Are you thinking about putting your home on the market soon? Before you do, you may want to consider making a few key renovations to your home—when done correctly, these renovations can increase the value of your home, which translates to more money in your pocket! Focus your time and money on these specific renovations that have been shown to effectively increase your home’s resell value.
#1—Update your Kitchen and Bathroom
Doing a Tampa kitchen remodel or bathroom renovation is one of the safest bets you can make on the housing market—often times these updates will return more than 100 percent of the costs to home owners.
The most effective and financially-sound kitchen renovations include a focus on all-wood cabinets and shelving, stone counters, and wood or stone floors. In the bathroom, replacing a tub with a spacious walk-in shower is also a good choice—most people don’t have time to take a bath, so they’ll really appreciate a shower with more room.
If you’ve only got one bathroom in your home, your money may be better spent adding a second one instead of updating the current one. This is especially true for older homes that are notorious for having a low ratio of bathrooms to bedrooms.
#2—Use Neutral Colors
While something as simple as a fresh coat of paint can positively impact your home’s resell value, there are some colors that do better with buyers than others. Try to incorporate neutral colors (earth tones—tan, brown, etc.) instead of opting for more vibrant, bright colors. Even if a potential buyer has the intention to repaint the home, it will be easier for them to do so with more subdued tones on the wall.
#3—Don’t Neglect Home Maintenance
While you might think that adding a new, flashy bathroom is the best way to increase your home’s resell value, if there are structural problems with the home, your money would be better spent addressing them. Things like an old roof or water damage need to be repaired before you spend time and resources on adding new things.
#4—Think About Curb Appeal
Curb appeal refers to the outward presentation of your home. Even if the inside of your home is the best thing a buyer will ever see, they’ll never make it past the front door if your yard doesn’t look great as well. Something as simple as adding a few plants or shrubs to your home’s exterior can work wonders in increasing its curb appeal.