Thinking about selling your home and moving on to greener pastures? You want to make as much money as you possibly can from selling your home to accrue the funds needed to purchase the home of your dreams.
You have a renovation budget ready, but what should you spend it on to increase your home’s value the most? Here are a handful of top tips for increasing your home’s value.
Focus on the Areas That Matter Most
If you want to increase your home’s value, you should focus on the areas of the home that matter most. Think—what do most house hunters want? A beautiful and functional kitchen, a bathroom where they can relax and unwind, a roomy master bedroom, and a finished basement are common high priorities. Conversely, not many house hunters are looking for a chandelier in the garage or a cat obstacle course that stretches from floor to ceiling.
For the best return on your investment, spend your renovation money on improving the main areas of the home instead of adding niche details that could be a hit or miss.
Aim For Efficiency
Another top tip for increasing your home’s value is to make it eco-friendly. Energy-efficient homes are valuable in the eyes of eco-conscious and cost-conscious buyers. Energy-saving appliances, lighting, and windows reduce a home’s environmental footprint as well as the cost of monthly utilities. Score—two birds with one stone!
When you’re out shopping for any of the above, look for products that are EPA-Energy Star certified. These products are deemed highly energy efficient by the Environmental Protection Agency and Department of Energy.
Replacing regular fixtures and appliances with Energy Star devices will save you money while you still own your home and make you money when you sell it.
Cover Up Imperfections
The cabinets and counters in the kitchen are outdated, the interior walls are scratched and stained, and the siding outside is dirty and discolored. Fortunately, there’s a one-size-fits-all solution—a brand-new layer of paint!
Paint is fantastic for those who want to cheaply and easily boost their home’s value. An interior paint job comes with a whopping 107 percent ROI while an exterior paint job offers a lower, but still excellent ROI of 55 percent. Get in touch with a contractor, pick out some nice hues, and bask in the instant profit!