Everyone selling a home would like to pad the profit margin and get a premium price for the property. Yet, buyers alternatively wish to make sure they’re ending up with a deal. Fortunately, it’s actually possible to make both parties happy at the closing table. It all begins with a truthful look at the house and careful evaluation of just how well it matches up with the potential buyers’ expectations. Using these renovation suggestions for obtaining the best selling value help sellers prepare their properties for a big sale.
Ways to Renovate Your Home for optimum Value
Make the first impression memorable.
When you’re thinking of real estate, first impressions count. The truth is, many buyers decide within a few minutes whether or not they want to add a home to their short list of options or ignore it altogether. Because of this, spending some time and money on the entryway pays off. The to-do list for this task ought to include the following:
Take down old spider webs.
Sweep the floors.
Add a coat of paint to faded floors.
Remove or replace broken furniture.
Repair broken doorbells.
Spruce up the area with potted plants, flowers, and throw rugs.
Install an awning or portico over the front door.
Homeowners who don’t have the time to clean themselves should employ a professional cleaning service to do this for a couple of hundred dollars. One last consideration for the entry area is replacing the existing door, particularly if it shows indicators of age like, is drafty, or doesn’t fit the house’s architectural style. This project has minimal costs and brings a 75 to 100% return on the investment.
Allow the house room to grow.
Generally speaking, buyers still prefer houses with open floor plans that provide flexibility. As outlined by Consumer Reports, millennials say this is the second-most important characteristic they look for in a home. To produce this, sellers can remove non-structural walls like a partial divider between a kitchen and living room or replace a bulky kitchen island with a portable one that frees up room in the center of the kitchen. In small rooms, replace heavy drapes with shutters or blinds that create a streamlined look or install cabinetry or storage units to keep space-hogging clutter out of sight. Other ways to show off the flexibility of the floor plan include finishing the basement and converting the attic to an additional bedroom or office space.
Go green.
Today’s home-buyers also show involvement in energy efficient homes, while they view them better for the environment and more cost-effective over time. Since houses lose considerable heated and cooled air through inefficient windows and doors, sellers can boost their home’s value by replacing aging ones with energy efficient models. An alternative choice is to replace siding with newer material that is fade resistant and provides more insulation. One such product is fiber-cement siding. Even though it is more expensive than vinyl siding, it offers a stylish look and excellent durability. Other energy-efficient remodels include:
Replace traditional light fixtures with LED lights.
Add solar panels to the roof.
Replace an aging air conditioner or heating system.
Install tubular skylights to bring in natural light.
Add or replace insulation in the walls and attic.
Homeowners who are uncertain how energy efficient their homes are can hire a professional to evaluate the home. These people also can give suggestions for enhancing the energy efficient of the home.
Find the best floors.
Buyers inspect houses from top to bottom, and they do take notice of the surface they’re walking on. Sellers should replace broken tiles or damaged laminate flooring, scrub stains out of carpet, and spruce up natural hardwood. It’s also a good plan to eliminate mismatched floors or dated pieces made from vinyl or linoleum around the house. Updating the flooring doesn’t cost nearly as much as other home renovation projects, and it makes a huge difference in the look of the room. Natural hardwood and cork floors are favored by today’s buyers who want durable, yet Eco-friendly floors. Flooring is also a significant consideration for buyers who have concerns about allergens. In place of carpeting, the prefer hard-surface floors like laminate or tile since they are much easier to clean and don’t harbor potentially dangerous allergens.
Give the heart of the home some character.
Kitchen remodels still rank at the top of the list of most desired home renovations, which should be no real surprise considering that the kitchen is the busiest room inside. These renovations vary from simple upgrades of fixtures and hardware to complete remodels, such as replacing the following:
Cabinet and drawer pulls
Appliances and sinks
Flooring
Cabinets or cabinet doors
Counter tops
Faucet
Stainless steel appliances remain favored by buyers who like the sleek, modern look they bring to the room. Durable counter tops made from material like quartz and sustainable flooring like cork also score points with buyers.
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Have a questions or concern? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.
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