If you’re ready to put your home on the market, you'll likely want to sell it for as much money as possible. Besides doing market research to determine how you should price your property, there are also improvements you can make to your home to boost its asking price. Learn to tell the difference between worthwhile upgrades and those that are a waste of time..
One of the best things you can do is add a new bathroom or upgrade your existing master bathroom. If you can’t add a full bath, see if you have the space for a half bath instead. In either case, you can design your bathroom online using free design software. Doing so lets you see how the space will look before you make a final decision or hire a contractor.
Most potential buyers will scrutinize the appearance of your kitchen. A fresh coat of paint, energy-efficient appliances, and new countertops go a long way in increasing the overall value of your home. Even if you don’t plan on selling your property anytime soon, an energy-efficient stove, dishwasher, and fridge can help you save money on energy bills.
You might not have the budget for major and extensive improvements as mentioned above, but you can still add value to your home by installing energy-efficient windows. Low-E windows keep warm and cool air in your home during the coldest and warmest months of the year and will help drive down energy bills. Be sure to check out tax credits while exploring these options.
We all would like to think that any improvements we make to our house will add to its value; however, although every improvement is good, they don’t all add value. Every home will need repairs and maintenance from time to time, so repairing a broken door or painting a room doesn’t necessarily add value, it only prevents a home from devaluing. After all, know one wants to sell their house at a discount. Also, adding new items such as a new fence or even a swimming pool may not add more value than you paid for them to be installed.
While you might not like spending money on major renovations to increase the value of your home, know that it’s entirely possible to earn back the money you spent. If you decide to sell your house, you should be able to increase the asking price beyond what you paid for improvements. If you decide to stay in your house, the savings in energy costs will help to regain the funds you spent..