7 Upgrades That Will Increase Your Home’s Resale Value
Even if you aren’t planning to resell your home any time soon, it can never hurt to start preparing for the future and begin increasing the resale value of your home sooner rather than later. Plus, little upgrades can add a lot of pleasure and comfort into your home for you to enjoy!
The road to reselling your home is a long one, but here are some upgrades, big and small, you can make to increase the resale value of your home:
- Paint, Paint, Paint
Painting is a simple and cost effective upgrade you can make to give your home a fresh face. When picking a color, keep in mind that neutrals appeal better to a larger number of people which makes your home more desirable. The average can of paint cost only $25 and leaves you money to buy all the painters tape and brushes that you need.
- Low-Maintenance Landscaping
Shrubs and colorful plants add curb appeal, but when shopping for landscaping it’s always better to think green. Purchase plants that are native to your area and that are drought-tolerant; these plants are the ones that require less water. That’s more money in your pocket when it’s all said and done.
- Small Bathroom Updates
Even if you can’t afford a full remodel, small bathroom updates still go along way. These changes can be replacing dated wallpaper, replacing old lighting, updating plumbing and faucet fixtures and painting the vanity and they won’t put a dent in your wallet.
- Kitchen Updates
You don’t have to start from scratch to create a new kitchen. You can start by painting your cabinets to brighten up the room or replacing your faucet fixtures. Just like in the bathroom, small updates will go a long way when increasing your home’s resale value.
- More Space
Adding a room or two can be a good investment especially if the housing market is booming. Every 1,000 square feet added to a home boosts the sale price by more than 30 percent. The addition of bathrooms have the most return and the addition of attic bedrooms, family rooms, and sunrooms have the second highest return.
- Home Maintenance
Before you get started on fancy upgrades, address the basic repairs that you can make. Make sure your attic is insulated, repair any plumbing leaks or rusty rain gutters. Investing in maintenance repairs will help you when it comes to getting the home inspected.
Real estate pros recommend spending money on flooring. You don’t have to dish out a lot of money, but an investment of $600 to $900 can get you a return of $2,000. A few well-placed nails here and there can eliminate any buckling or annoying squeaks. If you want a floor that holds value, hardwoods floors are the way to go.
If you are looking to sell a home or buy your dream house, contact us at The Fairfield Team and we would love to help you out!