrades that won’t break your budget. In a study completed by Zillow, homes with solar energy sell on average 4% higher than homes without solar energy.
If you’re looking for more budget-friendly green upgrades, consider replacing old appliances with more energy-efficient upgrades. New kitchen appliances can make major improvements to the value of your home. If you have a fridge, oven, or dishwasher long past its warranty, consider upgrading your appliances with newer, more energy-efficient options. This will have your kitchen look brand new and be more appealing to potential buyers.
Aside from the kitchen, you can also install energy-efficient appliances in other areas of your home. If you have the option for upgrading appliances in your budget, think about replacing your laundry appliances,
Put a Fresh Coat of Paint
A fresh coat of paint inside and outside your home can go a long way in terms of improving your home’s value. Repainting areas of your home is an easy and cost-effective way to increase value and make it more attractive to potential buyers. On average, a gallon of paint costs around thirty dollars, but a freshly-painted room or exterior helps your home look newer, cleaner, and updated.
When considering color to repaint in, neutral colors will always be your safest bet. While trendy bright, colors are fun, you can’t trust everyone will have the same taste you do. So neutrals have the greatest chance of appealing to more people.
Upgrade your kitchen
We mentioned earlier that upgrading kitchen appliances can go a long way in increasing your home’s value. Many home buyers view the kitchen as the heart of a home and with so much time spent in the kitchen, it makes sense that people are looking for a kitchen to fit their needs.
Upgrading your kitchen doesn’t necessarily mean completely overhauling the space. Instead, you can choose to make budget-friendly upgrades that make a huge difference in the value of your home. You can upgrade your kitchen sink, install a water filtration system, replace appliances, and even just simple kitchen decor changes.
If you want to make more impactful changes, consider replacing your kitchen cabinets. The world of cabinetry isn’t as simple as you may think, and there are lots of options to pick from when upgrading your cabinets. Look into semi-custom, custom VS, or stock cabinets and weigh the costs and benefits to ensure you’ll get a good return on your investment.
Add in a Home Office
Due to the pandemic, we saw a shift in work structure. More and more individuals are working from home, creating a trend in the real estate industry. Due to more people working from home these days, more prospective buyers will be looking for a home with a space for a home office. So why not get ahead and bring your buyer’s vision to life?
If you’re looking for ways to improve your home value and make it more appealing to potential buyers, consider upgrading your home to include a space for a home office. Real estate agents across the country have stated more and more clients are looking for homes built with a home office. So, including a home office in your home, you increase the competition for your home, and in turn, allows you to get a better return on your investment.
If you have extra space in your home, consider converting it into a home office. If not, you can look into adding space to your property for a home office or expanding on existing storage space in your home to be fit for a home office. If you think you’ll need to add to your property, you can look into residential hard money loans to help you finance these home upgrades.
Improving your home’s value
Not making minor and even major repairs and upgrades to your home could mean losing out on thousands of dollars from the sale of your home. When it comes time to do an open house for prospective buyers, you want to ensure your home is in top shape for a higher asking price. With simple upgrades like a deep clean and fresh coat of paint to more major upgrades like replacing appliances or installing solar panels, you can do your part to increase the value of your home or bring on professionals to give you a helping hand. Whatever route you choose, making upgrades can help improve your return on investment after selling your home.
Megan Isola holds a Bachelor of Science in Hospitality and a minor in Business Marketing from Cal State University Chico. She enjoys going to concerts, trying new restaurants, and hanging out with friends.