Want to make a greater profit on your house sale? Investing in some smart home renovations might be the key to increasing your property value and ultimately earning a better profit.
First and foremost, you must invest where it matters. Some renovations can yield high return on investments and immediately raise your property price tag.
Here are a few examples:
#1 The KITCHEN!
By far the best investment you can make in your house. The question is: How much should I put on a new kitchen? First, calculate 10% of your property value. This amount represents the maximum budget you should spend on your kitchen… to make sure you get a return on your investment! And it should not take more then 50% of your square footage.
#2 The BATHROOMS!
Bathrooms – or I as I like to call them the second most important rooms in a house. Whatever the amount you are willing to pay for your new home, 2 bathrooms and 1 powder room is perfect for a family. A little advice, you can convert a wardrobe into a small powder room on your main floor. As for the 2 bathrooms, if you have the room to install them both on the second floor it’s great, otherwise you can also place one on the second floor and the other one in the basement. As long as you have at least two… it will bring the value you are looking for!
#3 Roof, Windows & Doors
These three home essentials are a safe bet to increase the value of your property. The quality of a roof, windows and doors are amongst the most noticeable details that hit potential buyers’ first impressions of the house. New roofing and an exterior door that match the color scheme and design of your property bring great aesthetic appeal. New windows also add to the aesthetics of the house, in addition to providing energy savings, reducing noise, and preventing water leaks or poor isolation.
#4 Laundry Room
I know what you are thinking… investing in a laundry room, really?
YES! LAUNDRY ROOMS are in! Converting an unfinished laundry area into a nicely remodeled laundry room can bring added value to your property. Plus, these renovations are generally quite inexpensive. You can also find plenty of great decorating and remodeling ideas on HOUZZ or on Pinterest.
As for the remaining of the house, changing the doors nobs, adding new lighting fixtures, and installing new curtains can instantly enhance the look and feel of your property.
To learn more about investing to increase your house value or to list your property for sale, please do not hesitate to contact me. I will be glad to assist you.
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