Which items will add value to your home and help with resale when the time comes to sell?
The answer is: “Only the ones that future buyers will also want and be willing to pay for.”
As a general rule, choosing the functional over the merely cosmetic
and choosing neutral over unusual or exotic will pay at resale. Taste
and current trends can also affect the value of an update. Unusual
colors have a limited appeal.
Which updates will add the most value to your home?
- Update your kitchen and/or bathrooms. Whether you
need a minor or major remodel, updating the kitchen or bathrooms in your
home will yield a high return on investment. Stay timeless with your
updates, but also pay attention to trends.
- Increase usable space. Add an
extra bathroom, upgrade or expand your kitchen and/or master bedroom
suite, add more closet space, or convert an unused space to a more
functional space, like a spare bedroom to a home office or basement into
the ultimate hangout space.
- Lighten and brighten your rooms. Paint rooms white or with a light color paint to neurtalize your space. Add skylights, windows, or French doors.
- Revamp the exterior. Updated landscaping will draw
in buyers before they even walk through the door. Keep your shrubs,
trees, and grass trimmed and tidy. Add a splash of color with vibrant
plants or by painting the front door an eye-catching color. Consider a
focal point like a flagstone walkway or a water feature.