Has a real estate agent suggested that you complete a few home improvement projects around the house before listing your home to increase its value? If so, it’s important that you figure out which renovations will provide the highest return on your investment before you begin. Should you do a full kitchen renovation? Or is it better to stick to just a fresh coat of paint? If you’re completely lost, there’s no need to panic! Start by tackling these projects:
Even though landscaping provides no real function to the buyer, it is still well worth the investment. Why? There’s no way that potential buyers will ever be motivated to come inside your house if it doesn’t look appealing from the outside. The best way to add curb appeal is by brightening your lawn with flowers and adding height and with varying shrubs and bushes. You don’t have to spend a fortune on landscaping for it to look decent, but you should spend enough to make a noticeable difference in your yard.
Energy efficient upgrades.
Any kind of upgrade that makes your home more energy efficient will be attractive to today’s buyers, so it is well worth the investment. If you have a bigger budget, consider switching out your kitchen and laundry room appliances for energy efficient models that will reduce monthly utility bills and your carbon footprint. If this is too pricey for your home improvement budget, don’t get discouraged. Opt for cheaper energy efficient projects such as adding insulation to your hot water tank or attic.
Upgrade the lighting.
Perhaps the cheapest and easiest ways to increase the value of your home is to upgrade the lighting. Take out any lighting that’s unflattering, too dull or too bright. Install dimmer switches wherever you can so buyers can choose the mood that they want to set in their new home. In areas like the kitchen, entryway and dining room, choose stunning light fixtures that make a statement and grab the attention of buyers who walk through your home. By making these changes, you are increasing the value of your home without much effort!
Adding a second bathroom.
Do you have an extra closet underneath the staircase that you rarely use? If you have any unused storage space in your home, a wise move would be to convert it into a second bathroom. You don’t have to turn it into a full bathroom, even a half bathroom designed for guests visiting the house will increase the value. The cost of this project will depend mainly on what materials you use for the countertops and flooring. You don’t have to break the bank here to see a return, so choose a durable material with a classic style, but don’t go for top of the line materials.
For more advice on real estate and home improvement projects, talk to the pros. Contact our team of real estate experts at Coast 2 Coast Realty who have years of experience listing and selling homes in the Tampa area.