Does your home need a few tweaks before putting it on the market? Let’s take a look at the top ways to increase your property value, even if you’re staying in your home for the next several years.
1. Kitchen Remodel. Here’s an opportunity to improve one of the most important rooms in the home from a buyer’s perspective. New cabinets and countertops, energy-efficient appliances, and beautiful floor covering can instantly increase value. But be careful–don’t go too far with your changes. They should be in line aesthetically with the rest of the home and the neighborhood.
2. Bathroom Addition. Only one bathroom in the home is a big negative for buyers. According to HGTV, adding a new bathroom can net you up to 130% of your investment.
3. New Windows. Here’s one of the most underrated home improvement ideas. Energy Star-rated windows save on heating costs (as much as $500 annually) and yield a green energy tax credit of 10%.
4. Closet Space. Storage is often an issue for families and spacious walk-in closets are big selling point for potential buyers. Even small changes like additional shelving and hooks can make the most of limited closet space. Don’t underestimate the need for proper storage, especially for homebuyers with one or more children.
5. Curb Appeal. When we think of increasing property value, we often focus on the dwelling itself and overlook the all-important first impression people have when seeing your home from the outside. Even before walking through the door, you’ll need to present a well-lit, painted (or sided) home with a manicured lawn, trimmed hedges, and a clean, family-friendly backyard. A landscaper is a good start, but consider a landscape designer first if your home needs a new look from the outside.
Home improvements can be costly but necessary for a solid ROI. Need help figuring out how to finance them? I can help. Call me at 617-965-1236.
Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.