Renovating your house can be a great way to add value and improve its appeal to potential buyers. While the top renovation projects may vary depending on your specific location and market trends, here are the top 3 renos that will sell your house for more.
The kitchen is often considered the heart of a home, and a well-designed, updated kitchen can significantly increase your home’s value by more than 12%. There are many relatively inexpensive upgrades that can improve a kitchen. Consider upgrading countertops, painting cabinets or even just changing handles! Stainless steel appliances or updating a backsplash can give a more appealing look. Focus on creating a functional and aesthetically pleasing space that offers ample storage and workspace.
Bathrooms are another key area that can greatly impact the value of your home. Consider upgrading fixtures, replacing old tiles, improving lighting, and adding modern features such as a walk-in shower, a freestanding tub or a double vanity. Pay attention to both functionality and style to create a bathroom that appeals to potential buyers.
The outdoor space of a home can greatly influence its overall appeal. Investing in outdoor renovations can make a positive impression and increase your home’s value. Consider projects such as changing the front door replacing the roof, landscaping the yard, adding outdoor lighting, or creating an attractive garden. These improvements can enhance the curb appeal and provide additional living space for potential buyers to enjoy.
If there is something wrong that you know will come up on a home inspection, it is best to get it fixed before your home goes on the market. Electrics, plumbing, heating, air conditioning – even structural problems will prompt buyers to take thousands off their offer price and fixing things usually doesn’t cost as much as buyers think! Lastly, if you don’t want to tackle any renovations, then even just a fresh coat of paint will improve your home and can add value. Painting the entire house the same neutral colour will look better for photos and for showings.
It’s important to consider your budget, local market conditions, and the preferences of potential buyers in your area when deciding on renovation projects. Consulting with a real estate professional can also provide valuable insights tailored to your specific situation.