Which items will add value to your home and help with resale when the time comes to sell?
The answer is: “Only the ones that future buyers will also want and be willing to pay for.”
As a general rule, choosing the functional over the merely cosmetic and choosing neutral over unusual or exotic will pay at resale. Taste and current trends can also affect the value of an update. Unusual colors have a limited appeal.
Which updates will add the most value to your home?
- Update your kitchen and/or bathrooms. Whether you need a minor or major remodel, updating the kitchen or bathrooms in your home will yield a high return on investment. Stay timeless with your updates, but also pay attention to trends.
- Increase usable space. Add an extra bathroom, upgrade or expand your kitchen and/or master bedroom suite, add more closet space, or convert unused space to be more functional, like a spare bedroom to a home office or basement into the ultimate hangout space.
- Lighten and brighten your rooms. Paint rooms white or with a light color paint to neutralize your space. Add skylights, windows, or French doors.
- Revamp the exterior. Updated landscaping will draw in buyers before they even walk through the door. Keep your shrubs, trees, and grass trimmed and tidy. Clear beds of weeds and update mulch if needed. Add a splash of color with vibrant plants or paint the front door an eye-catching color. (There have been studies that have shown a black door leads to higher offers than any other color.) Consider a focal point like a flagstone walkway or a water feature. Lastly, touch up any areas with paint on the exterior or powerwash if needed.
Often the biggest bang for your buck comes from a clean and clutter-free space, but every home is unique, which is why it is helpful to have a professional agent to collaborate with. Please reach out when ready to go over your home and decide your best course of action. Below is a checklist we have created to help you when it comes time to prep your home for sale.