If you are in the market for selling your home, it may be a good idea to upgrade the interior and/or exterior of your property with some renovations.
With the rising prices with many suppliers, it is a good idea to start on some of the renovations now rather than later, to capture the most value.
Smaller renovating projects that Increase the Value of Your Home are:
- A small kitchen remodel like upgrading your kitchen lights or resurfacing current cabinets.
- Replacing old caulking in the bathroom and changing the towel racks, storage and hardware.
- A coat of paint.
- Update your curb appeal with a new front door, and landscaping/lawn care.
- Replacing an old garage door will improve your curb appeal.
- Installing a new water heater or water softener.
If you have budgeted for bigger remodelling projects, here are some upgrades that will instantly add value to your home.
Outdoor Renos
Fences: A new fence can increase the value of your home and also adds curb appeal for families with kids and pets. It will add more privacy and keep kids safe.
Deck: You can see upwards of an 80% of the price of the deck added to the value of the home.
Fire Pit: Fire pits add real value for potential buyers. They show how the yard can work and are a nice addition if showing a home in the cooler months.
Indoor Renos
Bathrooms are one of the most popular home improvement projects. Give your bath an updated, modern look by replacing outdated cabinets, fixtures and lighting. Be sure to change the old plumbing.
Make energy-efficient updates and think of future-proofing your bathroom with a shower bench or adding a bench in the shower to show potential homebuyers that they can “age in place.”
Replacing Old Windows
Replacing existing windows with energy-efficient ones can save the homeowner a significant amount of money in heating and cooling costs.
It can be somewhat expensive if there are a number of windows; however, it is a good investment you will recover.
Choose the most energy-efficient windows; it is possible that the installation cost will be offset by how much you save over time on your heating and cooling.
