Home renovations are an excellent way to increase the resale value of your property. Some renovations have proven to be fads, but a majority of work done to your home before you decide to sell will have a positive impact on its perceived value as you begin to market it to prospective buyers. But which renovations should you prioritize?
You’ll want to begin with the attention grabbers. Changes that catch the eye. Prospective buyers are bound to be surprised when they arrive at a home with a new garage door. Or a fresh coat of paint on the cherry red entry door that they loved from the photos online. A newly renovated kitchen or bathroom is also bound to make a lasting impression on prospective buyers. The improvements that spruce up the visual aesthetics of both the exterior and interior of the home make a significant difference in the expected resale value of a home.
If you’re searching for improvements you can make that aren’t strictly visual, you can consider having your home’s internal systems assessed and improved if necessary. Electrical and plumbing systems, for example, are an integral part of a well-functioning home. If a realtor has any indication that a home is not able to function at all fundamental levels, you can be sure they’ll fill in prospective buyers about it. An established infrastructure has a sizable impact on the way some buyers could sway if they’re considering multiple options.
Finally, and certainly more grand in scale, are revamping the outdoor portions of your property with a deck, a pool, a pergola, or even new landscaping. Buyers view outdoor spaces such as the backyard as an extension of the home they’d be purchasing. Prioritizing these changes can convince prospective buyers who hope to entertain their guests in their backyard space. Even when they’re not entertaining, they’d sure be able to find value in the space to just relax. These sorts of projects are sure to increase your home’s resale value.
If these ideas weren’t enough, consider checking out the featured infographic below. You’ll find details and breakdowns of how different home renovations can help increase resale value, and which projects are right for you.
Author bio: Sara Scimeca is Marketing Coordinator for Synergy Builders, a stress-free remodeling company. She has two years of experience in the industry and manages Synergy’s marketing plans including creation of content for newsletters, brochures, advertisements, videos and more.