Upgrade indoor
systems
Before you think of making any functional or cosmetic
changes to your home, you need to make the proper repairs, replacements and
upgrades to all the major systems in your home. These systems include heating,
sewer, electrical, and plumbing systems.
Buyers won’t settle for a house that has a leaking roof or a
ruined drainage system. They need the assurance that all the basic systems in
the house are in proper working function and will not require any replacement
or repairs in the near future. Most of these issues will be covered during the
home inspection. One might be required to get an updated plumbing and wiring
system if the house is old. An old roof should also be replaced. Make sure all
problems associated with air-conditioning and heating are addressed beforehand.
Outdoor replacement
projects
Having replacement projects will give you a better value
than remodeling ones. Replacement projects are also affordable and give great curb
appeal. Consider making necessary replacements to the front door, windows,
siding, and garage door. On average, the investment return for these kinds of
outdoor projects is about 72%. You can consider getting vinyl windows, steel
entry door and foam-baked or fiber-cement vinyl siding.
Kitchen upgrades
Anything that you can do to improve the appearance of the kitchen
will up the home’s value. This also means upgrading the appliances. Whether you
plan on doing a major facelift or an entire remodel, painting the kitchen in
modern colors is the first step. Fortunately for homeowners, paints are
relatively cheap. In addition to that you can install new cabinetry, updated
lighting and kitchen sink fixtures. Tile or laminate flooring also improves the
appearance of the room.
However, if you’re on a tight budget, painting and new
countertops will be enough to add value to your home.
Add an extra bathroom
For a long time, the kitchen has been the buyer’s focal
point when buying a home. However, over the past few years, the bathroom has
become even more significant to buyers. Having an extra bathroom adds value to
your home. If your budget is tight and you can’t afford to have an additional
bathroom, then give the existing bathroom a proper facelift. Have it painted
with a new floor and better fixtures.
Reinventing a room
Having to reinvent a new room can be expensive and can turn
out to be even more costly if you run into unexpected difficulties during the
project. However, you can make an investment return of about 50% to 83%. You
can use the attic or convert your basement to make an extra bedroom.
Boost curb appeal
It’s not unusual to find a homeowner making expensive
changes to the interior and overlooking its appearance on the outside. This
becomes a challenge since buyers will not even get past your driveway if the
house has a poorly maintained front yard. This can result to about a 10%
decrease in value. In order for you to avoid this, trim trees and shrubs and
have your yard cleaned from any debris. Having a well maintained front yard
works well and it costs less than having to do an expensive landscape.
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