When you take a look at the renovations and changes you can make to your home to increase its resale value, you'll end up with extra cash when the sale is finalized. It's always a good idea to figure out what type of renos will add value and which ones won't so that you don't end up with a shock once “Sold” is added to the sign on the lawn.
When you first purchase your home, you should take a good look at the landscaping and think about what you can do to it immediately. A mature tree in the front or back yard is always a huge selling point for property. Planting the tree early is important since it will need several years to fully mature.
2. Purchase new exterior doors
Curb appeal is extremely important when you've got your home on the market. If your house looks great on the outside, people will be encouraged to request a visit to see the inside. The exterior doors of your home, including the garage door, should be in excellent shape.
3. Smaller kitchen renos
Remodeling an entire kitchen can cost thousands of dollars and you may only see about a 60% - 70% return on your investment. Instead of jumping right in and redoing the whole kitchen, consider doing minor repairs instead such as refinishing the existing cabinets or upgrading your appliances to Energy Star units.
4. Add extra storage
This is something that many potential buyers are looking for – a lot of storage space! The more storage you can provide in the home the better off you'll be when it comes time to sell your property. Cabinets, shelving and storage hideaways in any room can add to the resale value of your home. Best of all, this is an inexpensive way to add features to your home in order to see a better price and a faster sale.
5. Paint the home in neutral colors
Look for modern neutral colors that will bring your home alive without appearing too bold. You’ll want your home to appeal to the majority of potential buyers that are looking at your house. Colors that are too bright and vibrant will turn off many viewers. There are a lot of neutrals, such as modern grays, that are trending right now and can make a home appear absolutely stunning.