Want to List Your Home? Do These Property Value Boosting Renovations First
By Natasha Burton
The thought of doing renovations before selling your home can be a bit groan-inducing, right? After all, you’re looking to leave this house, so why put in the time and money to update it now? I’ve been there. In many cases, however, doing a few simple projects before listing your place can indeed pay off in a higher purchase price. Being competitive with other houses in your neighborhood can boost your property value and entice more buyers to make competitive offers.
You don’t need to break the bank to make your home look its best. The following upgrades give the most bang for your buck.
Repaint Your Front Door
Curb appeal goes a long way when it comes to boosting property value. Getting buyers to your door is in fact the first step to selling your home. So, giving your front door a new coat of paint, preferably something vibrant, will entice people to want to check out the inside. Planting some new landscaping, refreshing old steps or railings, putting up new house numbers and adding other exterior touches can also increase the visual interest of the front of your home. Making a good first impression on buyers is worth the work.
Refresh Your Kitchen
While you may not have the funds, or the time, to complete a full-scale kitchen remodel, updating this space can really pay off, boosting your property value in the eyes of potential buyers. If your countertop is the biggest eyesore, replace it with a neutral, clean quartz. If your cabinets could use a good coat of paint, get a professional in to spray them a bright white, which will make the space look bigger. Even just clearing appliances off the countertops and getting rid of stacks of cookbooks and tchotchkes can help elevate the entire room. (Don’t forget to clear out your junk drawer, too, in case buyers decide to snoop around during a future open house.) If you do have a budget for a big renovation — and your kitchen really needs work — it may be worth allocating some hefty funds toward this room, since savvy buyers often covet a chef-worthy space these days.
Remove Outdated Details
If you have an older home that appears stuck in the past, you don’t need to do a ton of work to bring it up to date. An affordable way to refresh your space is to update light fixtures, cabinet pulls, door knobs and other small details. By unifying your home through common finishes, you create a more cohesive look overall. Pulling up old carpet and replacing it with wood-like vinyl or bamboo can also be a cost-effective way to make your home look newer and more current.
Clearly Define Each Room
Be sure that every room in your home has a clear purpose and function. An unfinished attic space or a crowded basement will turn off buyers if they can’t figure out how to make these rooms useable. As needed, renovate rooms that serve multiple purposes (or don’t seem to serve a purpose at all). Create a playroom or family room in the basement if your neighborhood tends to attract young families. Or finish an attic space into an office or bedroom to entice buyers with an extra room.
After You’re Finished
Before putting up that “For Sale” sign, put the finishing touches on your renovation by decluttering the whole home. Get rid of as many personal items as possible in anticipation of that open house. Create more of a blank slate — one that’s updated and attractive, of course — and entice buyers to really envision themselves in your home. Fresh-cut flowers add a touch of warmth and color to a space as well.
Natasha Burton has written for Women’s Health, Livestrong, MSN.com, Cosmopolitan.com and WomansDay.com, among other print and online publications. She’s also the author of five books, including “101 Quizzes for Couples” and “The Little Black Book of Big Red Flags.”