Your home is likely the biggest investment you will make in your lifetime. Sometimes first homes require home renovations. After you have made these changes, you will likely be feeling pretty great. It is a big deal to own a home and if you own a property, you can pat yourself on the back because you have “made it.” However, there is often a time in a person’s life when they want to move on to bigger and better things, whether it be buying a second property or moving into a larger home.
When this time comes, you will likely want to get back what you paid for the property and more, if possible. Luckily by implementing more home renovations you can help increase your return on investment. Continue reading for 5 examples of home renovations that will help improve your ROI.
Home Renovations That Will Increase Your ROI
Replace Your Garage Door
A home renovation that may fly under the radar for many people when deciding how to increase ROI is replacing the garage door. A garage is one of many things on a buyer’s wish list, making it an excellent thing to highlight when getting ready to sell. Many homes have the original garage door that was installed when the house was first built. Replacing the garage door and the mechanisms that control the door can greatly improve the utility of your home, making the house much more appealing to potential buyers.
Finish Your Basement
Another common desire of home buyers is a finished basement. While an unfinished basement is not often a deal breaker for buyers, having a finished basement offers more living space which allows you to increase the livable square footage when listing the property. Having more square footage can also increase the price of the property overall.
Fix Up Your Bathroom
A wonderful way to increase the value of your home is to make some improvements to your bathroom. An outdated bathroom screams “overpriced option” to home buyers. Having a clean, relatively well-refurbished bathroom is much more enticing. Actions as simple as updating the backsplash or flooring can increase the ROI of your home. Also, the quicker you are to make plumbing repairs, the better your sink and shower will work over time– which is good for while you are living on the property and for when you are trying to sell it.
Make Small Kitchen Renovation
One of the most important rooms in your home is the kitchen. Keeping your kitchen in good shape and making small renovations over time is an excellent way to increase the return on your investment. Everyone wants a nice kitchen where they can cook and spend time with friends and family. We recommend updating your appliances occasionally, keeping the paint fresh, and updating the backsplash before listing your home for sale.
Update Your Home’s Exterior
One of the most important things you can do for your home makes it more attractive to the eye. Curb appeal is one the most important parts of home selling. Potential buyers will look at pictures of your home or drive by and make snap opinions about whether the house is a good option for them. By simply throwing some new paint on your home’s exterior, adding new plants, installing new windows, or fixing broken gutters or siding, your home will become instantly more appealing to potential buyers.
Do You Want To Sell Your Property?
If you are looking to sell your home after improving it with home renovations, you are likely to want to get the best profit possible. Luckily, with the right real estate agent, your property will begin to receive great offers that you could not possibly refuse. We at Besst Realty can help your property gain attention from the right people and help you sell your property quickly and efficiently. We will help you understand all of the jargon used in the closing proceedings and guide you through every step of the selling process. Reach out to us at Besst Realty today.