Home Improvements to Increase Resale Value
The real estate market in the United States is currently experiencing a boom despite the pandemic that has affected the global economy. The demand for vacation homes increased as people opted to wait out the pandemic outside the city. The low mortgage rates also added to this increasing demand for property in the suburbs.
If you’re planning to get a share of this boom in the real estate market, you may want to increase the resale value of your home by improving it. The following home enhancements allow you to make your house appealing to buyers.
Exterior Improvement
Enhancing the curb appeal of your home is always a good thing. It’s the first thing that catches the attention of homebuyers. You can improve it by adding a manufactured stone veneer. The material used for this enhancement is a composite material that looks like real stone but isn’t real stone. It’s installed the same way as real stone.
Besides adding manufactured stone veneer, you can also replace your garage door with steel or aluminum garage doors. These garage doors are made of durable and are considered upscale. While they don’t have the aesthetic appeal of real wood garage doors, they are weather-resistant and can last a long time.
Wood Deck Addition
Adding a wooden deck in the backyard is another way to enhance the exterior look of the house. This also gives your home an outdoor living space, appealing to people who prefer to stay home during a vacation.
A composite wood deck may be the way to go since the material will last longer than ordinary wood. The size of the deck depends on the space you have at the back. But the bigger it is, the better. Adding a railing system is also a good idea when you or the next owner will want to hang out at the back during a lazy Saturday afternoon.
Window Replacement
The next thing to enhance is the windows. You should remove old and damage windows with new ones. You may even want to get energy-efficient models to save you on cooling and heating expense in the house. Energy-efficient windows also give you a green energy tax credit. Your state or the utility company may even give you additional credit when you use energy-efficient windows.
Just make sure to get your windows from one of the more reputable window companies in your area. Besides getting your money’s worth, they may even have some promotions that you can take advantage of when you’re upgrading your house.
Kitchen Enhancement
Now that we’re done with the exterior let’s check what you can improve inside the house. One of the places you can enhance is your kitchen. The kitchen is considered the heart of the home. Due to this, you shouldn’t overlook it when you’re improving your home to increase its resale value.
One of the things you can do is to get some energy-efficient appliances for the kitchen. You can look for Energy Star-rated appliances to replace your old ones. Aside from making the kitchen look good, you also save on energy costs when you get these appliances. When homebuyers see that you have these appliances in the kitchen, they’ll likely be more willing to pay a premium price for the house.
Once you have the appliances installed, you can adjust the kitchen’s color scheme to make it match the appliances you got. Make the kitchen visually appealing so potential buyers can envision themselves cooking a nice dish in your kitchen.
One thing to remember is not to overdo it. If your kitchen is much bigger than your living room, you may have overdone it. Instead of being appealing to buyers, you might end up turning them off. So when you enhance the kitchen, make sure it’s within reason.
Bathroom Remodeling
Remodeling the bathroom is another way to attract potential buyers to pay a higher price for your home. Similar to the kitchen, you can also add newer equipment in the bathroom. You should also make it universally- accessible. This can be done by widening the doorway for wheelchairs to go in. You can also add support bars close to the toilet, add a walk-in shower, and lower the light switches. These are enhancements that will increase your potential market to include people with disabilities. It can also be appealing to senior citizens looking for a good home to retire in.
These days, people are looking for a home they can buy as they try to take advantage of the low mortgage rates. While you can sell your home as it is without any improvements, you can fetch a higher resale value if you make a couple of enhancements that make it more appealing and functional to potential buyers.
