Getting your home sold in a buyer’s market is not easy- especially if you’re looking to get back what you spent on your property. More and more homeowners are realizing that just staging the home is not enough and utilizing home improvement can increase their chances of getting the home sold within a reasonable time range. Now, it is important that you consider the location of your home and that you don’t overdo it. A bathroom for example that is too luxurious isn’t going to recoup your costs.
What’s a good place to start? The kitchen of course! One of the most sought after spaces in a home is a spacious kitchen with stainless steel appliances and updated cabinetry. Most people don’t even think about making an offer on a home if the cabinetry is outdated, the appliances are old and the flooring is vinyl. If your home falls into this slot, just repainting the cabinets and switching out the appliances can increase the worth of your property.
The number of bathrooms in a home is also very important. In some cases, since space doesn’t allow for it, even adding a half bathroom can increase property value. Keep in mind, when adding an additional bathroom, you should be using square footage from an area of the home that will have the least impact.
Storage is another determining factor in whether or not a potential buyer is going to be interested in a home. Everyone has a lot of stuff, but if a potential buyer already has to rent a storage unit without even moving into the home, they aren’t going to be happy. Adding extra cabinets, increasing closet space or making the garage organized is just one of the many ways that potential buyers can be convinced to make an offer on the property.
If you don’t have a lot of money to spend on the property, curb appeal is definitely something you should be focusing on. Your home may be stunning on the inside, but if on the outside there are overgrown hedges, scrap metal and weeds overtaking the yard, people are not going to bother going inside. More often than not, how a home looks on the outside is a good indicator of what to expect within.
If your home has a basement, it can be turned into an additional bedroom or a recreation room. Homeowners want to get the most for their money, and the more space a home has, the more desirable it is. A lot of people enjoy using the basement as a recreational area with a bar, and if you have the money, it is something you should consider investing in. At the very least however, if you’re not going to convert your basement, make sure it’s organized and has storage.
As you can see, there are plenty of home improvement projects that can increase the value of your home. Some of them are easier than others, but when you’re looking to sell, it’s important to give buyers what they want.