Most sellers have two goals in mind when they place their home on the real estate market. They want to sell their home as quickly as possible and for the highest return on their investment. How do I s…Read More
Why Upgrade Your Home?
Home improvement comes along with the territory of owning a house. There are many reasons homeowners decide to upgrade their home. Maybe the home is feeling worn and the owner is looking to give it new life with the anticipation of many more years of enjoyment. Others may have an eye towards Homeowners preparing to put their home on the market are interested in what updating and maintenance projects will have the best return on investment (ROI) and ensure they get the highest possible price for their property. Homeowners want to receive compensation for the work they put into their home.
Upgrades for the Kitchen
Kitchens are one of the most important rooms that potential buyers look at. The kitchen can be a deal breaker when it comes to whether or not a potential buyer makes an offer or chooses to keep looking. As a homeowner, you don’t want to break the bank with upgrades on a home you aren’t planning on staying in. Fortunately, there are simple ways to update your kitchen. The extent to which you upgrade your kitchen is entirely up to you and your unique situation. The following are suggestions to think about.
Replace worn out and dated appliances. If the appliances in the kitchen do not match or are old and outdated, replacing with new appliances can give your kitchen a new atmosphere. A fresh coat of paint or stain on the cabinets will give the kitchen a fresh, clean feel. The same goes for the walls in the kitchen. A fresh coat of paint can liven the room. The simple act of changing out the hardware on the cabinets and drawers can give the kitchen an updated look. The same goes for the kitchen faucet. If you want to take it a step further, updating the lighting and upgrading the backsplash increases the attractiveness of the room.
These are relatively simple fixes that do not require a complete remodel of the kitchen but can make a huge difference in the appearance and feel of your kitchen. To what extent you choose to remodel and upgrade your home depends on your kitchen’s unique situation, budget, and ROI. An updated kitchen has the potential to give as much as a 70% ROI.
Updates to the Bathrooms
A homeowner does not have to completely remodel the bathroom in order to freshen it up and give it a new look when preparing to place the home on the market. Here are some simple ways to give your bathroom a new updated look. A new coat of paint will freshen up any room, and the bathroom is no exception. Refinishing the vanity and replacing the faucet and hardware can make the vanity look like new. If the flooring is outdated, updating it is a simple fix that will give the bathroom a completely new look.
Updating the lighting fixtures, hand towel, and towel rack are other simple updates that can be made. Replacing the showerhead, retiling the shower and either replacing or deep cleaning a grimy shower door can make a huge difference in the way the room feels. The addition of storage, such as a medicine cabinet or a freestanding piece of furniture can add to the functionality of the room. A clean, fresh, updated bathroom is a great way to add to the appeal of your home.
Upgrades to the Bedrooms and Living Areas
When it comes to updating the bedrooms and living areas the concept of a new coat of paint to freshen the room applies in these rooms as well. Here are some other details to take into consideration when updating your bedroom and living areas. Replacing worn out or outdated flooring will give any room new life. In the bedrooms, upgrading closet doors is a simple fix as is updating the lighting fixtures and ceilings. Depending on your situation and budget, adding architectural detail to your home, such as crown molding will add character.
When it comes to upgrading your home, paying attention to the outside can be just as important as the inside. For starters, be sure the exterior of the home is fresh and clean. Consider a fresh coat of paint to the outside of the home. Updating windows and doors, not only increases the appeal of your home but also increases energy efficiency. Repairing and updating the driveway adds to curb appeal. A well cared for and manicured lawn adds to the overall attractiveness of the home.
Creating a desirable outdoor space can add value and appeal to your home. If your home already has an outdoor space, consider freshening it up. This can be accomplished in many ways depending on your home. If it is a patio or deck, consider repainting or updating the flooring. If your home does not have an outdoor space, the addition of one, even if it is a simple deck can add value to your home. The exterior of the home is vital when it comes to first impressions. After all, buyers will see the outside of the home before they ever step foot through the front door.
Deciding what and where to make upgrades in your home when preparing to sell can seem like a daunting task. Keep these tips in mind. Pay attention to the needs of your home, budget, and ROI. Each home and market is unique. When choosing paint colors, hardware, fixtures etc. it’s okay to add color, personality, and character, just be careful not to choose anything too extreme. The goal is to appeal to as many home buyers as possible.