2018 has been a great time for those who are interested in selling their home. With more individuals looking to settle down in certain areas, there are homes that are being snapped up for thousands over their asking price within weeks of being posted.
If you are one of the many homeowners who is interested in selling your home this year, you may be wondering how to get the most bang for your buck. While there is little doubt that your gem of a home will be snapped up within a few months, there are a few upgrades that you can do now that will spell big bucks down the road.
Bathroom Remodel
You can either completely overhaul the bathroom for a new look and all-new appliances or you can do a smaller remodel that will still push up your price point. Re-caulking your tube or reglazing it doesn’t take more than a few hundred dollars and adds a layer of sparkle to the room. You can also upgrade the walls with new paint or texture and replace older and dated shower doors.
Add A Porch, Deck, or Patio
Adding a porch, deck, or patio to your home can greatly enhance the value and attractiveness of your home. You can continue to increase the price point that you can ask for by adding interesting gates, decorative planters, and attractive lighting. For additional purchase appeal, you should ensure that your handrails are safe and that the new outdoor section is handicap accessible.
Transform Your Attic Into a Room
Adding another room to your home can seem a daunting task but it is far easier if you are just converting your attic into a living space. It can add up to $40,000 to your resale value if you add another room and can cost far less if you have the ability to do any of the work yourself. You should also focus on any green incentive programs in your area and add solar energy for a tax refund or a discount on property taxes before you sell your home.
Kitchen Remodal
You don’t have to go big on this remodel if you don’t have the extra cash but you can still gain a large payment with a little effort in this room. Many first-time home-buyers are invested in having a well-rounded kitchen and focus on this room above all else. You can give your kitchen a serious re-vamp for as little as $5,000 by replacing old appliances, putting in a new countertop, replacing the flooring, and applying a fresh coat of paint to the walls. These little touches can make your kitchen look more inviting to those who are seeking a new space.
Landscaping
Making sure the outside of your home has curb appeal will generate a lot of interest in potential buyers. Make sure that you have a good strategy before you begin to landscape your yard. Focus on making sure that your landscaping choices fit the style of your yard, choosing lower maintenance plantings, and planting trees and flowers that will bloom at different times in the season.
By following these tips, you will see a large return on any investment that you make in your house. Remember that even though the housing market is currently firmly in support of sellers, there is no reason to slack off. Choosing to put in some time and energy as you upgrade your home will give you the type of return that you are seeking.