Let’s face it. You want the most bang for your buck when looking to sell your home. However, not every spot in your home is created equal. Some renovations can dramatically increase the value of our homes more than others. If you are selling a house, this is very important to know. If you are looking at buying a home, it could be a great opportunity to increase the value of the home right out of the gate. In this article, we’ll break down where you should spend the most money on a home renovation.
Out of your whole house renovation, your kitchen will yield the highest return. Despite it costing more than other parts of the home, you will get more bang for your buck in the long run. In the kitchen, focus on getting new appliances first if they are outdated. Next, update the lighting and refinish the surfaces in the kitchen. If you have an island, consider updating to granite or another high-quality surface. Finally, fresh paint can go a long way without breaking the bank. Kitchens often sell homes. In the end, it can provide the most resale value of your home in the long run.
Bathrooms are another key room in your house. Do you have outdated wallpaper, sink or toilet? Fresh paint is another inexpensive option to start with and if you can consider replacing your sink or toilet with new fixtures, it will go a long way to make the room seem updated. Adding a new mirror, shower curtain and new towels are also good options for minimum spend with maximum benefit.
The exterior of your house is the first thing someone sees when arriving at your home. Replacing anything broken and making sure your landscape looks good is the top priority. If there is any clutter or debris outside, that should be removed immediately. Other options to consider updating would be painting or lighting. If your front door is outdated, changing that and making sure your windows are clean would also give your house the right curb appeal.
In the end, look into Effective Agents. We can connect you to the top selling Realtors® in your area to show you how to renovate your home the right way, putting more money in your pocket in the future!