Selling a home takes a lot of time, money, and work, so it’s natural to want to get as much money out of this process as possible. Updates are often seen as a quick way to boost your property’s value, but not every update will offer you a great return on your investment.
If you’re ready to build in some value, you should consider these top high ROI renovations!
Update Out of Date Siding
Siding does more than just decide what color your home is. From blocking out temperature fluctuations to stopping insect life from making its way in, siding pulls its weight to protect every property while making it look good.
If your siding is older and showing its age, buyers will worry about the home’s condition and will feel reluctant about even doing a walkthrough. Updating to metal board and batten siding will increase curb appeal and property value in one go!
Add a Fresh Coat of Paint
Although you should deep clean the house before you list it so buyers won’t be distracted by grime: paint can take this step even further. Fresh color allows spaces to feel new and clean and can neutralize any odors that might have clung to rooms otherwise.
If you have a finished basement, a coat of moisture-resistant paint will allow house hunters to feel secure on the property.
Refresh Your Curb Appeal
Curb appeal is a big selling point. People want to buy a home that will reflect positively on themselves and give them the chance to want to be outside more. Consider adding garden spaces and greenery, with pavers for landscaping to section off the different portions of your lawn.
Flooding and storm damage has been weighing on the minds of home buyers this year, so make sure that when you update your lawn, you add drainage. This can be through literal drains, or you can add a rain garden that will divert water away from your home.
If you want to take your curb appeal further, you can paint or replace your mailbox and house numbers and even consider updating your home’s porch. Make the exterior of your home into a space that welcomes buyers.
Give Your Kitchen a Mini Makeover
Our kitchens are where we share untold hours and time with our family and loved ones, so it’s obvious why buyers want a space that feels welcoming and capable of keeping up with their needs. You may assume this means you need a major overhaul for your kitchen, but you don’t!
A minor kitchen remodel can often catch enough of the issues home shoppers might have with your house, and it has a higher return on investment than the average upgrade on your property.
Stop Air Leaks In Their Tracks
Air leaks can wreak havoc on your HVAC system! If you’ve noticed your heating and cooling bills are higher than average, and you can’t seem to get it to stay at a single temperature, it’s a good idea to look where the air could leak in or out.
Most buyers want cost-effective and energy-efficient properties, and air leaks don’t help.
Windows and doors are the largest culprits. Once their seal fails or they get older, they let in or out untold amounts of air and can double your heating or cooling bills. You don’t have to pay to replace every window, but simply getting a window sash replacement for the troubled windows can be enough to increase the value of your home.
Replace Your Garage Door
Your garage door offers the highest return on investment of any home update. The average garage door only lasts fifteen to twenty years, and the moment they stop working, you could be in trouble. Nobody wants their car to be inaccessible due to an older garage door.
Updating a garage door only costs $1,500 to $3,000 but can add double that to the home’s value because of increased security and visual appeal. This is a major update for every homeowner!
Update the Details
The devil’s in the details is more than just an old saying! If you can update smaller parts of the home, from light fixtures to outlets and cabinet hardware, you can overhaul the entire look of your property. These may be inexpensive and small details on their own, but they create an awesome finished product when combined. House hunters will see the home as a whole and be swayed to think the entire property is updated instead of realizing it’s just knobs and outlets.
Updating Your Home Can Boost Profits In No Time
When you’re ready to sell your home, it’s normal to want to make as much money as possible. Follow some of these renovation ideas and watch your house’s value skyrocket!
Max Shafer is a freelance writer that loves sharing his knowledge and expertise on real estate. He lives in Land O’ Lakes, Florida where he enjoys spending time with his wife and researching real estate trends in his free time. Max’s work as a freelance writer can be found on Building Product Advisors, a new construction industry resource launching in Fall 2022.