Renovate to Sell: 5 Home Improvements That Boost Resale Value
Would you like to maximise the resale value of your home? The natural way to do this is to make some home improvements. But which ones offer the highest return on investment? Let’s take a look at five home improvements that are known to boost resale value:
1. All The Little Details
One of the easiest ways to enhance the resale value of a property is by fixing up all the small DIY issues people notice during a viewing. A faded wall, broken floor tiles, grubby light switches, an overgrown garden – these small details add up to a degraded view of your property. Worse still, they may well lead to you getting offers below your asking price.
If this sounds like your place, it might be time to invest in floor tile removal and new flooring installation, a lick of paint here and there, new fixtures and fittings, and some landscaping. Tick these tasks off your to-do list, and you should be able to increase your asking price without scaring off potential buyers. Little details really can add up to a big difference to the overall appeal of your house.
2. ECO-Upgrades
Statistics tell us that green homes not only sell faster, but they sell for 2-8% more too. So it’s worth putting some of your renovation budget into earth-friendly changes like:
- Solar panels
- Ground source heat pumps
- Insulation
- Green roofing
- Water-saving devices
- Eco-friendly building materials
- Upgraded windows
Potential buyers genuinely value these kinds of upgrades and will pay more for them, especially as the cost of living goes up and adjustments like these offer tempting savings on utility bills. Even better, if you meet certain criteria, you might be eligible for grants and schemes that reduce – or in some cases, eliminate – the installation costs.
3. A Beautiful Outdoor Space
Post-covid lockdowns, it is no surprise that many potential house buyers have a beautiful outdoor space high on their priority list for a new home. We all value our outdoor spaces much more now, even years on in a post-pandemic world. Making your outdoor space easy-to-maintain and more attractive could easily boost your resale value.
4. A Beautiful Kitchen
It’s no big surprise that the heart of the home – the kitchen – is a part of the house that has a lot of value for potential home buyers. They will pay more for a kitchen with:
- A kitchen island
- Space for family dining
- Stainless steel appliances
- Beautiful natural stone worktops.
Overall, the more timeless, practical, economical and space-aware you are able to make your kitchen, the more value you can add to your house.
5. An Extra Room
Could you add an extra room to your property? If you can do so safely (and within all the local legalities and your budget), you could add as much as 15% onto the resale value of your house.
Is it a big financial commitment? Absolutely. However, it could mean you add thousands onto your house value. Better yet, you’ll also open your market up to different types of buyers. It’s a serious home renovation, but it calls for serious returns when it comes to selling.
Elevate Your Home, Elevate Your Selling Price
With the improvements suggested above, you could be asking a lot more for your house when it comes time to sell. Whether you invest in a lush landscape garden or pay out for a fancy new extension, these property pick-me-ups will have your house sold at asking price – or more – in no time!
