My friends are often asking what renovations they should do that would net them more money if and when they decide to sell.
So if you’re wanting to update your home, but you’re not quite sure where you should put your money, check out my list. I’ve rounded up a list of home improvements that will add the most value to your home for the least amount of money. I love when you can spend smartly and budget wisely, yet still get huge returns! It makes me really happy!
This list will help you get the most bang for your buck. It will also give you great ideas for renovating your home.
These 11 home improvement tips are sure to net you more money on your property sale.
This is so important and it often costs less to do regular maintenance then to fix what you didn’t maintain. Right? So, you want a brand new bathtub but the house needs new gutters or siding– what should you do? Yes, you got it. The boring (but wiser) choice. Put that money into the gutters and siding and start saving for your dream bathtub. Remember if it’s between wants and needs for your home, always take care of the need first. No one wants to buy a house that has maintenance problems, no matter how nice the bathtub might be. True story!
If you like bright or loud colors and have some crazy colored walls…you might want to change that before trying to sell your place. Potential buyers don’t want to take on your sense of style. They’re looking for rooms with neutral tones– like a soft beige or grey.
If your house doesn’t have any other problems that need to be dealt with first, updating the kitchen is a great way to go because it’s everybody’s favorite space. You can do something simple by just updating the faucet in the sink and the cabinet hardware. You can go big with getting all new appliances. Or you could stay in between by staining your cabinets and adding a backsplash. Whatever you decide to do, make sure the kitchen flows well and is useful to the people who will most likely be spending a lot of time there.
People love open floor plans nowadays– they want to be able to walk in and see everything. If that means you should get rid of an island or remove a wall, do it. The payoff will be worth it.
If you’ve been neglecting the trees and bushes on your lot, I’ve got a new project for you to add to the list. Cutting dead branches off your trees or trimming your bushes that have gotten a little out-of-control shouldn’t take too much work and the results will make a difference. If you need to, I’d suggest investing in some new work tools to keep your yard looking neat and clean.
Whether it’s dimmers or some recessed lighting, potential buyers love a well-lit space. If your space is a little dim, don’t go crazy, just adding some new light fixtures can add a lot of light. Also, opening up and cleaning windows is a great way to let in some natural light.
Adding eco-friendly items like attic insulation or a furnace system can significantly lessen your monthly utility bills and the cost won’t be too much if you can get rebates back.
Potential buyers have already made a snap judgement about your place within seven seconds of walking up to the door. So, why not make it look nice? Replacing your front door for something nicer is a great touch. You could paint the door and shutters if replacing is too pricey. Adding pavers, shrubs or trees, and some flowers is a great final touch.
Some buyers tend to be really picky about floors…and nobody wants to buy a home with old dirty-looking laminate or outdated carpet. Your best bet? Put down some nice wooden floors in the entry-way and kitchen. Rip out old carpet and replace it because it collects mold, allergens and all kinds of yucky stuff. You’ll be glad you did.
Revamping your bathroom doesn’t have to be anything major— simply replace caulk and clean dirty grout. Add some new paint and hardware and you’re good to go. You could even include a new low-flush toilet (that will save you on utility costs).
There might be something underneath the surface of your home that could use some work– rotting wood, termites, a roof that’s falling apart or a foundation with problems. Potential buyers don’t like these things and some will be more likely to bypass your home if it has obvious problems. So, get it inspected to know what the damage is and decide how you’re going to get it fixed. Even if it takes some time to save money for remodeling or redoing the roof, it will be well worth it in the end.
There are so many things you can do to increase the value in your home, but probably the most important of all is just loving your home and taking care of it. Cliche and slightly corny but true!
By putting work into your home, you’re more likely to see a positive return if you decide to sell someday.
Do you have other renovation ideas that can offer big returns in terms of value for a home? Please share!
As always, if you’re looking to sell in the Ottawa area, I’d love to lend my knowledge and expertise and we’ll have fun in the process!