If you have come across this article, chances are that you are planning to sell your house sometime soon, or you have it planned somewhere along the way. While reselling a house is a difficult task, we often want to get a certain amount of profit on the deal, so we can invest in a better location or a living situation.
In order to do so, you need to make improvements that will increase the price of your house and result in a sizeable profit. Here mentioned below are seven home improvement ideas you should consider, if you are looking for a reasonable increase in the profit.
While doing renovations and improvements, one thing you should keep in mind is that your house should be in sync with the neighborhood. You should not upgrade your house to the extent that it looks like the odd one out. If you do so, it can lead to sabotaging your chances of selling your house.
1. Refresh your paint:
The first most affordable option that you can go for is refreshing your paint. Not only will it change the look of the house altogether, but it is also the cheapest way you can bring about a significant change. Try to go for the most recent colors in interior design magazines. Try not to go for any bright colors as they might not go with your existing furniture, and that can lead to a disaster. Go for neutral colors in the lounge and the kitchen. Bright colors are better suited for bedrooms.
2. Upgrade your kitchen:
The second thing that you should work on is your kitchen. Once, you have got it painted, it will already look significantly different. Now you need to invest in counter tops and cupboard doors if you think they need to be updated. Try to go for marble kitchen tops as they add a lavish look to your kitchen. Apart from that, try to update your appliances and the plumbing in the kitchen. Make sure that there is no problem regarding the plumbing.
3. Upgrade your bathroom:
The bathroom is one of the most important rooms in your house, and it definitely needs an upgrade if you want to increase the resale value of your home. The first thing that you should do is see if you have space or a room in the house to add a new bathroom.
An additional bathroom is sure to raise the price of your house. If you cannot, you have to invest in upgrades for your bathroom essentials. You should get it painted and get the faucets checked. Apart from that, you need to upgrade the basin and the toilet. A macerating toilet is sure to change the look of your bathroom and make it seem lavish. Click here to learn more.
4. Focus on landscaping:
Landscaping is also an important aspect of upgrading your house and adding value to it. Make sure that your yard is properly maintained, and has well-defined paths and boundaries for the flower beds. Try to make it a DIY project as hiring help will make it more expensive, and it might not add as much value as you expect. Landscaping also adds curb value to your house as the first impression that the buyer has from afar can affect his decision unconsciously.
5. Upgrade your doors and windows:
You only get one chance to make the right impression. So, try to invest in a brand new front door and update the windows. Make sure that the window sills are cleaned and the windows are in great condition. If you think your front door is in good condition, and you think you do not need to waste money on it, you can go for updated and more recent styles for door handles and get the door polished.
6. Upgrade your wiring system:
One thing that will significantly impact the buyer’s decision is the quality of your wiring system. Make sure that the wiring is up to the mark. You can also invest in new technological advancements such as smart home systems that can assess the weak areas in the wiring system and give you only certain areas to focus on. This can lead to an increase in the resale price. People tend to put safety in high regard, so make sure that the wires that you use are of high quality and can handle the electrical needs of the house.
7. Energy-efficient power source:
Another way, you can increase the value of your house is by going solar. Switching to a renewable energy source will get your house to become a part of an exclusive and limited list of options catering to people who want to move to an environmental friendly option. A renewable energy source will also affect the amount of electricity dues that you pay and to a certain degree, contribute to regulate the temperature of your home.
Realtors say that it can increase the value of your home by $25.000. However, you should make sure whether moving to a renewable energy source is possible in your area or not. If you have heavy rain nine months of the year, you should not invest in this option. As it will not produce enough energy to cater to the household needs. If done in the wrong place, it can also drop the resale price by a significant amount.
If you have gone through the aforementioned list, you now have an idea of where to get started. You should know not to get started on everything at the same time. Start one and move on to the next only when the first is finished. This way, you will have time to manage the financial conditions too.
Before getting started, you should consult a professional how much each improvement will increase the value of your property depending on the place where you live. Once, you have got a rough estimate, you need to calculate your financial expenses and make a well-informed decision regarding what is worth the investment and what can be compromised on.
About the Author:
This post is written by Andrea Smith. She loves traveling, home decorating and hanging out with her friends. She is currently a student of Interior Designing at the California Arts School. She regularly writes blogs at https://homeaddons.com/.