Tips on Improving Your Home in Order to Increase Resale Value

loghomeentryBy Seth Murphy

Home improvements can be expensive, but they can greatly increase your home’s value. When it comes time to decide which improvements to make, there are a few things to consider. Here are some tips on how to improve your home to increase its resale value.

Small improvements can be big!

Did you know that some home improvements only cost a few hundred dollars? Small but noticeable upgrades like repainting your entryway and adding a few nice flowers can really make a difference in how welcoming your home looks, a.k.a. “curb appeal.” Also, the most popular upgrades for dollars spent versus return in increased value are small kitchen and bathroom upgrades. You don’t need a whole redo of those rooms if the appliances are in good condition. Little touches like new lighting fixtures and backsplashes will greatly improve the look with small expenditures of time and money. Installing loose-fill fiberglass insulation in the attic gives the most return for your investment, and it’s not a large expense. Adding energy-efficient windows to replace older, drafty ones can improve both your current energy bills and your future resale value. So go ahead and see what small improvements you can make to have your house be more inviting to buyers.

Large-scale improvements can greatly increase value

If your home furnishings are older and in need of replacement, be sure to look for energy efficiency and universal design. The latter is a relatively new concept that incorporates ability-awareness features into home pieces so that the elderly or those with mobility concerns can use the furnishings easily. Think walk-in showers or lever-style handles rather than knobs. Such features make any room easier to use by all the people in your household, no matter what the condition of their hands or eyesight.

If you are looking at completely redoing your kitchen or bathroom or other rooms in the house, be sure to check around for reputable contractors and design ideas. The more you know going in and the more specific you are with your design plans, the more likely you’ll end up with a remodel that fits into your planned budget. Look online for ideas and local pricing information. For example, HomeAdvisor indicates that the average price to remodel a kitchen ranges from $15,428 to $38,607. Keep in mind that the labor and fixture expenses may vary greatly, as will the timeframe of the project. Comparison shop online to see what new kitchen appliances, bathroom fixtures, and flooring options cost to help you determine your price range for upgrading those or other rooms in your home.

Another consideration is the outside of your home. If you need a new stain job or new roof or siding for the exterior, that should be done before spending money on interior upgrades. Try to make repairs before upgrades. If something is not working normally or looking good, that will be a tip-off to potential buyers that your home has not been maintained well. So walk through and look at everything like you’re a stranger. What do you see that needs repair? What looks shabby, dirty, or just dark? Start with those areas.

So whether you’re looking at a few cosmetic improvements or major upgrades to your home, you can find all sorts of ideas and price points online to help you decide. Look at the upgrades that will quickly improve energy efficiency or functionality. This will help make your home more appealing to buyers. That, in itself, is worth the money.

Last modified on Tuesday, 03 July 2018 16:25

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