Not all home improvements are meant to be enjoyed as a homeowner as much as they’ll benefit you as a seller. But Elite Homes, a homebuilder in Louisville, Kentucky, is here to show you some upgrades that may not be elaborate, but they could make or break the sale of your home. Here are five home improvements can increase the value of your home.
1. Bathroom Remodel. Bathroom upgrades can provide as much as almost 80% returns. This includes new countertops, faucets, light fixtures and other simple, but essential features. No need to splurge on fancy fixtures, but instead keep things neutral and classic to appeal to all types of buyer tastes.
2. Landscaping. Your yard is the first thing people see, so any improvement will be valuable. When deciding what upgrades to make first, start from your curb and work your way to the front door. This mimics what the buyer will see first as they arrive and begin making their initial judgments. Small year round plants add nice appeal, while larger trees and shrubs also help with erosion and water run off.
3. Exterior Improvements. New siding makes a huge difference aesthetically, but more importantly protects your home. Certain materials like fiber-cement provide much more return on investment than vinyl, for example, which can crack, rot or fade. Swapping in new energy efficient windows is also big for buyers as they make a home feel warmer and save significantly on utilities overtime.
4. Attic or Basement Conversion.
Whether your goal is to convert the space into a bedroom for guests/in-laws or an area to entertain and relax, some new dry wall, floors and lighting can reap significant return on investment.
5. Build a Deck or Porch. While these areas provide potential buyers the chance to envision themselves enjoying family cookouts and gatherings, they also offer a nice, seamless transition from the inside out. These additions typically recoup about 85% of costs and can make a huge difference in the eyes of buyers who appreciate the bonus living space a nice outdoor area can provide.
If you’re ready to move into an Elite home, then start thinking about what your buyers may want so that you can sell your home in the near future! Some of these improvements may not be as valuable to you as they are to the next owners, so it’s important to see how noticing the difference can be more of a benefit when you’re ready to move.