9 Renovation Tips to Boost Resale Value

Planning to sell your house this year? Remodeling can mean the difference between “for sale” and “sold.” But before you tear the whole place apart, be certain you’re investing in upgrades for which you’ll see a return. 

The most frequently used and commented upon room in your house is the kitchen, and that makes it your number-one renovation priority. Since an up-to-date kitchen helps entice homebuyers, money you spend in this space can usually be expected to find its way back into your wallet.

Even small, low-cost improvement projects can change the face of your home more dramatically than you might expect. For example, a fresh coat of paint will transform the character of a room. Likewise, replace outdated light fixtures or change the cabinet hardware for instant upgrades.

Keep your eye on what’s working for others. Market trends may provide clues as to whether buyers will respond to a remodeling effort you’re pondering. Data suggests, for example, that homebuyers are hot on modern bathrooms but lukewarm on home theaters. Also trending are water-conserving landscaping and new garage doors.

In trying to sell your home, appeal to the largest number of potential buyers you can. Hold off on painting the dining room a bold color, no matter how much you might love that shade of purple. Opt instead for an earth tone. Not only do neutral colors help buyers visualize themselves permanently living in a home that’s on the market, but subdued tones also easier to paint over. 

Do a little reconnaissance. Check out other homes in your neighborhood that have recently sold, paying special attention to those features that buyers have found most appealing. Knowing the details of how other sellers have been successful will help you determine which areas of your home deserve your attention first.

Don’t get caught in the home improvement trap of shelling out remodeling dollars you won’t make back upon resale. To be sure you’re spending wisely, ask a real estate professional for advice on whether or not to pursue a particular renovation you may be considering.

Know your limitations and avoid having to pay a contractor to fix your mistakes. If you’re not 100% sure you can handle a project, seek a helping hand at the outset. Doing so is likely to save you time, money, and heartache in the long run. As always, hire only licensed contractors for any home improvement project you decide on tackling.

Prospective buyers won’t even notice the great upgrades you’ve made if your house is a mess. Make sure the closets are organized to emphasize storage opportunities. Routinely swiffer the floors, dust the furniture, and clean the counters before open houses and showings for a neat and tidy presentation.

First impressions matter, so don’t forget about your yard when getting ready to sell your house. A new facade or front door are big projects that increase your home’s value, but little improvements like adding new plants make a big difference too!