If you’re getting ready to sell your home and are deciding which renovation projects to take on, you may be having a hard time figuring out what will add that impact of value to buyers and what will not —some renovations are worth more than others, but it can be hard to tell since the potential buyers’ personal preference will come into play as well. Your age of house, neighborhood, and general location will also affect which projects you should consider that will bring you top dollar and sell your home more quickly.
If you’re considering making updates and upgrades, consider the following improvements that tend to offer more ROI (Return on Investment) when selling.
Renovations / Improvements that Add Value to Your Home
Kitchen
If you’re considering remodeling your kitchen before listing your home for sale, you won’t necessarily need to do a full-on kitchen remodel to have an impact. Doing minor upgrades and updates to make it look current and fresh will have a positive effect on your home’s overall value, helping you get more bang for your buck.
Energy Savings / Smart Home Technology
Doing renovations or upgrades that result in energy savings is a great idea when you’re planning to sell your home. Buyers are savvy and energy-related improvements and home technology are desirable features. Things like replacing insulation, upgrading windows, replacing appliances, adding Smart Home technology, will all add value to your home and help you get more money out of it when you go to sell.
Garage Door Replacement
A new garage door—which can account for almost half of your home's façade—gives you the highest boost in curb appeal.
Siding
Curb appeal is big for many buyers, and if you have old, outdated, faded siding that you’re considering replacing, you should. New siding can give your house a totally fresh new look and will attract more buyers than you might think. If your siding is in good condition, but in need of paint, this is a must-do project. A home in good condition tells buyers it's been well taken care of.
Front Door
You have one opportunity to make a great first impression and the front door is front and center. Replacing the front door is relatively inexpensive, easy to do, and will provide a positive impact on your home’s value.
Basement
If you have an unfinished basement or a basement that needs some upgrades, then doing those before you list your house on the market is a great way to go. While some people love the potential of unfinished space, many would prefer a space that has potential but is finished so that they can move in, customize it, and start using it right away.
Bottom Line
When it comes time to sell your home, there are a number of renovations that you might want to consider doing, depending on the current market, in order to increase its value, attract buyers and sell your home more quickly.
Advising sellers on whether minor improvements are beneficial for them when selling, is information I provide all my sellers. Understanding what home improvements and updates yield the best ROI, while not over-improving for the neighborhood or market conditions, will provide you top dollar.
Still not sure how to proceed? Call me...I'd love to help!
Mobile: 919-675-5366
E-Mail: Jean.Scott@kw.com
Two Locations to Better Serve You:
Raleigh: 4700 Homewood Ct., Suite 200, Raleigh, NC 27609
Wake Forest: 1744 Heritage Center Dr., Suite 201, Wake Forest, NC 27587
