So you’re thinking about selling your home, and you want to make sure you can get top dollar for it. You may be planning on renovating different areas of your home. This can be a great idea as long as you make the right renovations.
But what are the right renovations? We’ll go over all the renovations that will get you a maximum return on investment. Let’s get started.
Outdoor Renovations
The first thing potential buyers notice about a home is the curb appeal. Which makes sense seeing as first impressions tend to stick.
According to the National Association of Realtors, landscaping renovations can earn you a whopping 267% return on investment. This can be as simple as adding a few flower beds and reseeding your yard.
The NAR also reports that wooden decking can also have a large return on investment. With outdoor living being more popular now than ever, this would be a wise renovation to consider.
It may be tempting to add a pool but typically you can only expect a 40% return on this investment. While it’s nice to have a pool, you may want to reconsider putting one in just to sell the house.
Kitchen Upgrades
The kitchen is often described as the heart of the home. A few wise upgrades and renovations can add a significant ROI to your home sale. This can be as simple as upgrading your sink faucet, or cabinets.
Cabinets are usually the first thing to get outdated in your kitchen. With new cabinets usually come new countertops. In today’s market quartz is one of the most popular materials to use for countertops.
Your sink faucet can also become outdated pretty quickly as well. These can be replaced relatively easily as a DIY project as well. Be sure to get one that is both functional and stylish.
The Basement Full of Possibilities
In today’s market, not a lot of home buyers are interested in a rec area in the basement anymore. It’s probably a better idea to add a home office, as more people are now working from home.
These kinds of renovations can add a reasonable amount of return but it’s definitely not necessary.
Foundation and Other Serious Repairs
While you have renovation and repair on your mind now is a good time to find out about any major issues with your house. These can be a bit intimidating to think about but they can save you lots of headaches down the road.
Be sure you have no major issues with your foundation. Make any repairs needed immediately and before any cosmetic renovations.
You should also put some thought on redoing your roof. Some buyers might not want to make a commitment to your house if the roof is old.
Another rarely thought of renovation is having your HVAC system checked. This one isn’t as intimidating as the others. Simply contact an HVAC contractor and have them check it out for you.
Get Inspired with Us
We hope this short guide gave you some ideas on where to start your renovations. If you liked this article be sure to share it with your friends on social media.
Need more inspiration? Check out the other great posts on our blog.
