Top Five Interior Improvements to Raise Your Home’s Resale Value
/Thinking about making home upgrades? Think style AND smarts! The right home remodeling projects will not only give you a home you love, they’ll also pay off in the long run by increasing your home’s resale value. To figure out which projects would give you the greatest return on your investment. Here are 5 fantastic interior home renovations you can make to create a home you’ll love now and will appreciate if ever you choose to sell!
#1 MINOR KITCHEN REMODEL
Remodeling an outdated kitchen will yield the best return when reselling one's home. Using good-quality finishes in neutral tones is always recommended. There's also no need to overspend on appliances and finishes that will not be appreciated by the new buyer. Forego the $10,000 French range or $20,000 Italian refrigerator when buying appliances. Most important? Make your new kitchen as non-specific in color and style as possible so that it appeals to the widest possible audience of buyers. Kitchens are the most expensive room in the house when renovating but also the most important.
– Adam Taylor
#2 UNIVERSAL BATHROOM DESIGN
Universal design means your bathroom is accessible and safe for everyone regardless of age or physical ability. Slick surfaces, tight spaces and hard materials make the bathroom one of the most dangerous rooms in the home. Fortunately, all it takes is a few adjustments to minimize risk and give your bathroom a universal design that will make it safer for your entire family and increase your home’s value.
– Emily McCrary-Ruiz-Esparza
#3 MINOR BATROOM REMODEL
Whereas the universal bathroom design is about functionality, a minor bathroom remodel is about style and appeal. If you have a higher budget, hiring a plumber to help you update your fixtures––the tub, shower, faucets, and sinks––is a good idea. For a little less money, especially if you do it yourself, adding ceramic floor tiles is a project that can add instant character (and value!) to a bathroom.
– Melissa Leifer
#4 Major Kitchen Remodel
According to the National Association of Home Builders’ 2017 Home Buyer Preferences report, 82% of homebuyers are looking for eat-in kitchens to entertain guests and enjoy family meals. Knocking down walls, moving around appliances, and adding a kitchen island may seem like big investments, but these kitchen remodel ideas will pay off in the end. You’ll have a warmer, more family-friendly space for you, and a better offer for future buyers.
– Lisa Stewart
#5 Living Room Updates
When prepping your home for sale, it is important to realize that many potential buys will have different needs in a living space than you. It's important to create a space that allows potential buyers to visualize putting their own stamp on the space. Ripping up any carpet and laying down floors is extremely helpful- buyers today just aren't looking for that and although a relatively simple process, it can seem daunting to first-time homeowners. If you are looking for something minimal with maximum effect, paint your home white! Everyone's color palette is different, so that red/navy/off-white you love, may shrink a room or create a situation where an offensive color turns a buyer off.
– Jessica Milton