In 2020, more homes sold than any year since 2006, creating a demand for housing in the United States. As the market continues to favor sellers, many homeowners decide it’s time to put their house up for sale. Are you thinking of selling your home? If so, you likely want to get the highest offer possible, and doing some home upgrades now will increase the value of your house.
But what if you don’t know which projects to prioritize? Don’t worry! In this post, we’ll share some inexpensive home upgrades that will add value to your property!
1. Boost Curb Appeal
Often, buyers get a first impression of homes from the MLS listing. And, the first picture they’ll see on the listing will likely be the exterior. Thus, one of the best things you can do is spruce up the outside of your home.
Here are some ideas:
- Replace the siding or add a fresh coat of paint
- Update the front door and garage door
- Landscape your front lawn
- Add flower boxes
You can complete all of these projects with minimal expenses, and they’ll go a long way in luring potential buyers.
2. Kitchen Renovations
One of the areas that home buyers are most likely to focus on is the kitchen, so taking some time to renovate it can make a huge difference. Yet, kitchen renovations can also be expensive, so you don’t have to go all out. Here are some low-cost projects to consider:
- Replace your backsplash
- Refinish your cabinets
- Add a kitchen island or a pantry
- Change the light fixtures and faucets
And, if you have the budget, you can go all out by replacing the cabinets, countertops, and appliances.
3. Bathroom Upgrades
Just like kitchens, bathrooms are another area to focus on when trying to improve home value. Thankfully, these projects transform your bathroom without costing an arm and a leg.
- Replace outdated sinks, tubs, showers, toilets
- Retile or paint walls
- Add a linen closet or storage space
- Upgrade the lighting
Of course, if you only have one bathroom, adding another can increase your home’s value. But, that will be a much larger and more expensive project to tackle.
4. Improve Energy Efficiency
These days, more buyers are concerned about their carbon footprint and want a home that will help them live a more eco-friendly lifestyle. So, some of the best projects to consider are those that make your home more energy-efficient, such as:
- Installing solar panels
- Replacing windows and exterior doors
- Replacing your older appliances
- Improving your home’s insulation
- Getting a smart thermostat
And, since many of these projects qualify you for tax credits, you may not have as much money in them as you’d think.
5. Replace Carpet
Flooring that’s in poor condition can detract buyers, especially stained carpet. But, on the other hand, many buyers prefer homes with hardwood floors. So, installing this type of flooring is a great way to draw in buyers.
If you decide to pursue this project, search “hardwood flooring installation near me” on your browser!
Add Value to Your Home With Smart Investments
Now that you know which projects will add value to your property, it’s time to get started!
Of course, you don’t have to do all of these renovations to increase buyers’ appeal. So, choose the projects that are accessible to your budget and time constraints. By doing so, you’ll no doubt sell your home quicker and get a higher return on investment!
Would you like more home improvement tips? If so, browse our wide selection of posts for homeowners!