It's natural to want to make your home looks its best when you're planning to sell. However, some home improvements will bring a better ROI than others. If you''re looking for the most cost-effective ways to add appeal to your home - and possibly increase your sales price - read on for home improvements that are worth the effort.
Paint
A fresh coat of paint inside and out can instantly transform your home for relatively little cost. Paint effects and faux finishes are also good ways to camouflage cosmetic defects, but try to keep it simple. However, you should never try to use paint to cover serious flaws. You can get a color consultation from an interior designer or professional home stager to find the best colors to positively influence potential buyers in a subtle way.
Landscaping
You don't need to go all out and add a huge fountain or plan an elaborate outdoor room to use landscaping to your advantage. A green, well-maintained lawn, trimmed shrubbery in a few strategic places and flower borders are nice ways to add curb appeal without going into debt.
Flooring and Floor Coverings
If your floors are old and slightly damaged or worn, either replace them or install carpeting. Wood floors are big sellers, so if you already have them installed, get a professional to refinish them; studies show that it costs an average of $2,500 to refinish wood floors, and it will yield a 100% ROI. New tile flooring is always a high point in the bathroom or kitchen.
Updated Kitchens and Baths
Unless your kitchen or bath are remnants from the 1960s or they're in extraordinarily bad condition, a full remodel usually isn't necessary. Make small changes, like installing an island and granite countertops in the kitchen or changing your bath facilities for attractive, water-saving features. These fixes cost little, and you'll usually recoup the entire cost on resale.
Extras
You should never add a garage or rooms to your home; the expense will only net maybe 40% of your initial investment. However, major things like a new roof or heating system will return 100% of your cost or more. A swimming pool or Jacuzzi is nice if you already have them installed and they're in good condition, but never install one as a sales incentive.
The key to making a smart investment is not to do one big, costly improvement, but to update specific features in your home for added appeal overall. Builders and real estate professionals are in the best position to show you ways to add value to your home. You can get details now by contacting a local professional in your area to arrange a consultation. Anything you can do to make buyers happy and facilitate a faster sale without overextending yourself or your bank account is a win-win for all.
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