If you have made plans to have the home listed, you will need to start looking into how you can increase its value. Often, the more money that the sale can bring in, the better off its seller will be.
Traditionally, the chief reason why homeowners fail to commission remodeling projects is because of their excessive costs. But this doesn’t always need to be the case! It’s still possible to make some upgrades without breaking the bank.
Some of the top upgrades you need to consider for you to add some serious value to the home include:
1. Kitchen Renovations
For most homeowners, the heart of a home is in the kitchen. Making updates to this area will likely pay off when the time to sell arrives. According to HGTV, homeowners should be prepared to recover between sixty to one hundred and twenty percent of their investment.
However, the only way to guarantee you will recoup the renovations’ costs is to keep the additions reasonable. Don’t attempt to make your kitchen fancier than other parts of the home or other houses in the neighborhood.
2. Refresh the Whole House with a Coat of Paint
Applying a new coat of paint is a sure way to help you raise the home’s value before having a house valuation performed. The new paint coat will help all the rooms appear new as it gives them a new life lease.
The key to making it work for you is not to get overly excited when selecting the colors to apply. Those who want to sell as soon as possible will want to stick to shades capable of appealing to a larger audience—neutral shades.
But this isn’t to mean that any neutral shade you pick will work. A study conducted by Zillow on the subject established that homeowners should try to avoid colors like terracotta and dark brown when painting the house interior.
It was established that people looking to buy houses aren’t interested in houses having such colors.
3. Adding Fresh Veneer or Siding
According to a recent study carried out by Remodeling Magazine and dubbed 2020 Cost vs. Value Report, adding fiber cement siding can see an owner recoup up to seventy-eight percent of their initial investment.
Fiber-cement siding is made from a combination of cellulose fibers, cement, and sand. Aluminum is known to fade and dent, while vinyl tends to warp, split, and crack over time.
On the other hand, easy-care fiber cement siding can hold its own against weather elements. It’s also resistant to termites, rotting, and fire. For homeowners who prefer a masonry look, they can incorporate a manufactured stone veneer to raise the value even further.
4. Enhance Your Decks with Lighting
The fact is that not all homeowners will have the funds needed to hire a contractor to assist them in implementing some of the desired changes. They will, therefore, need to take on some DIY projects.
Landscape lighting is a project that any homeowner can tackle. It may seem complicated at first, but any DIY beginner can easily handle the installation of low-voltage lighting systems on their decks.
Making the home deck the focus of your attention means that the added visibility will also come with an extra safety level. You shouldn’t have to worry about getting electrocuted as low-voltage systems are traditionally safer than your standard household wiring.
5. Install a Modern Dishwasher to Help You Conserve Water
When was the last time you upgraded the dishwasher in your home? That decade-old dishwasher may be causing irreparable damage to your monthly water and electricity bills. If you have had the washer for more than a few years, consider upgrading it.
You need to invest in an Energy Star rated dishwasher. It’s a modern dishwasher capable of saving you more than five hundred gallons of water annually and over thirty dollars a year on your electric bill.
If you haven’t installed a dishwasher in your home, you should note that you are using forty percent more water every time you do the dishes by hand. The good news is that any person can install a dishwasher in a matter of minutes without having to call a plumber or electrician in Monroe.