Whether you’re preparing to sell your home or are planning to sell down the road, you may be thinking about how you can increase your home’s value. As you search “sell my home” for tips on how to increase the value of your house, you may feel overwhelmed by all the ideas. How do you know what’s actually effective? How can you ensure the work you put in will deliver increased value? For the most effective ideas that deliver a lot of value, read on for four renovations that can drive the price of your home up.
Upgrade Landscape for Better Curb Appeal
There is a good reason why curb appeal is one of the most important topics discussed in real estate. The front of your house is the first impression a potential buyer has of your home. This is true whether they are seeing your home for the first time to tour it or find your listing online. To create a maximum impact that sets the entire process up well from the start, invest in exquisite landscaping to make an impression.
On average, buyers pay 7% more for a home with gorgeous curb appeal. Plus, the cost to upgrade this area can be rather low and you can see a return on investment (ROI) of over 100%. Landscaping is major in increasing curb appeal. You can take on this task yourself or hire a landscaper to deliver lush greenery, stunning plants, and more. This is a project that does need to be maintained, so if you’re looking out into the future, you can choose to do this home renovation right before selling to avoid incurring time and cost into your curb appeal.
Revolutionize Outdoor Living Space
Since the pandemic, people are starting to spend more time outdoors. Entertaining outdoors or creating an outdoor oasis is perfect for relaxing. As a seller, you want potential buyers to envision living in your home. Creating an outdoor living space that speaks for itself about how the buyer can relax in their new home will be super valuable. Consider the space you currently have (or don’t have) and figure out how you can expand on that.
A deck is a must for outdoor living space so consider adding one or renovating the one you have. Two great features to add are an outdoor kitchen and an outdoor fire pit. As you add these upgrades, keep entertainment in mind to build features that provide great value to potential buyers. If you have it in the budget, you could also consider adding a pool, hot tub, or sauna.
Renovate your Kitchen
The kitchen is often considered the heart of a home. It’s one of the rooms people spend the most time in and utilize in major ways. You want your kitchen to wow potential buyers so if your current kitchen features outdated styles, appliances, or colors, you want to consider renovating it. A few other reasons you might want to renovate could be space needs. People love kitchens with plenty of room for a big refrigerator, lots of cabinet space, and enough room for multiple people to move around.
A kitchen renovation can be costly, but it’s well worth it as you’ll likely see between 55–75% ROI. If you feel you’re kitchen is upgraded with current trends but still feel like you could add value to this space, there are a few other features you can consider. A walk-in pantry or kitchen island are great options if you’re able to make that work.
Increase Livable Space
More liveable space has “sell my home” for more written all over it. Livable square footage is one of the biggest indicators of price for a home and will increase your appraisal value. The current trend with homebuyers is that they are looking for homes with more livable space, so you’ll be meeting the needs of potential buyers.
While you can build an addition onto your home to add more living space, that can get costly. If you have the budget and want to invest in that, it’s a great option. If you’re looking for a less-costly option, you can consider converting your current space into a more livable space. Remodel an unfinished basement or attic. Convert an outdoor porch to an all-seasons room.
Conclusion
To increase sell my home value, renovations are an excellent way to not only sell your home for more but will make your home an invaluable property. You want to create buzz and ensure your house meets the needs and desires of buyers in the current market. Get more for your home with these valuable renovations.
