When listing your home, keep in mind that there are certain features home buyers perceive add more value to a house than others.
As always, location seems to be at the top of the list for what buyers perceive to be the most valuable aspect of any property, however that can’t be changed, so let’s focus on what can!
In the past, we’ve learned that replacing yard maintenance, fresh paint, and various other updates are proven ways to increase your home’s listing price, but it could also be well worth it to make renovations that buyers regard as value-boosting to enrich the sale.
Here are the top 4 renovations with the biggest perceived ROI:
Whether it’s new appliances, flooring, cabinetry, or a full renovation, the kitchen will provide the highest ROI in the home.
A modern, spacious kitchen with ample cupboard space and long-lasting countertops and appliances is attractive to all buyers.
If your kitchen needs an update and you have the time and money to invest before selling, this is highly recommended, you could turn your investment into a $25,000+ profit.
Open It Up
Open floor plans are the most popular layouts for buyers.
Taking down a wall to open up space between the kitchen, living room and dining room could increase the value of your home up to $10,000.
Be sure to have a professional do this work and apply for any permits required, in advance.
You may need to update flooring and painting once the wall has been removed, but these added costs will definitely pay off when it comes to sell!
Adding an enclosed garage not only keeps your vehicle safe but also adds additional storage space and bonus square footage to the home.
Increased storage space is a bonus for any home and is something buyers will appreciate and be on the lookout for.
Resurface the Roof
Replacing a roof seems intimidating, but new shingles can affect the overall quality (and longevity) of your house.
You’ll definitely want to call in the pros for this job; a leaky or damaged roof can cause unimaginable damage and stress to any homeowner.
Additionally, a resurfaced roof will be much more aesthetically pleasing to buyers and tie in with your curb appeal. Remember, your home only gets one chance to make a first impression!
If you’re thinking about selling your home and want to ensure you get the highest price possible, contact us to come take a look and we’ll give you some ideas on what can be done to increase the value.
While these are larger renovation projects, there are plenty of smaller and more affordable ones that can be done and we’d be more than happy to offer you some tips.
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