So, you’ve decided to put your house on the market. Before you do, you probably want to do a few things to boost that property value. If you’re like most homeowners, your goal is to sell your house for the highest possible price.
However, it can be challenging trying to determine the best ways to add value. If you’ve already painted your home in neutrals, de-cluttered, and done all the small fixes, you’re likely wondering what other renovations are worth your time and energy.
Let’s talk about five projects that can boost your home’s value without breaking the bank.
#1. Upgrade the Roof and Siding
If your home’s siding or roof is in poor shape, you might want to redo them. A worn-down roof or shabby siding tells home buyers that your home isn’t in the greatest shape. A new roof alone can increase your house’s value by up to $12,000!
It’s all about curb appeal. The reality is that curb appeal matters a great deal, and if your home doesn’t look inviting from the outside, you’ll have a much harder time getting people through the door or paying top price.
Thankfully, you can upgrade both for relatively cheap. If you need to redo your roof, go with asphalt shingles. They’re incredibly cost-effective. However, if that’s not within your budget, simply consider repairing any missing or faded shingles instead.
With your home’s siding, a new coat of paint can work wonders. If you can’t afford to redo it completely, throw a new layer of neutral paint on top of it to make it pop.
#2. Renovate the Kitchen
If you spend any time watching HGTV or perusing Pinterest, you probably already know that it’s the kitchen that sells the home. If you have a dated kitchen, then consider doing a light renovation. Swap out the paint, redo the cabinets and upgrade the counter.
You don’t have to spend tons here, either. While natural stone counters are all the rage, concrete countertops are a much cheaper alternative. With a little paint and polish, concrete counters can mimic the look of natural stone.
#3. Add Hardwood Floors
Are you tired of hearing about hardwood? There’s a good reason that every realtor and interior designer recommend hardwood floors. People love them. In fact, in a realtor survey, 90% of realtors agree that houses with hardwood floors sell much quicker than homes without them!
If you already have hardwood flooring, be sure to give it a deep clean and polish. If you don’t, consider installing it in as many rooms as possible. If hardwood floors are outside of your budget, consider synthetic wood tiles instead. They have the same appearance, without the upfront cost.
#4. Make the Backyard Matter
Backyards are in right now. They’re a space to relax and an area to entertain. Backyards are often difference-makers in closing the deal and getting the price you want.
If you have a backyard, consider adding a deck, because research indicates that wooden decks are the most cost-effective renovation project in mid-range houses. Consider adding some potted plants and setting up some outdoor seating as well. Help potential buyers see themselves in your backyard.
If you don’t have a backyard, or it’s small, do what you can with your existing outdoor space to show that there’s still a way to appreciate the outdoors in your home.
#5. Add Aging in Place Modifications
If you want to stand out on the market, consider adding aging in place modifications. Essentially, more older adults are looking to age in their own homes. They no longer want to have to move when they get older, so they’re seeking houses that have “aging in place” accommodations.
What are these modifications? They can include everything from home handrails to easier to open doors to wider walkways and non-slip flooring. If you’re interested in this route, do a little research on simple aging in place modifications for your house.
Add Value to Your Home Before You List It
These five projects are just a few ideas to increase your property value before you list your home. Ultimately, your goal is to invest in renovations that will help the home sell faster while providing a meaningful ROI (return on investment).
As long as you put yourself in the home buyer’s shoes and get with a realtor you trust, you’ll be able to boost your property value and sell your house for a fair price.
Matt Lee is the owner of the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.