What are the Best Home Improvements For Resale
You might have thought of doing some renovations before putting your house on the market. Actually many sellers are looking for ways to get top dollars by trying to do home renovation that can add more value to their houses. What are the best home renovations that pay off? And what are the home improvements that add most value to the house?
Add Value to Your Home in Sydney
If you’re thinking about selling your home in Sydney and want to add value to it, you should survey your house and list the improvements that you’re willing to do. This is a good time to start and go through each section and identify what renovations or upgrades are worth doing.
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In this example, we will assume you are preparing for putting your home on the market. How much are you willing to spend right now, to get your house to sell adequately? $20,000 is a good budget to start with, and if you want to go lower that’s OK too, just don’t get below that number.
There are a number of areas that you should consider before making a final decision on home renovations.
The most important improvement for your home to make, and help your house sell, is one that will give it updates appeal and help it stand out from the crowd. There are simple things you can do like painting walls, adding new flooring, new molding, replacing windows or doors, and adding new fixtures. But you must have a good idea of what would be the most appealing feature to everyone. You want to come up with home renovation additions that are functional, make life easier, and are a worthy improvement of the home with a good return on your investment.
A new kitchen and bathrooms are a must to add value. These are the two places that those looking for houses often look first at.
Kitchen and Bathrooms
Kitchens and bathrooms are the most expensive areas to renovate. Also the bathroom is usually one of the easiest rooms that you can do yourself. Remember, a clean bathroom and a “new” or maintained bathroom are the biggest selling points to any home.
Kitchen: A kitchen can add great value. This might include new cabinets, new countertops, new fixtures, new appliances, new lighting, etc. Just make sure your cabinets, counters, and appliances are just of a good quality and that they look new. You can do many things for your kitchen to add value. Next in line would also be upgraded items in your kitchen. Replace those dated appliances and upgrade to countertops and stainless steel in a new range, new cabinets, new flooring, etc.
Kitchen remodelling will add the most ROI and the highest profit to your home. You may want to invest in your kitchen table, microwave cart or a buffet and stools and buy beautiful vases for the dining table. Buyers concentrate on kitchens with nice countertops, fresh new appliances, and stainless cabinets.
Add value to your home with an updated kitchen, good resale values and best of all, you may be able to sell and make a profit! Who doesn’t want to sell a beautiful home which can be yours for many years with substantial profit?
Bathroom: The number one home improvement that adds the most value to a house is actually bathroom renovation, a project that in many cases adds the most value to the home and helps to close the sale.
One of the best projects for your bathroom addition today would be a new shower with higher tech water management fixtures and a stylish dressing area, both of these return 80-90% of the project cost. You may want to look into adding a sauna to improve resale value as well.
Bathrooms are a large investment, but can give you a huge return on investment. Bathrooms should be updated to include a newer stainless steel sink with a bigger mirror, elegant fixtures, new lights, backsplash, upgraded bathroom vanities, updated fixtures and faucets, upgraded flooring and handles.
Carpets: Another great way to upgrade your home would be your carpets. Carpets should be modern and thick, they may cover the floor completely or just be a reference point in a room where the hardwood floor is left exposed.
Upgrades: Upgrades may also include upgrading the doors and cupboards to wood, upgraded doors to steel doors, etc.
Added amenities: A deck or pool also improves ROI with some having a return on investment of 80-90%. Deck renovations should also have a much shorter recovery time than any room items added.
Basement: People looking to purchase a home with a long term plan start in the basement. Upgrading the floors, adding waterproofing material when needed, replacing tile, mirrors, shelves, shower and tubs and adding modern counters. Homeowners should focus on buyers giving the basement a fresh and more modern feel with new and improved designs.
Living rooms and bedrooms are next, add new furniture, tables, chairs, potted plants, additional storage, as well as tiles and vinyl or wood flooring.
Windows: Old windows can pull down the value of your home. You can save money on heating and cooling bills through cleaning/replacement windows. Not a bad return on investment if you can’t afford to completely redesign your home.
Roof Restoration: It is important to restore any broken or damaged roof tiles (leaking roof emergency) and sections before selling your home. The roof is one of the most important exterior part of any home. Roofs inspected and installed by qualified professional roofer will last the longest giving you the peace of mind and protect your home better.
For Sydney roof restoration specialist, contact us today.
Now that you know what improvements to make to add value to your home, what else can you do?
Difference Between Major and Minor Home Improvement
Minor work: You can do a lot of work on your home – the more time you spend on it – the more money it will bring. Some of the things you can do to improve the look of your home include painting the outside, putting fresh paint on the exterior walls of your house, adding lighting, new doors and windows, plugging and replacing dead lights and changing the locks.
Major work: Many times major work will be needed and this may include tearing out walls and adding or installing new rooms.
Painting is one of the home improvements that can add more than $20,000 to the value of your house. It can actually increase value by about $40,000 and 3 to 5 years, and it increases energy efficiency by up to 10%. Good paint job can turn a cozy white house into a beautiful soft cream house. You can paint your walls a nice, but neutral colour. Painting your walls neutral will help increase the value of your home, but again do not over do it and paint your walls bright blue or yellows. Ridiculous paint choices, and damaged/dent items are just a few of the areas that might determine loss of potential buyers.
One other important element of value for your house that appears frequently in the home sale statistics is energy conservation. In recent years, buyers were much more interested in houses with a good level of energy conservation, so you may want to address this issue when selling your house.
Home Energy Renovation
Energy renovation ideas can be used to make your home energy efficient. Energy efficient improvements may include:
- Renewable energy use, like solar and wind energy
- Energy conservation improvement (e.g.: insulation, roof covering)
- Replacement of windows
- Replacement of doors
- Replacement of plumbing
You can also improve your home construction by building or buying some alternative energy efficient appliances and fixtures, such as:
- Energy efficient heat pool pump
- Energy efficient ACs
- Alternative energy kitchen appliances
- Reverse osmosis water treatment and home filtration system
- Thermal stone for flooring
- Alternative energy lighting (energy efficient low energy bulbs and LED)
To lessen your cost, you can also try to come up with do-it-yourself projects instead of having a professional do it for you. But, make sure that the level of difficulty of doing the project is not beyond your expertise. You also have to have a good learning guide to building up your own skills.
Also read Should I Fix My Roof or Sell My Home As Is?
When planning to remodel your home, it is important that you plan things properly that will reduce or enhance the look of your home. Planning is one of the best ways to prepare for any type of home improvement. Always have a written plan for your home renovation.
You should also have a clear idea on what you want to achieve with your home improvement plan. Putting your plan on paper is a fast way to get it done, and it will give you many options in looking for the materials you’ll need for the project.
Your home value can be increased a lot if you realize what you can do to add to its value. There are several things that you can do to make your home more attractive that can possibly increase its market value.
If your home will not sell no matter how you choose to do it, just make a few minor changes that will make your house stand out. You can find good ideas by looking at other houses which have sold. Homes that have sold are usually in a good state and the buying price is reasonable.
