Christina is a proud wife, mother, entrepreneur, author and world traveler.
When it comes to home renovations, most people want the highest return for their dollar and bang for their buck. So, before you devote your weekends and outlay thousands of dollars on upgrading your property, you should find out if it will be a worthy investment. With that in mind, we’ve created a list of project ideas that will be most likely to command a higher price when it comes time to sell your home.
Landscape Your Garden
Curb appeal is always extremely important when selling property, so lawns should always look their best with regular fertilizing, watering, and mowing. A positive first impression is all it takes sometimes to excite a potential buyer enough to put in a serious offer. Landscaping is one of the easiest, cheapest, and most effective ways of increasing the value of your home, especially if you learn how to look after the gardens yourself. Start by keeping the front yard looking clean, tidy, and uncluttered, with trimmed edges and shaped trees.
Anything that makes garden maintenance more convenient could be a significant advantage to attract some buyers, so installing an irrigation system for watering could be worth the investment. When landscaping a low-effort garden, choose greenery that’s native to your region as they are typically more resistant to drought and pests. You definitely shouldn’t plant anything that’s too exotic or requires any kind of special care.
Install A Swimming Pool
Backyard upgrades are crucial when renovating a house, which often includes installation of a well-built pool to beat the summer heat. An expertly staged swimming pool can be a powerful sales tool, as it helps buyers imagine themselves taking a refreshing swim on a hot, summer day. Research shows that when a property that has a swimming pool installed, it will almost always sell for a higher price than a similar property without one.
A backyard pool is often an expected amenity in some price ranges, and a dream come true for many families as it’s the perfect space for entertaining and relaxation. With over one million homes offering an iconic backyard pool, they’ve become an increasingly popular real estate feature and key criteria for many buyers. And depending on its location, a swimming pool is almost a must-have addition that can increase the interest level and really push up the value.
Remodel Your Bathroom
Bathrooms are an important aspect of any home. In fact, it’s well known in the real estate industry that kitchens and bathrooms are what sell houses. While a full bathroom remodel isn’t quick, cheap, or easy to do, especially when installing a new shower, bathtub, toilet, and flooring. But as long as you install upscale fixtures and use neutral colour palettes, most people will usually get themselves a decent return for their investment.
Outdated or ugly bathrooms are often a big turn off for many potential buyers, so it’s no surprise they’re the most popular projects for home improvement. Updating old plumbing fixtures, replacing an outdated vanity, or installing new tiles on the floor or walls can all help increase the sale appeal of a home. That being said, you don’t always have to gut the whole bathroom by ripping up tiles and replacing tapware to give it a face-lift.
A Fresh Coat Of Paint
Painting the interior of your home when preparing it for sale helps attract buyers by making it look newer. It’s also one of the most impactful improvements you can make, which is also the least expensive. To ensure you don’t scare any prospective buyers away with drastic or bizarre design choices, paint your interior walls in neutral colours that are currently trendy and contemporary. A semi-gloss paint can be used to make rooms look brighter, whereas a rough finish can help cover minor cracks or other imperfections.
If your home features older-style built-in wooden cabinets, painting them to match today’s more modernised design preferences is another good idea. Painting the exterior is also an option to give your home an enticing new look, whereas adding a fresh coat of paint to your fences and trellis will really help freshen up your outdoor space.
Increase Your Space
Another way to increase the sale appeal of your property is to open up the interior as much as possible. Adding an extra room is the most obvious way to create additional living space in your home. Alternatively, knocking down excess walls and installing simplified support beams will allow you to create a more spacious design for open plan living which will ultimately make your home feel much larger and more conducive for entertaining guests.
If a massive renovation project like that simply wouldn’t be possible in your home, you can always find other ways to expand. For example, you can install higher ceilings or build a deck out into your backyard. If your rooms cannot become taller, wider, or longer, you can always create the illusion of more internal space by installing mirrors and skylights to fill rooms with more natural light. Even if appraisers don’t officially acknowledge it, larger homes with the added value of more space will usually sell for much higher amounts.
When it comes to renovations and improvements around your home, small size projects can often have a similar impact as larger ones. And you’ll be able to enjoy the benefits of these upgrades while waiting for your home to sell.