If you are planning to sell your house, investing in its renovation might be a great idea to increase its value. However, it may not be as easy as it sounds.
After all, not all renovation projects guarantee huge returns. Some give poor results as they fail to impress potential buyers, thereby reducing the chances to get the best price. As a homeowner, you surely want to avoid this. That’s why you need to know where to invest and how much to spend to make the most of your property.
In this blog, we are going to discuss what you can do with your property to further enhance its price and ensure significant ROI.
1) Cover The Necessities
One of the best investments that you can make is to update your roof. Not only is it a necessity but it also plays a vital role in making your overall property look good. Just think about it, no home buyer would want to buy a home knowing that they will have to replace its roof later. Make the right choice and invest a little in renovating your roof!
There are areas in your home that need waterproofing more than others. Your basement is one of them. Every potential buyer would want to know what your basement looks like and also if it is leaking. That’s why it is a good idea to invest money in keeping it dry and waterproof.
2) Do The Makeover
A) Kitchen Remodel
You can decide to do a major kitchen overhaul. However, it is a better choice to go for a minor upgrade. Since many home buyers replace the old kitchen once they take possession of the property, investing in a big kitchen remodel will only be a waste of your time and money. You can do small replacements like re-laminating countertops and updating the room’s look with new, affordable sinks and faucets. Repainting and wall coverings are also great options for a lovely kitchen makeover!
B) Bathroom Remodel
Another idea that is very popular among homeowners who are renovating their home for sale is bathroom remodeling. An unappealing bathroom can be a huge turn off for many buyers, especially those who are peculiar about their hygiene habits. You need to make sure that everything in your bathroom is not only functioning correctly but is also following the home’s decor. By investing in simple things like painting the walls, updating the tiling and fixtures, and replacing the malfunctioning toilets, you can change the entire look of your bathroom!
3) Look For Efficiency
Many buyers prefer to choose a smart home. Smart homes are not only attractive but offer significant safety and security. Keeping this in mind, you can infuse technology into your home to attract more prospects. Also, make your home energy efficient. Upgrade the HVAC system and service the doors and windows for reduced energy costs.
4) Go Bespoke
A) New Front And Garage Door
The first thing that your buyers will see when they visit your home is its front door. Hence it is essential to keep it in good condition. A new front door will not only improve your home’s curb appeal but will also impress potential buyers. The same applies to your garage door as well. Replace the old garage door with a new four-section, galvanized door. You can also order personalized doors for an enhanced look!
Landscaping is a great way to add more value to your home. You can improvise your garden and add a pool and gazebo to it. Something as simple as adding a deck can make your outdoors look heavenly, attracting more buyers.
A home improvement project can be a little hard on your pocket, but with all it has to offer, investing in a renovation is worth it. Remember the tips mentioned above to get maximum ROI on your property.