Renovating your home is one thing—but renovating your home for improved resale value is another thing entirely. In this blog, the Hollywood home remodelers at The Home People will guide you through the most cost-effective home improvements to make before you sell your home.
The Minor Bathroom Remodel
A little paint here, a little caulk there—when it comes to cost-effective bathroom remodels, the smallest improvements will make the biggest difference. Many homeowners have seen a 102 percent ROI on full-scale bathroom remodels, so imagine the return you’ll have if you utilize some DIY skills and thriftiness.
Give your bathroom a fresh coat of paint, re-caulk some areas, remove old shower doors, and re-tile your space to make things feel fresh and clean. Use spray-on texture to even out damage and imperfections in your drywall, and consider replacing that old, dingy tub with a tiled shower space—tile is relatively cheap, and the results will look more spacious and luxurious than if you put in a new tub. Whatever you choose for your new bathroom, remember that the value is in the small details.
Unless you get a little crazy and add a hot tub or infinity pool to your yard, landscaping will usually pay for itself once you sell your home. Summer is the best time to sell your home (families like to move while school is out), and it’s also the best time to show off some quality landscaping—so head down to you local garden center to pick up some low-cost, high-impact greenery for your home.
You don’t need to hire a landscape designer for stunning curb appeal—all you need is some lush sod, plants at varying heights to frame your yard, and colorful annuals or perennials to give your home some visual pop. Bribe you friend with a green thumb to help you, and you’re well on your way to a beautiful yard and increased resale value.
A beautiful front yard isn’t just about landscaping—your home’s exterior plays a big role as well. Improvements like home painting, new siding, and front door replacement typically have an ROI of 95 to 100 percent, and they are very important for making a good first impression with potential homebuyers. We’d recommend you save these sorts of improvements for the pros—a DIY home paint job can be more disastrous than you might think. Even by hiring the pros, you’ll see excellent returns when closing time rolls around.
The Major Kitchen Remodel
You might ask—why no love for the minor kitchen remodel? My “That 70s Show” kitchen will look amazing once a tear down the wallpaper, right? Yes and no. There’s only so much you can do to resurrect an old, dirty kitchen, no matter how much paint and DIY experience you have.
Ultimately, the kitchen is the most complex and important room in the home. If potential homebuyers take a look at your place and notice a half-baked kitchen renovation, they’ll probably want to tear out the whole thing and start from scratch anyway. But give potential homebuyers a brand new kitchen, and they overlook just about every other flaw with your home because—did you see that awesome kitchen, Honey? I mean, we could tear out the puppy-stained carpets in the master bedroom and fix the leaky roof the week we move in. But really, those granite countertops in the kitchen are uh-maze-ing.
New homeowners want new kitchens, and they’ll pay top-dollar and make sacrifices elsewhere in the home to get them. It’s best that you give the people what they want, and get a 90-95 percent return in the process.
The Basement Boost
Not all basement renovations are created equal—it all depends on the current state of your subterranean space. Finishing an unfinished basement is a renovation with excellent value, as it provides potential homebuyers with additional livable square footage. Add egress basement windows that are up to building and fire codes to basement bedroom spaces, and you can increase the number of listable bedrooms in your home and spike its value instantly.
For those with small or single-room basements, a TV room doubling as a playroom is another great option. Costs are relatively low for these spaces—just make sure there are plenty of electrical outlets for the TV and other entertainment equipment.
Want to take a basement renovation to the next level? Add a small kitchenette or wet bar space so you can whip up snacks and crack beverages while you tear through the newest season of your favorite Netflix show.
Let The Pros Handle It
No matter what room or space you’re looking to improve, The Home People have you covered! We have decades of experience with kitchen and bath remodel, home additions, and everything in between, so give us a call whenever you need help preparing your home for the housing market—whether you need a full-scale home remodel or just a coat of paint. Schedule a free estimate today!