Renovating and updating your home can increase your property’s value and appeal, especially before you put it on the market. However, not every renovation will provide a direct return when you go to sell. At Royal LePage Trinity Realty, Brokerage, these are just a few of the home renovations we recommend for improving your home’s resale value.
- Kitchens and bathrooms—It is no surprise that beautiful kitchens and bathrooms entice potential buyers. Even if you do not have the budget for a major remodel, making minor enhancements to your kitchen and bathrooms can go a long way.
- Energy updates—Go green by installing new windows, a new water heater, solar panels, new appliances, and other updates that can reduce your home’s carbon footprint and minimize energy costs on a long-term basis.
- More space—From adding an additional bathroom to expanding your living area with a sunroom, any project that adds significant square footage to your house can directly contribute to its value.
- Curb appeal upgrades—Buyers judge your house the second they see it, so make sure it makes a good impression! A new front door, roofing, siding, or even some upgraded landscaping can go a long way when it comes to your home’s value.
- Home maintenance—Even the most glamorous kitchen loses its appeal if your water heater is leaking or some of your fence posts are broken. Taking care of home maintenance issues is one of the best ways to show your home in its best light.
- Flooring—When you install new floors, you change the look and feel of your whole house! Just walking through your home when it has new flooring can make buyers more likely to put in a higher offer.
- Closets—Closet space is a priority for many buyers. Upgrading your closets with built-in shelving or renovating to create closet space can be a major selling point.
- Master suite addition—Generally speaking, a house with a master suite will be worth more than a comparable property without one. If your house does not have its own master retreat, consider adding one to boost your property’s value.