Did you know that 5.64 million houses were sold in 2020 in the United States alone?
Planning to sell your house this year or in the future can be a stressful time, but knowing that you're doing what you can to get the best price makes it a little easier.
If you're planning to sell your home soon, you may want to perform some basic home maintenance to make sure it's ready. In addition to that, home improvement projects and simple renovations can increase your home's competitiveness in the market.
Keep reading below to learn about 4 home renovations that are sure to increase your home's value when you sell.
1. Upgrade All Appliances
A lot of home buyers will notice if the appliances in a home that they want to purchase have been upgraded or not. If your appliances are from the early 2000s, it may be time to upgrade them to more current models.
You don't have to buy the best of the best when it comes to these appliances, especially since you're not planning to live in the home for much longer after you sell! You can even invest in some very gently used appliances that are still new to the home and will be functional for a new buyer.
It's best to go with a matching set of appliances so that the look of the room still comes together. If possible, look for energy-efficient models as well so that even eco-friendly (or more budget-conscious) buyers will be interested.
2. Redo Your Bathroom
By spending a few thousand dollars, you can give your bathroom a fresher appearance with new fixtures, updated plumbing, or new caulk.
If you want to do a bigger overhaul, it's important to focus your energy on any high-value additions that buyers are sure to notice. This would include things like a new shower, new features specific for a modernized bathroom, or heated floors.
To increase home value, however, you certainly don't have to spend tens of thousands of dollars on big home improvement projects. If you have a limited budget to spend on your bathroom renovation, you can reglaze your tub or swap out the shower door for a trendier option to give your bathroom a simple (but noticeable) facelift.
3. Replace the Roof
When you think of the basic structure of your home, you likely think of things like the walls and floors. You also probably think about the roof.
This is because the roof is one of the most important components of a house as it protects you and your home from the elements, and buyers care about the quality and reliability of a roof on a home they plan to purchase.
According to the National Association of Realtors, adding a new roof to your home before a sale can give you a huge ROI when you sell.
4. Fix up Your Floors
Another big thing to consider when you want to renovate your home is the floors themselves. If you have hardwood floors, it may be time to refinish or replace them in areas of wear.
The cost of this type of renovation before you sell your home will depend on different factors, like the size of the area, the cost of labor, and the type of wood you have.
If you have carpeted areas, you also will want to consider replacing those spots or installing hardwood flooring in those areas as well. Many people, especially younger buyers, prefer hardwood floors to carpeted floors.
Home Renovations Lead to Higher Home Sales
While home renovations may seem daunting, they can help you sell your home faster and for a better price. Luckily, even small changes can make a huge difference.
When you're ready to sell, it's important to work with a high-quality realty group. Nebraska Realty has widespread experience in this market and can help you sell your home to the right buyer for the right price.
If you want to figure out what your home is worth, tell us more about your property, and let us help you today!