As any homeowner interested in selling their property has come to learn, renovation projects that spruce up the overall ambiance and utility of a home are what increase its value in the resale market. Unfortunately, what many home owners do, is make the mistake of prioritizing the wrong renovation projects which in turn can drive aspiring homeowners away from their property. Rather than making the wrong guess in terms of what could potentially improve your home’s placement in the resale market, it’s best to approach the renovations with resale value in mind. Throughout this post, a number of the most profitable renovation projects a homeowner can make will be detailed in length.
The truth is, many home owners make changes to their home based on their needs and wants rather than considering how it will impact their standing in the aftermarket. The best changes any homeowner can actually make, though, are changes that improve the visual elements of a home. Consider this, is an aspiring homeowner more likely to recognize a fresh front door that’s recently been installed or a fresh coat of paint on the rails of the stairs leading up to the door? Those projects that make the most recognizable elements of a home even more recognizable are the most beneficial projects for homeowners to make. One thing to consider, however, is that even some of the most simple options can still make a difference. Fresh coats of paint on the interior of certain rooms in the home, for example, though not a sizeable project, can save new homeowners a great deal of time when moving into their property.
Aside from renovations that stick out, aspiring homeowners are more than likely to care about the utility a home can offer them and their families. Meaning the elements of a home that have to do with its internal functionality will require some work assuming they’re lacking. For example, the home’s electrical and plumbing systems are highly important when considering its value. There’s no way an aspiring homeowner will choose your home simply because it has all of the hottest renovations and none of the guaranteed utility. It’s for this reason that finding a healthy balance between both renovation projects and finetuning the interworking’s of the home will be sure to improve its aftermarket value.
If your home is already up to snuff with both its functionality and interior renovations, investing into outdoor renovations, while pricy, are sure to attract plenty of buyers. Any property’s value is immediately considered higher if it has outdoor selling points such as a newly installed deck, a fresh landscaping job rounding out the home, or even better than both of those things, a pool. When buyers view these additions, they see extensions of their possible home, where they can host and entertain their closest friends and family. Expanding this space is sure to make a lasting impression on potential buyers.
Prepared to list your home on the market but think it could use a little sprucing up beforehand? It might be worth considering some of the renovation projects mentioned above to make it cross the line for potential homeowners. To learn more about the types of renovation projects you can undertake to elevate your home’s value, be sure to continue reading on to the infographic paired alongside this post.
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.