5 easy ways to increase the value of your home
Home renovation shows are super popular, and that has led common people to redecorate their homes. Many people want to enjoy their living space, while others want to increase their real estate value.
If you’re a homeowner, now is the perfect time to tap into the trend and brighten up your home. Remember, you don’t have to waste tens of thousands of dollars to increase the value of your home. You can make a few small changes now to make a lot of money when you sell your home later.
Keep reading for five ways to renovate your home so you can make more money when you sell.
1. Check out the kitchen
Many potential home buyers will go to the kitchen. This room is the heart of every home. Here you prepare daily meals, eat with family and friends, relax and more. Buyers start by analyzing every cabinet and surface, imagining your kitchen as the center of their daily routines.
They will probably like the image in their mind’s eye if you have a quality kitchen. Investing in kitchen upgrades is a great way to increase the value of your home. If you don’t have the budget for a complete renovation, small upgrades can add up to significant returns later on.
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Changing the countertops or cabinets can enhance a kitchen, making it more modern and attractive to buyers. Try to take a critical look at your kitchen; imagine how a stranger might see it. Would a buyer prefer a more contemporary style? Maybe they want a newer stove. It’s a good starting point.
2. Take a step outside
Not only can exterior upgrades beautify your property, but they can also open up a world of fun recreation. Set up a fire pit and you can host parties where your friends are roasting marshmallows over the fire. Add a pool and you can start throwing pool parties.
Small aesthetic changes can make a world of difference. Powerwash the patio, beautify the patio or add a new coat of paint to make your home even more beautiful. A 2018 National Association of Realtors study said: new terraces and patios can yield 69% to 80% on the investment†
Of course, don’t forget the safety repairs. But even if you don’t have a lot of money to spend on extensive renovations, you can always replace furniture or old, worn-out curtains. Inexpensive flower pots or colorful cushions bring a lot of life to your place settings.
If you’re looking to update your outdoor structures, Porch.com has many tips for updating your backyard. Whether you are thinking of a veranda, gazebo, conservatory or pergola, this handy guide has you covered†
3. Boost the look of your bathroom
Like the kitchen, the bathroom is a space that people consistently return to. However, unlike a kitchen, people don’t come here to gather or eat. (Hopefully.)
Toilet jokes aside, renovating your bathroom is a good investment. An unfinished bathroom can be a deal breaker for a buyer. But if you’re handy and give some cheap updates to this important living space, it could make you a lot of money once you start selling.
According to the 2019 National Association of Realtor report, bathroom investments are the most popular of all home improvements. That’s because they likely contribute to a higher selling point. After all, home buyers want to be sure that they can go potty in peace. A new, sparkling bathroom assures them.
Still not sure? View the numbers of Illinois Bank & Trust†
On average, homeowners spend just over $20,000 on a mid-range bathroom remodel and nearly $65,000 on a luxury bathroom remodel. On resale, medium-sized renovations recoup 67.2% of their costs, while more luxurious renovations recoup 60.2%, according to renovation.
Illinois Bank & Trust, Does a bathroom renovation increase the value of the house?
Don’t forget one of the most essential parts of a home inspection: an attractive exterior. Here’s another good question homeowners should be asking themselves.
4. How is your attraction?
Sure, you can have the most beautiful interior in the world, but that doesn’t mean anything if the outside of your house is unappealing. That’s why curbing the profession is critical.
This term refers to the attractiveness of your property from the sidewalk. When a potential buyer drives up to your home, they analyze the appeal. Even if they don’t know enough about real estate to understand the term, they will unconsciously look at your home and decide whether or not to intervene.
A lot of factors contribute to a good attraction. A bright green lawn will instantly make your place look great. But a good paint job is irreplaceable.
5. See if you need a new paint job
Nothing increases the resale value of your home quite like a fresh coat of paint. A brand new paint job can transform your home’s interior, making it more attractive to potential buyers. Perhaps that’s why 63% of real estate agents recommend painting the interior of the home, according to the National Association of Realtor’s 2021 Profile of Home Staging†
Sure, you can do it yourself. And you’ll save a ton of money, since the average price tag of a gallon of one-layer opaque paint is about $38, the family handyman says† But when you run your home improvement projects, you come with a lot of risks. You may not be able to paint it as neatly as you’d like – or you may want to leave it to the professionals.
Angi helps you hire high quality professionals to get the job done
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Instead of spending hours researching, you can get instant information about thousands of real professionals. You don’t have to scour the internet for reliable sources; with Angi, you can search reviews, request quotes, and book your home improvement project all in one place.
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