Article courtesy of Suzie Wilson
If you’re planning to sell your house, it’s best to delay putting it on the market until you’re sure it’s in the best possible shape. Apart from repairing essential areas that would affect the home’s stability, there are a number of projects you can invest in that will get your home off your hands in no time.
Renovate Your Bathroom
One of the areas that will likely need your attention is the bathroom. According to Clever, when you’re doing a bathroom remodeling project, it’s important to weigh the costs you’ll put in against the value you’ll receive. While these projects can cost between $3,000 and $12,000, you’ll only add a maximum of $8,000 to your home’s value. Even if you have a small bathroom, there are some ideas that can charm your potential buyers. One of the mini renovations you can consider is changing the floor or shower tiles. Generally, your choices are ceramic and porcelain, with ceramic being the cheaper option because it’s not as durable as porcelain. Installing ceramic tiles indoors can cost anywhere from $0.50 to $7 per square foot, while porcelain tiles can cost between $3 to $10 per square foot.
Work on the Kitchen
According to Dave Ramsey, 80% of homebuyers consider the kitchen to be one of their top three most important areas of the home. That means it’s definitely somewhere you should pay attention to when renovating. Unfortunately, the ROI on a kitchen renovation when it comes to your home’s value is approximately 54%, so you’ll need to control your budget. When you’re trying to save money on your project, make sure to start with a plan. It helps to break your ideas into manageable sections so you’ll know what you absolutely need to address. You may also find that you can do some of the work yourself or cut costs by getting certain materials at a discount. Don’t disregard the impact a coat of paint can make on your kitchen’s appearance.
Make the Home Energy Efficient
An increasing number of homebuyers are interested in homes that are energy efficient, and according to NerdWallet, a number of them paid top dollar for them. In fact, preceding years have seen homes with energy-efficient features selling for as much as 6% more than expected. Before you take on any of those projects, though, it’s best to have your home audited so you know where the bulk of your energy is being spent. This will give you a good idea of which projects you need to tackle as well as what gives you the best bang for your buck. Some of the improvements you can make to your home include incorporating more natural light, changing your windows and beefing up the home’s insulation.
Add More Square Footage
One more thing your potential homebuyers will like is some additional square footage that they can make their own. The impact on your property’s value comes from not just adding more space but making sure that space has a purpose. Your homebuyers will not be interested if you add space they can’t use. If your budget allows, you can create quite a bit of extra space by adding an entire top floor. For less extreme renovations, how about building a bedroom above the garage or extending the kitchen? It can also be helpful to finish the basement or do some work on the attic so homebuyers can have more usable space. If you have a front porch that might not get much use, it could be beneficial to convert it into a sunroom.
It’s not uncommon to wonder which home improvement projects will get your home off the market quickly. Just make sure you choose your projects wisely and monitor your budget so you’re not spending more money than you’ll get back.
Photo courtesy of Pixabay
Thank you Suzie Wilson for writing this article for Peer 2 Peer Real Estate
You can find Suzie at
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