Which Home Improvements Add The Most Resale Value?
Which home improvement items will add the most value to your home to help with resale when the time comes to list it for sale?
The answer is: “Only the ones that future buyers will also want and be willing to pay you for.”
Generally, the rule is to choose functional features over the merely cosmetic, and choose neutral colors over the unusual or exotic. Taste and current trends can also affect the value of an update. You may enjoy them while you live there, but unusual colors may prevent future buyers from being able to see there furnishings fitting at your home.
Now to which updates will add the most resale value to your home?
- Update your bathrooms and/or kitchen. Whether you need a major or minor remodel, updating the bathrooms or kitchen in your home will yield a much high return on your investment. Try to stay "timeless" with your updates, but also pay attention to some current trends. Check out current magazines and websites to get style tips.
- Add more usable space. If you can, upgrade or expand your kitchen and/or master bedroom suite, add an extra bathroom, add more closet space, or convert an unused space to a more functional space, like a spare bedroom to a home office, or basement into the ultimate family room.
- Brighten and lighten your rooms. Repaint rooms white or with a light color paint to neurtalize your living space. Add French doors, skylights, or windows.
- Dress up the exterior. Updated landscaping will always draw in buyers before they even walk through the door. Keep your grass, shrubs, and trees, trimmed and tidy. Add a splash of color with vibrant flowers and plants, or by painting your front door an eye-catching color. Is it time for new hardware Consider a focal point like a flagstone walkway or a water feature.