Have you ever walked into a home only to feel like you’ve been transported back two decades? It’s amazing how much small details can date a home — and dated homes aren’t just lacking in style, they also receive lower offers when it’s time to sell. If you want to receive the best price when you sell your home, it’s important to keep it looking and working its very best.
When you’re planning a remodeling project, keep resale value in mind by following these three rules:
1. Don’t DIY beyond your ability
DIY projects can be a great way to save money. Unfortunately, they’re also a great way to end up with a botched paint job, unevenly spaced tiling, or shoddy wiring. Before you decide to DIY a home improvement project, make sure you have the skills to do it right. Otherwise, you’re probably better off paying extra for a pro.
2. Factor market demands into design choices
While the white kitchen appliances may be cheaper today, they’ll make your house a harder sell tomorrow. Rather than pay to replace something twice, factor future buyers’ wants into your design choices.
3. Choose temporary updates over shoddy remodels
If you desperately want to update your home’s look but can’t afford your ideal remodel, consider making short-term changes while you save up. For example, you can repaint kitchen cabinets or use area rugs to cover damaged flooring while you save to replace them with solid wood.
It’s not just how you remodel that matters, but also what you remodel. While some home features heavily influence your home’s market value, others are barely a blip on buyers’ radar. These are the rooms that homebuyers put the most stock in:
People spend a lot of time in the kitchen. It’s where we cook two to three meals a day, whip up gourmet dishes for dinner parties, and linger with friends over glasses of wine. So it comes as no surprise that Forbes rates the kitchen as the most important room in the house for homebuyers. However, the price tag for a kitchen remodel can range from around $20,000 to nearly six figures. To ensure you don’t overspend and waste money, look at the designs of new construction kitchens in your price range to get a feel for what buyers expect.
Bedrooms are simple rooms, but that doesn’t mean they should be a bland box. Buyers want master bedrooms that serve as a relaxing retreat from the hustle and bustle of life. That means plenty of space, tidy storage areas, and soothing hues. You can upgrade your master bedroom by painting it a muted, natural color, installing a ceiling fan and dimmable lighting, and adding built-in storage.
No master bedroom is complete without a master bath to go with it. And truly, it’s the ensuite bathroom that elevates the bedroom to “master” status. Buyers seek master bathrooms that are spacious and luxurious. That’s great news for at-home spa days, but bad news for your wallet: The average cost of a bathroom remodel in Los Angeles can range between $11,391 – $24,356. You can save money on the remodel by DIYing the demolition, shopping for materials yourself, and keeping the same footprint so walls and plumbing don’t have to move.
Remodeling projects should transform your home into a space you love to live in. But unless you like the idea of paying for home improvements twice, it’s equally important to factor resale value into your remodeling plans. That doesn’t mean you can’t have that funky accent wall or avant-garde chandelier— just keep your offbeat design choices to features that are easy to change when it’s time to sell.
Article provided by Bret Engle from DIYGuys.net.
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