If you are remodeling your home, for yourself, or with the thought of resale in mind, making the right home improvements, can add value to the price of your home and attract more buyers.
Approach home improvement project on an “as needed’ basis. Some homes won’t require any remodeling, but may need something as simple as a coat of fresh paint either inside and/or outside.
If your home is older, the following are possibly some of the best home improvements you can make, to receive the biggest return on your money.
1) Repair or replace the roof – Use reputable roofing contractors
2) Repair, replace or repaint the siding – Call for quotes from licensed siding contractors
Kitchen remodeling often gives you a good return on your money. Stick with a budget. Overruns are easy to encounter.
3) Replace or repaint the kitchen cabinets. Painting is the least expensive option, followed by replacing or refacing the doors and drawer fronts of your kitchen cabinets. Home improvement stores offer many choices for new kitchen cabinets. Obviously, custom cabinetry will be the most expensive option.
4) Replace the kitchen counter top. Laminates are the least expensive. Other alternatives include concrete, granite, butcher block, tile, solid surfacing, glass, plus many other stone products.
5) Replace kitchen appliances. Currently stainless steel is popular, however, using white appliances provides for a clean look. Colors can”date” your kitchen. Choose carefully. Look for appliances with the energy star label.
6) Replace kitchen flooring. Vinyl is the least expensive. Other options include hardwood or tile.
7) Perform either a major or minor remodel to the bathroom(s). Check with a local bathroom contractor, hire a handyman for simple repairs and upgrades, or even do it yourself.
Homes with more than one bathroom are more desirable.
8.) Repaint, all rooms, as needed. Painting contractors may offer a discount if more than one room is being painted. However, painting is a fairly easy project so it could be added to the do it yourself list.
Keep in mind, if a buyer is looking at a new home, it will have a coat of fresh paint. Painting is an inexpensive way to update a room, and give it a clean look. Consider painting rooms that need freshening up, or rooms that are not painted in neutral colors, especially if you are thinking of selling your home.
Be aware, that following the current trends in major home improvement projects, can be risky. Trends can “date” a home. Neutral colors will appeal to most buyers. If you like the trendy colors, keep it to your decorating items…i.e. bedroom comforters, bathroom towels, rugs and/or window treatments, etc. These are items you can easily, and inexpensively change, in the event you decide to sell your home.
Anytime you are doing a remodel or making improvements to your home, take time to do research, and find out what buyers are currently looking for in a home. Most home improvement stores offer brochures which show what’s popular.
Even though you may not be thinking of selling your home anytime soon, try to take on your projects by keeping “resale” in mind. We never know where life will take us, therefore, it is wise to spend those remodeling, home improvement dollars on timeless projects.
When contemplating a home improvement or remodeling project, prior to selling your home, consider the current real estate market. Will your remodeling project reap extra dollars for you, or will it only help you to sell your home faster. In a slow real estate market, the competition is great. Be an informed seller. Talk to a real estate agent. You may even consider getting a home inspection, and avoid “surprises”. Do research online.
Want to know how to “stage” your home for potential buyers? Read my previous article, titled: How To Stage A Home For Sale