Remodeling Cost vs Value: Renovation Tips to Give You the Most Bang for Your Buck
The average American moves about 11 times in their life. But moving isn’t a cheap or stress-free process.
It can take weeks or even months just to sell your home. If you’re in a hurry to sell it fast, though, remodeling it can help. Of course, you’ll only want to spend money on the projects that will give you a nice return on investment by allowing you to increase the price of your home.
It can be tricky to determine if the remodeling cost vs value of a project is worth it. Luckily, there are a few tried and true tips you can follow.
Do you want to know more? Keep reading to discover the best remodel tips that will increase your home’s value and help it fly off the market.
Focus on Appearance
Take a second to think about why you bought your current house. Were you immediately impressed the second you walked through the door? Were the main rooms done to your taste?
The truth is that most homeowners purchase based on appearance. Of course, if there are serious problems, like a leaking roof or crumbling foundation, these will quickly turn potential buyers away. But when you’re doing a renovation, focus on improving the appearance of your home rather than, say, replacing your water heater.
You want buyers to be wowed with your home and fall in love with it. Plus, replacing the water heater can seem a lot less daunting than having to undergo a kitchen or bathroom remodel.
Alright, so cleaning may not seem like it counts as a remodel. But it can save you a lot of money in the long run.
Stained carpets, dull hardwood floors, dirty grout, and caulking that’s falling apart can all make your home appear dirty and outdated. But instead of paying big bucks to replace all this, you may be able to salvage it with a little elbow grease.
Shampoo your carpets, clean hardwood and tile floors, clean grout, and re-caulk your bathroom. You’d be surprised just how much nicer and newer your home looks.
Over time, the beautiful color of your walls has probably faded, and you may not even notice how bad it’s gotten. A fresh coat of paint can make a world of difference, and it’s easy to DIY.
However, choosing the wrong paint color can be a huge turn off to buyers. Stick with neutral colors like beige or light grey. These colors appeal to most people’s taste and help them view your home as a blank slate where they can build their lives.
Start with the Bathroom
The kitchen and bathrooms are the most important rooms in the home. If your bathroom is looking completely outdated, consider a full renovation.
While the price may be a bit daunting, you can get more than the remodel costs back when selling your home.
If your home only has one bathroom, consider adding a second bathroom or at least a half bath. This will increase the value of your home and give you a larger pool of potential buyers as having just one bathroom can be a deal breaker for many families.
It’s no secret that the kitchen is an important room. But if your kitchen is outdated, you may not have the cash to completely redo it.
Luckily, you can make a huge impact by getting new countertops. Granite and quartz are great options to go with as they’ll give your kitchen that luxury feel without costing as much as marble. This company has tons of options to choose from to help you get started.
Give Your Cabinets a Facelift
Along with countertops, cabinets also have a huge impact on both your kitchen and your bathrooms. However, they can be quite costly to replace.
If your cabinets are still standing sturdy, but look a bit outdated, don’t spend the money to replace them. Instead, give them a facelift by painting or refacing them and changing out the handles.
Although a bathroom remodel is a great way to increase the value of your home, many people can avoid the full renovation and still get more money for their home. If your tub or shower, toilet, and flooring are in good shape, consider replacing cheap or outdated countertops, giving your cabinets a facelift, recaulking, painting, and cleaning grout. This can make your bathroom appear much newer without having to buy new fixtures or flooring.
Improve Your Curb Appeal
Even the most gorgeous houses can have problems selling if they lack curb appeal.
Since the exterior is typically the first picture on an online home listing, many buyers may not even look through the rest of the images if your home has poor curb appeal. They’ll also be less likely to stop in during open houses or ask their realtor about your property if they drive by and see the “for sale” sign.
Luckily, there are a few ways you can increase your curb appeal. Consider painting your front door and replacing your garage door. Choosing black, grey, or blue for your front door is the best way to attract potential buyers and further increase your home’s value.
You should also cut your grass and trim overgrown bushes. If you have flowers, make sure they are low-maintenance and properly weeded. Hanging planters of colorful flowers on your porch can make your entryway pop and seem more inviting, thus, increasing the number of potential buyers.
The Best Remodeling Cost vs Value
You want to ensure the renovations you undertake will help sell your home faster and for a higher price. Just follow this guide to the best projects with a great remodeling cost vs value.
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