Not all home improvements are meant to be enjoyed as a homeowner as much as they’ll benefit you as a seller. These upgrades, from Atlantic Builders, a homebuilder in Fredricksburg, VA, may not be glamorous or elaborate, but they could make or break the sale of your home. These five home improvements can increase the value of your home.
1. Bathroom Remodel. Bathroom upgrades can provide as much as almost 80 percent returns. This includes new countertops, faucets, light fixtures and other simple, but essential features. As much as a Jacuzzi tub may get a lot of “oohs” and “ahhs,” it won’t be a deal breaker to a buyer. 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.
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. Another bathroom in an area like this can be one of the most valuable additions you can make.
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 selling your home in the near future, it’s time to start thinking more about what your buyers may want. 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.