If you want to sell your home quickly and get the biggest return on your investment (ROI), there are some home renovations you should most definitely consider. Even if your home is already in tip-top shape, doing some updates to keep up with home trends will help your home stand out among other listings. While there are many ways you can add value to your home, real estate experts know that these top five home renovations are the ones to focus on to get the best ROI.
Little Improvements Go A Long Way
If it’s not in your budget to remodel your entire house, do a makeover instead. Repurpose what you already have in order to make things look new again. Go through each room of the house and see what items you can update and stay within your budget. Some common eye-catching upgrades are to add metallic doorknobs and kitchen cabinet and drawer pulls. Perhaps you can update your light fixtures and ensure they all have the same sheen that goes with the look of your home. A well-lit home goes a long way over a house that appears dark and dreary. Washing your windows and changing window shades or curtains will also light up any room.
Freshly Painted Interiors And Exteriors
A fresh coat of paint brightens and makes everything look clean and new. Keep with neutral tones such as white, light grays, and cream. Painting is one of the most affordable renovations and is easy to DIY without hiring a contractor.
If you have paintable exteriors, give them a fresh coat of paint as well. An exterior paint job can increase your home value by 2 to 5%. Try painting your doors and shutters if you cannot paint the exterior siding. Painting the garage doors is a nice update. At the very least, doing a power wash to make the exterior clean and bright again is also an option.
Refinished Hardwood Flooring
Do you want to get an ROI of about 70 to 80%? Refinishing your hardwood floors dramatically increases the value of your home. If you don’t want to hire a professional, you can DIY it. Whatever you do, don’t cover your beautiful hardwood floors with carpet. That can actually cost you money.
If it fits your budget, a kitchen remodel is the one room out of the entire house that will give you the best ROI. Although kitchen remodels can be costly, they can usually give you between 50 to 75% ROI. If you had to decide between a kitchen or bathroom remodel, the kitchen is the one to go with.
If you can’t afford an entire kitchen remodel, you can still do some upgrades that will please potential buyers. You can reface existing cabinets, change the hardware, and update to modern plumbing and electrical fixtures. Aside from painting the kitchen walls, try painting the cabinets or kitchen island. Add new stainless steel appliances, and your kitchen can look brand new.
Garden Landscaping To Improve Curb Appeal
Going back to what brightening the home exterior can do for your ROI, improving your curb appeal will have the same results. The best way to do that is with your garden landscaping. While you don’t want to ignore the backyard, making sure the front view of your home is beautified will make potential buyers want to stop and take a closer look. You can expect the average ROI for your landscaping to be 100%!
Do a general tidy-up of the property. Mow the lawn, trim overgrown trees and bushes, and put down fresh mulch. You don’t have to go out and buy all new plants and flowers. A few lower maintenance plants will work. Potted plants on your porch or even hanging baskets of ferns will give the front of your home a welcoming appeal.
If you are considering listing your home anytime soon, try tackling these small renovations and improvements early, so you don’t have to do too many at once. You will feel much more prepared to list your home when you spruce up the look inside and outside of your home.
Contact us for more ideas on how you can get the best ROI when selling your home.