Homeowners, if you want to make money by selling your home, you can always invest money to improve your house and get the highest profit.
Most of the sellers who improve their houses can sell their homes above the list price. Experts say you can have almost 50% or even more profits in the money you spend on home improvements. Besides, a buyer would prefer to move in a ready house than a house that needs repairs. For example, if your house is worth $200,000 but needs a new roof and the roof repairing cost is $9,000. You better spend this money to repair the roof to maintain the market price of your home. Well except for the repair works most of the home improvement options may not cost that much. It’s likely worth your time to do all the smaller things that will not take a lot of money but will improve your home’s supremacy. Here read on 5 types of home improvement options that will boost your home value when you want to sell it.
1.Add beauty to improve your house
Nothing weighs more than the beauty of a home when it comes to selling. It makes the first impression amongst the buyers. So, you would not like to sell a home that looks old and dead.
To add the beauty paint is a magical option, and that’s true whether you’re upgrading the paint inside or outside your home. A fresh coat of paint can make even dated exteriors and interiors look fresh and novel, and it’s not that expensive, either. Painting is the lowest cost improvement with the highest rate of return, so it’s not surprising that 36% of home sellers choose to do it. Most people think the kitchen is the heart of the home. So, you might want to remodel your kitchen.
You can also invest money in landscaping your yard which will make your house more beautiful. A few newly planted shrubs and perennials tucked in for good measure will make your house feel more finished and inviting. Replacing carpet or repairing flooring is an improvement that 26% of homeowners make. It can give a brand-new look inside your home. You can also update the lighting features to generate a sparkling in the eyes of the buyers.
2.Add space to improve your house
Adding more usable space to an existing home can make a lot of financial sense for home improvement, and that’s correct in areas with limited available real estate where land and space may be finite. Homes are valued and priced by the livable square feet they contain and with more livable square feet you have a better chance to be paid more. So, you can knock down a wall and extend it few feet outward to grab more space. You can add a bathroom, a great room, or another needed space to a home that can increase function and add value.
3.Improve energy efficiency
There are many ways to improve the energy efficiency of your home. For example, installing a smart thermostat is a great way to improve efficiency and save money. You can remove the old home appliances and buy energy-efficient appliances that reduce the cost of the buyers. Nowadays buyers like to shop for homes with energy efficiency in mind. Old, drafty single-pane windows are a major disadvantage. Experts claim that adding Energy Star-rated windows can save you up to $500 a year in heating and cooling costs by making your home more energy-efficient.
4.Add technological features to improve your house
Today’s world is run by technology. People expect to grab the latest technology. So, buyers usually look for homes that are improved and updated with technological appliances. You can update yours with the advanced door lock, closed-circuit cameras, energy-efficient insulation, high functioning refrigerator, air conditioner, room heater, microwave ovens, etc. Those updated home appliances will not only boost your selling price but also keep your home at the top priority amongst the buyers.
5.Basic updates
Basic updates are needed to give a final touch in improving your house before selling. You can ask an honest friend to take a walk around the house and list everything negative she sees from the front yard to the backyard. Take that list and solve all the free or low-cost easy problems. Don’t forget those leaky spouts, holes in walls, and scuffs on the floors you have grown that you might ignore. If the air conditioner is making a noise fix it. If there is a lick in the pipe fix that too. Just make sure when the buyer moves into the house don’t need to feel like fixing anything.
Conclusion
Don’t go for any expensive improvement project like in-ground swimming pools, whirlpool baths, expensive landscaping, garage addition, or anything that has more of a personal touch than the necessity. Those projects might not bring your money back. Once you have completed your necessary home improvement projects go for sale as soon as possible. A common formula used by home stages is that every $1 put into a house should yield an additional $1.50 increase at closing or even more. You just need to be strategic about which home improvement project you choose.
