A bump in your home’s market value can translate to a significant difference in how much you sell your home for. To get that bump, you may have to invest in some upgrades for the property. The challenge you may face is to find the balance between the cost of improving your home and the payoff at closing time. Below are five upgrades that will optimize how much your home is worth. For more tips and professional advice, contact one of our real estate experts.
- Always Start with the Kitchen
It may sound like a cliché, but the most important room is still the kitchen – at least in the eyes of home buyers. If you’re going to improve your kitchen’s appearance, give it a modern look with a fresh vibe. Add new appliances, a countertop replacement, tile installation, or a paint job. You don’t have to rip out the entire room. Just focus on the key areas.
- Increase the Living Space
Now is the opportunity to open up the living space in your home. An open floor space is one of the top fashion trends for modern homeowners. Although the living room is a common choice, you may also want to look at opening up the kitchen, den, or basement. Another possibility would be the master bedroom – basically, any room where additional space would add to the appeal of the house.
- Reduce the Energy Consumption
It’s difficult to discuss real estate without someone bringing up energy efficiency. Thus, you should make it a priority when upgrading your home. Reduced energy costs are a significant selling point. According to a 2015 survey by the National Association of Home Builders, energy-efficiency was second only to safety and security as the top priority for home buyers. Components that could reduce your energy usage are windows, doors, insulation, and roofing.
And speaking of security, making your home a secure place to live will give you points during the open house. It may also be one of the most cost-effective ways to boost your home’s market value. Key areas of interest would include upgrading door and window locks as well as changing out any old doors that burglars could bust through. Careful with replacing windows. Although it’s a noble effort, it may not be worth the high investment.
- Clean Up Your Yard
Landscaping can also be a costly upgrade that may not be worth the investment. That being said, you can do some simple yard cleanup or add florals to enhance the look of the property. A yard makeover could do wonders for your curb appeal and bump your property’s value. Remember, the first thing buyers will see when they pull up is your yard, front porch, and immediate area. Keep it clean and well-adorned.
Home Avenue Can Sell Your Home
At Home Avenue, our mission is clear. We want to provide you with the highest level of real estate service anywhere in the Twin Cities area or across Minnesota. Whether you’re buying or selling a house, you’ll find that our flat-fee service will help you save money while getting your house the exposure it needs. To schedule an initial consultation with one of our realtors, contact us at 952-929-7355, or you can message us at email@example.com.