When you’re selling your home, there are often times when the housing market gets a little tricky. When this happens, you may have more competition than you’d like for the same house hunters. However, with some assistance from these home improvement projects, your house will stand out from the rest and you’ll have a buyer signing that contract in no time.
Update Your Kitchen
If your kitchen is outdated, then updating it could not only entice buyers but also increase your home’s value. According to Home Light, you should choose kitchen projects with caution, as the return on your investment often won’t match what you’ve spent. In fact, a quick look at the figures show that while an average kitchen remodel can cost about $66,000, you’ll only recoup between 50 and 80 percent of that from the sale. Some of the projects that can give you a high return include updating the lighting, changing the hardware, and painting the cabinets, but that doesn’t mean you shouldn’t explore other possibilities. This can include adding an island, painting the kitchen, and installing a beautiful backsplash. To keep your remodeling costs low, look for less-expensive materials and get creative with what you already have.
Make the Bathroom Refreshing
Bathrooms are another area that can “wow” home buyers during a showing. According to Green Residential, the return on a bathroom remodel can be about 70 percent, so make sure you don’t go overboard with the spending. If your budget allows, you can create a master bathroom or an additional restroom on the ground floor. Since you’re trying to appeal to a wide range of buyers, make sure you go for timeless features while also sprinkling in a few affordable luxury items. While it’s important to keep your spending in check, taking on DIY projects without experience may cost you more money in the long run. One money-saving trick you can try is focusing on elements of your bathroom instead of gutting the whole thing. By painting, getting matching accessories or updating the vanity, the overall picture becomes impressive.
Add a Patio
When it comes to additions on the outside of the house, a patio is a good way to attract buyers. According to Space Wise, decks and patios are two of the great outdoor additions that house hunters love. Patios, in particular, can get you a great return on your investment. While the cost of this project will be between $1,565 and $6,799, the estimated return is over 100 percent so it’s well worth it. The quoted figure encompasses the cost of concrete at $108 per cubic yard as well as pouring the concrete, which can range from $8 to $18 per square foot. You can get quite creative with your patio design, but make sure you pay attention to the limitations of the space you have. It’s recommended that you avoid using up all the backyard space, though, because most buyers like having room for other activities.
Make the Landscaping Pop
After spending that much time and energy on the inside of your home, it would be a shame if buyers are turned away because of the state of your landscaping. The right curb appeal gives buyers a great first impression and makes them feel welcome. If areas such as the driveway and roof are in good condition, it will inspire confidence that you have been taking good care of the house. Since the emphasis of improving curb appeal is more on getting buyers interested in a home than increasing property value, make sure you set a manageable budget. For example, you can upgrade your door and porch lighting for less than $500. For budgets up to $1,500, you can replace the gravel in your driveway or create a seating area in your front yard.
Having made the decision to sell your home, it’s vital to show your potential buyers a property that they’d love to live in. You can accomplish this feat by freshening up your kitchen, bathroom, and backyard. Make sure buyers get a great first impression from your landscaping by tackling a few budget-friendly curb appeal projects.