One of the most important factors to consider while acquiring a home is its potential resale value. But then, homeowners looking to become home sellers in the future must effect some renovations and improvements to increase their homes’ resale value. Here, we highlight five of the most profitable renovations that will improve the value of your home.
1. Improve Landscaping and Walkway
The saying, “do not judge a book by its cover,” does not apply here because potential buyers start evaluating your home from the moment they step out of their vehicles. Therefore, to make your home more appealing, you should consider revitalizing the surrounding landscape and creating gardens where you can plant beautiful bright flowers and shrubs. Also, ensure that the walkway is in excellent condition. Fix cracks in the pavement appropriately, and rid the walkway of dirt and dead leaves.
2. Siding Renovation
The siding of a home is also crucial when deciding the value of a home. The siding is subject to all weather conditions and can quickly be seen as loose and worn out. The siding must be tended to. A renovated siding makes the home appear newer, more beautiful, and significantly more valuable. Consider using new fiber-cement siding or vinyl siding.
3. Kitchen and Bathroom Remodeling
The kitchen is one of the most frequently used rooms in the home, and a beautiful, modern, and spacious kitchen makes your home more desirable for potential buyers. Simple remodeling such as modern appliances, lighting, and cabinets will do a lot to increase the value of your kitchen, subsequently increasing the value of your home.
Like the kitchen, the bathroom is also a sacred part of the home. It may not be visited as regularly as the kitchen, but it is equally important. Adding a rustic feel to your bathroom has proven to be the new thread, and you can achieve this by adding simple decoratives like a mirror or a wooden rack. Homebuyers will notice every improvement made to the bathroom and kitchen because they tend to pay special attention to them.
4. Doors And Windows Replacements
New and improved doors and windows add a new feel to your home. They make the home more attractive to potential buyers. Completely changing your windows and doors may seem expensive, but research has shown that you can recuperate up to 85% of the cost when selling the property. New windows and doors also make your home inviting to new buyers.
5. Creating Added Spaces
Creating additional spaces or revamping spaces that already exist adds more value to your home. Creating a home office, children playing ground, or building more toilets or bedrooms in addition to the home’s original design makes the home more attractive to potential buyers. Making adequate use of fringe spaces like the basement and attics of the home also seems to increase the home’s square footage.
Buying a new home can be perceived as acquiring a new business enterprise. The money and time spent on renovations of the home are necessary endeavors to further increase the value of your investments to make maximum profit for the eventual sell-on.