Downsizing your home may feel like a step down, but a closer look reveals quite a few upsides.
5 Minute ReadTopic: home selling
What can I do to make my home sell faster and for as much money as possible? It’s a question all home sellers ask. It can be difficult to know exactly what buyers are looking for. Will new hardwood floors make an elegant first impression? Or do the buyers want plush new carpet instead?
If you want to make potential buyers swoon, it’s important to invest in the right projects. A good real estate pro can point you toward updates that pay off in your area before you start busting out walls or digging up the backyard.
Here are the top home renovations that give you a good bang for your buck, according to the latest Remodeling Cost vs. Value report!
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You Get One Shot at a Good First Impression
Do you believe in love at first sight? Most home buyers do! If they don’t like what they see when they pull into your driveway, it’s likely they won’t even make it inside.
If you’re looking to spruce up your curb appeal, consider these updates:
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|Manufactured Stone Veneer
If you have existing vinyl on your home’s exterior, replacing it with manufactured stone veneer makes the elegance factor go way up.
|New Garage Doors
Nothing says your home has been well kept like pristine garage doors. Go with something neutral and sleek that matches your home’s exterior.
|Steel Front Door
A fresh front door can make a great first impression on potential home buyers. Feeling a little fun? Paint it a bold, eye-catching color!
If you can’t afford a major facelift, that’s okay! There are still ways to boost your curb appeal without a big price tag. Take landscaping for instance. The right upkeep adds instant curb appeal and can offer you as much as double your investment when you sell your home, according to HGTV. Not too shabby!
It’s What’s on the Inside that Counts
Of course, great curb appeal only goes so far. You might get buyers in the door, but the inside of your home is what makes the sale. According to Cost vs. Value, these three interior renovations are high-payoff crowd pleasers.
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It may not be an update home buyers see as soon as they walk in the front door, but it’s one of the few projects that actually pays even more than the cost.
|Minor Kitchen Remodel
Want to get a good return on kitchen renovations? Here’s the key: don’t overdo it. Instead of trying to turn your space into a high-end gourmet kitchen, stick to modernizing outdated features like cabinets, counters, appliances and paint colors.
Basement remodels have a high price tag, but they can pay off when it’s time to sell. Finish out your space with a living area and extra bedroom and bath, and you’ve got a dream mother-in-law or teen suite.
If you’re looking to spend hundreds instead of thousands, there are still ways to spruce up your home’s interior. Simple strategies like updating your décor can make a big difference. Try out some of these ideas:
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- Brighten up the corners with new floor lamps.
- Add a fresh rug in the living room.
- Buy a few new throw pillows for the couch.
The key is to create a cozy environment so buyers feel at home as soon as they walk in the door!
Choose Your Updates Wisely
If you want to make smart renovations, national averages are a great place to start. But don’t stop there. Remember, buyers in your neighborhood might value certain projects over others. What’s true on a national scale may not be true on a local one.
That’s why it’s important to talk with a real estate professional before investing in major home updates. The right agent can help you decide which renovations will pay off in the long run based on recent sales in your area. The last thing you want to do is outprice your neighborhood and lose money on all of your hard work.
Ready to make buyers fall head over heels for your home? Connect with a real estate pro who’s an expert in your local market today!