Factors like location and the popularity of that market have a significant impact on a home’s value. However, keeping up with repairs and making smart upgrades are proven ways to build up equity and see the property’s value increase over time.
Whether you’re planning to sell your home now or you simply want to start growing the value of your investment, there are some steps you can take to enhance and make it more desirable. Here are the top home improvements that can help you sell faster than the average and at the highest price.
Sell Any Unused Land
Subdividing your land can have many upsides, including increased profits and flexibility. If you have a parcel of land and farm that is unused, you may want to consider subdividing the land for sale to maximize your real estate resources. By selling off a part of the rural property for immediate profit, you can use the capital to spruce up your home and even expand it, getting the best of both worlds. The simplest option to sell the unused part of your beautiful land is to put it up on land sites specialized for online land sales and get cash for it. You can promote the listing on social media and even organize online auction events.
Clean and Declutter Your Home
Buyers love a pristine home. So, decluttering and deep cleaning your home can add over $4,000 to its sale value. Cleaning and decluttering are inexpensive but require a lot of effort. Start by going through closets and cabinets and start a donation pile. Then, clean out drawers and storage areas. Make sure you’re not keeping anything you don’t need or want.
Add Fresh Paint
Paint can do wonders in sprucing up the look of your home. It can make both the interior and exterior look fresh and updated, and it’s not even that expensive. The average cost of painting a wall is $1.50-$3.50. When choosing colors, keep in mind that neutrals will make your home more desirable as that palette appeals to many people.
Update the Bathrooms
Bathrooms are essential rooms in any home. If yours is older than 10 years, you should consider updating it. A full bathroom can be pricey, but some simple upgrades can bring new life to the space. For instance, add a fresh coat of paint, replace old plumbing, and add modern lighting fixtures and vanity. If needed, replace the tiles, faucets and countertop, and repaint or buy new cabinets.
Improve the Air Quality Inside Your Home
If your home has older carpets, they might be full of allergens and contaminants, which might affect the air quality inside your home. To determine if these need replacing, hire a professional to test your indoor air quality. If the results show that they should be replaced, go for environmentally-friendly products such as laminate or tile floors. Floors with hard surfaces are easiest to clean, give the home a more polished look, don’t hold odors, and are more appealing to buyers.
Enhance the Curb Appeal
Patchy lawns and overgrown bushes will negatively impact your home’s marketability. Curb appeal accounts for up to 7% of a home’s value, so it’s worth taking the time and effort to enhance it. The great news is that you can do it without breaking the bank. First of all, trim the lawn and shape the hedges and trees. Then, install a walkway, add a new patio, and construct an outdoor kitchen. These features can make the home look more enjoyable and boost its value.
Remodel the Kitchen
The kitchen is one of the house’s rooms that rank high on the potential buyers’ priority list. A functional and modern kitchen will significantly boost the home’s value. Consider the current kitchen trends and what customers prefer now. When embarking on the journey, it’s good to consult an interior designer to let you know how you can best use the space. Try to give it a more open look, replace old appliances, and install a kitchen island and new countertops.
Upgrade to Energy-Efficient Features and Appliances
Energy-efficient upgrades will reduce the utility bills while you own the home. Moreover, when it comes time to sell, these upgrades will make the home more desirable to buyers. For example, install double-pane windows and LED lighting. Also, install improved attic insulation and invest in smart appliances to increase home value and appeal to energy-conscious buyers.
After making some upgrades and building equity, selling a home can be an amazing opportunity to make some money. You can increase your prospective sales price and profit potential by using these simple, budget-friendly tips to enhance your property.