When we think about which home improvements to tackle, we almost always start with those that boost our comfort level or the appearance of our house. But what about ROI? Even if you are not thinking about selling your home in the next couple of years, it doesn’t hurt to consider the long-term value of your investment. Plus, some of the best home improvements in terms of ROI are also comfort boosters.
The Best Home Improvements to Tackle if You Plan to Sell Your Home
Let’s take a look at a few things that can increase the resell value of your home:
1. Minor Kitchen Remodels
While your typical remodeling project doesn’t have the greatest ROI, going about it the savvy way can mean a greater bang for your buck. Plus, 80% of homeowners say that kitchen remodeling makes them feel happier and cozier.
The reason why a kitchen upgrade doesn’t usually have a great ROI is because everyone wants different things – it’s a matter of taste. So, in order to get back some of your investment and not push away potential buyers, use these simple rules of thumb:
- Steer clear of bright, vivid, and unusual colors. You may fancy an all-purple kitchen, but your potential buyer may be more conservative. Stick to neutral tones and shapes.
- Reface your cabinets instead of replacing them altogether. It’s much cheaper and it will add the same value to your home. Why invest more if your cabinets are still sturdy?
- Change the countertops. Instead of investing in expensive appliances (that may not satisfy your buyer’s needs) change the countertops for a new and shiny look that you can get for a few hundred bucks.
2. First Impressions Matter
There is no better way to impress your potential buyer than leaving a good impression before they even step foot in your home. Plus, it can be extremely affordable:
- Replace your front door. If it doesn’t need replacing, a simple, fresh coat of paint can do wonders.
- Replace your windows. New replacement windows ensure better thermal comfort and look great. They may not be the cheapest home improvement project, but they are sure to leave an impression. Again, if your windows are in perfect condition, paint around them to make them appear brand new.
- Repair the siding. Check for dents and caulks and fill them – you can even DIY this! Once again, painting the exterior of your home is also a fail-proof and affordable way to make it look like it’s worth every penny!
3. Add New Insulation or Improve the Existing one
This is one of the best home improvements in terms of ROI. It doesn’t cost a fortune, but it’s messy and it can take some time. If you tackle it before putting your house on the market, the future occupants will have less on their plate when moving in.
If you insulate your home, make sure to say so when you place the ad. It shows that you truly care about both energy efficiency and comfort. Always emphasize the attic and basement insulation work you’ve done – these are two of the most “sensitive” areas of any home.
4. Invest in Quality Outdoor Furniture
Nothing says “home” like being able to drink your coffee on a lovely deck or patio. If they are brand new or freshly painted and repaired, they are also a strong selling point.
Home buyers are usually impressed with houses that look comfortable in every respect. Caring for both the inside and the outside of your home ensures that exact look. Do some gardening and make sure that your outdoor plants are in tip-top shape, too!
Preparing to put your house on the market doesn’t have to be too strenuous or too pricy. You just need to focus on a few key areas that every potential buyer will look at carefully. If you want to ensure that you have no unpleasant surprises, you can always have your home inspected by a professional before placing the “For Sale” sign.