Most homeowners think that the only way to increase their home’s selling price is to do a massive renovation. However, you can make many minor changes that will significantly impact the appearance of your home for much less. Here are the top five upgrades that are most likely to increase your home’s selling price.
1. Updated kitchen
A new coat of paint, updated cabinets, and new appliances can make a kitchen look brand-new. This is because kitchens are one of the most critical rooms in a home when it comes to selling since they often play a significant role in the overall appeal.
Of course, if your kitchen is in bad shape, it might be worth doing a complete renovation. In that case, make sure to consult with a professional to get the most bang for your buck. But if you have managed to maintain your kitchen’s condition, a few simple updates can make all the difference.
For instance, you could install a new backsplash, replace your cabinet hardware, or add a kitchen island. Minor changes like these can give your kitchen a fresh look that buyers will love, especially if your kitchen already has a particular character to it.
2. New flooring
A new floor can completely transform a room and make it look like a whole new space. If your home has old, outdated carpet or linoleum, consider replacing it with a new hardwood or tile floor. It will be well worth the investment once your home is on the market.
This could mean tearing out the old flooring and installing a new one yourself or hiring a professional to do it for you. Just make sure that you select a floor that will be durable and easy to maintain, especially if you have pets or kids.
Another option is to add a new area rug to your living room or bedroom. Area rugs can add color and personality to a room while protecting the flooring. But if you do choose to go this route, be sure to pick a rug that’s big enough to cover the entire floor space.
3. Updated bathroom
A new vanity, sink, toilet, and fixtures can make a bathroom look new. If your budget doesn’t allow for a complete renovation, you should at least update the paint and hardware because these are the two most visible aspects of a bathroom.
You can also add new accessories, like a towel rack, toilet paper holder, or cabinet to give the bathroom a fresh look. And if there’s enough room, consider adding a new shower curtain or bathmat to make a statement.
But if you truly want to wow your future buyers, you could splurge on getting water-efficient plumbing fixtures. Not only will this save you money on your water bill, but it will also show that you care about the environment and your home’s resale value.
4. Finished basement
A finished basement can be a real game-changer when it comes to selling your home. It can add valuable living space and make your house feel like a true home. Plus, it’s an area that many buyers are interested in, so it can be a real selling point.
If you don’t have a finished basement, there are many things you can do to make it look that way. You could add new flooring, paint the walls, and install new lighting. Or, if you’re feeling ambitious, you could add a bathroom, bedroom, or home theater.
But if you can afford to spend on the project, consider hiring a basement finishing contractor to do the job for you. They’ll be able to complete the task quickly and within budget, and you’ll end up with a finished basement that’s sure to impress buyers.
A well-manicured yard can increase your home’s curb appeal, making it more likely to sell for a higher price. Add some flowers, shrubs, and trees, and make sure the lawn is mowed and trimmed before putting your home on the market.
You could also add a patio, deck, or garden to make your yard stand out. These features can be a real selling point for buyers looking for a home with outdoor space because they can use it for relaxation or for hosting gatherings.
If you’re not sure how to landscape your yard, consult a professional landscaper or gardening expert. They’ll be able to help you choose the right plants and design a landscaping plan that will make your home look great.
Making even a few of these upgrades can be a great way to increase your home’s selling price. So if you’re getting ready to sell, be sure to consider these five upgrades. Soon enough, you’ll be packing up and moving to your new home.