As a listing agent, clients are always asking which updates and renovations offer the biggest return on investment when they go to sell their house.
Although it varies from client to client, typically I suggest 4 things.
Increase Your Curb Appeal
The outdoor presentation says a lot about the care of the home. Chipped paint, rusted shutters, broken gutters and wild bushes imply that there isn’t a lot of care being put into the property. Walking up the driveway, down the sidewalk and up to the front door, your mind almost anticipates opening the door to find something frightening. Freshen up the exterior paint job of the home. Get the front door, garage door, the trim, address numbers and even some of the accents like gutters, mailboxes and bird houses. Make those colors pop both in the photography and in person. If your home is susceptible to dirt, grime and mold, give it a good pressure washing. You want potential buyers to be excited to see your home and first impressions not only matter, but set the tone for the showing.
Update Your Kitchen
It’s been said that kitchens sell houses. It’s true. It’s the most common gathering place in the home. Your kitchen being up to date and functional is an important aspect of getting top dollar for your home. How does your kitchen look and feel? Is it clean, bright and spacious? Does it flow well? Make sure the appliances are relatively new and in working order. Clean them inside and out. Believe it or not, some buyers will actually open the appliances. Make sure that your secondary kitchen items work such as your Lazy Susan, your rolling beverage cart or your countertop butcher blocks. Replace or update any countertops that need it. Replacing the countertops and kitchen island tops add value and present well. Make sure the backsplashes, lighting and fixtures compliment the space as well. Consider painting the kitchen to give it that bright and airy look and feel.
Update Your Bathroom
Kitchen and bathroom updates can offer upwards of 70% return on investment. Home buyers are looking for relaxing owner’s suites. A big part of that is a nice, cozy and welcoming bathroom. Consider how the bathrooms present themselves to potential buyers. Are they nice and clean? Are the bathrooms dark and dingy looking or do they feel fresh and clean? Make sure to tackle that dirty grout. How do the countertops and cabinets look in the bathroom? Make sure all the hardware looks sleek and modern and don’t forget to complete the space with new or clean mirrors and towel racks, toothbrush holders and other complimentary accessories.
Improve Your Outdoor Living Area
Buyers love to visualize themselves in the backyard entertaining company. Adding a sitting area or fire pit to the back yard is easy, affordable and a great return on investment. If you don’t already have a focal point in the backyard, consider adding a deck and putting up a gazebo or canopy. An outdoor fireplace can also be a wonderful addition. If you already have a nice outdoor space, be sure to clean and spruce it up. Getting a great return on investment and maximizing the value of your home doesn't have to be particularly hard or expensive and using these tips is a great place to start!