Property Payoff: Tips To Increase Resale Value
Many home improvement projects not only improve your family’s quality of life, but they can increase your home’s appraised value. If you plan to remodel, there’s a fine line between making updates that add immediate resale value and investing in projects with zero ROI down the road. As you begin to make decisions regarding revamps, it’s imperative to pay close attention to the market value of your home and the abodes near you. Here are a few remodeling project ideas that can increase the value of your home when it comes time to sell.
Updating your kitchen and bathrooms can provide the greatest return on investment. These revamp are most attractive to prospective buyers because these rooms are high-traffic areas. Appraisers also tend to look for updates in the kitchen and bathrooms first, due to the appeal for potential buyers. A contemporary kitchen with high-grade fixtures and energy-efficient appliances can boost value when you put your home on the market.
When a home is well maintained, prospective buyers take notice. Unkempt bushes and overgrown trees can obscure views and darken interiors, but a mowed lawn, mulched landscaping, and pruned shrubs can significantly boost your home’s curb appeal. Landscaping is also one of the most affordable ways to increase your home value in the first year.
If you’re remodeling on a tight budget, paint can go a long way toward improving the look and feel of your house. Opt for modern, neutral colors in the interior of your home, which makes it easier for potential buyers to project their ideas into space. Consider touching up any chips on your home’s exterior or paint the front door in a bold color that pops.
Investing your money in the right projects — such as refreshing the kitchen, replacing windows and enhancing your dwelling’s curb appeal — can bump your home into another price bracket. For more home improvements that increase resale value, see the accompanying infographic.
Tips To Increase Resale Value created by Synergy Builders
Author bio: Sara Scimeca is Marketing Coordinator for Synergy Builders, a stress-free remodeling company. She has two years of experience in the industry and manages Synergy’s marketing plans including creation of content for newsletters, brochures, advertisements, videos and more.