If you know where to spend money in your home improvements, you can recover almost 80-90 percent of the money spent on home renovations. Spending lots of money on the renovations does not guarantee a high resale value. So, check these ways to know how to get the best value for your investment on your home.
Consider kitchen upgrades for buyer appeal
Image via: Harvest House Craftsmen
Bathroom and/or Kitchen Improvements
Remodeling the bathroom and the kitchen is a quite surefire way to get a good return on your investment. The total renovation of a bathroom can be costly. So, opt for simple and less expensive overhaul. You can replace the vanity and toilet and spare the bathtub because it is very expensive. Otherwise, install new fixtures like towel bars and faucet, put down a vinyl floor, and leave the rest.
An out-of-date kitchen is hard to sell but a complete kitchen renovation takes a fortune. So, think smart and work on some specific areas so that it uplifts the face of the entire space. Focus on small improvements like painting the cupboard doors, replacing the sink, making window treatments, getting new countertops, updating the appliances, etc.
Increase the Curb Appeal
Improving the curb appeal of your home is the first opportunity to make an impact on your guests or potential buyers. Adding curb appeal may be insignificant in monetary value but it will help selling the place faster. Painting your front door, sprucing up the patio, making a nice green lawn, using new fabrics, buying new appliances, etc. are good but frugal ways to add to the curb appeal.
Curb appeal ideas for selling your home
Image via: Hursthouse Landscape Architects and Contractors
Avoid Personal Preferences
Think from the buyer’s point of view while making the upgrades. Do not let your personal preferences to make their way into the renovation project. You can add swimming pools, hot tubs, backyard ponds, wine cellars, and other amenities in your home but do not expect the buyers to be willing to pay a premium for them.
Consider the economic climate, the perspective of the buyers, and the housing market before upgrading your home for selling. Do not over improve or under improve your home in comparison to other ones in the neighborhood. Find out the standard features of houses in your area and add them into your home improvement project.
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Thanks for visiting our real estate blog. Do you need assistance with buying or selling a home, relocating for a new job or considering an investment property in the Champaign-Urbana area? Call Josh at CU Realty Group, LLC today at (217) 202-0571. Our team of trusted advisers will provide you with the expert counsel needed to make a more informed decision.