Even if you are not contemplating selling your home in the near future, you may be thinking about which home improvement projects will pay off if you ever decide to put your home on the market.
Return on your home improvement investment depends on three things: the value of your house, the value of the houses in your neighborhood and the housing market where you live. Big remodeling projects may have an impact on a potential home or may not give you a big return depending on those three factors. However, if you plan to enjoy the granite counter tops or tile shower with the rain shower heads yourself go ahead.
Here are a few less expensive ways to boost your home’s value:
Anything that opens up the space and creates a better flow will help the house feel like the home has a wide open floor plan. Is there a non-structural wall that could be knocked out? What about that kitchen island? Transforming the feel of your home and allowing for bigger spaces can give the appearance of a larger home.
Spending some money on your floors can make a big difference, and it does not have to be something major like replacing all the carpet with wood floors. Get rid of those floor squeaks with a few well-placed nails, repair any broken tiles and patch up any damaged floor boards.
Buyers take the basics for granted when looking at a home – roof doesn’t leak or the HVAC system will not break down anytime soon. So before you start thinking about the fancy upgrades, take care of the basic home maintenance including insulate the attic, repair plumbing leaks, replace or repair leaky windows, replace those shingles that flew off during the last storm and take care of your landscaping. Investing in maintenance and repairs and keeping your home in great shape makes a big difference when it comes time to sell.
Some say buyers make up their minds the first seven seconds of entering a house. Make sure the front area is clean, maybe freshly painted with new hardware on the door. How about some colorful flowers on the porch? Making sure your front door is inviting and appealing is the first step to that so important first impression.
Home improvements don’t have to break the bank to add value to your home!