While winter is still in full force, it’s never too early to start thinking about some spring cleaning. With that in mind, home owners are most likely to be thinking about home repairs and home improvements. While not all renovations will add value to your home, there are some that will help boost the value of your property. So here are the 5 ways to improve your home’s value and improve your sale price.
Kitchen
The kitchen is the area of a home where a lot of families spend most of their time together. Having a functional, well lit and modern kitchen will increase the value of your home. Think about cooking, entertaining and dining functionality when renovating your kitchen. Not all renovations need to be major either. Small renos to improve cabinets, countertops and backsplash could also go a long way.
Windows
New windows not only get recognized by home buyers but also something that appraisers look at. New windows improve the appearance of the home but also add value by reducing utilities cost when choosing energy efficient windows. Vinyl, aluminum and wood windows are the most commonly used.
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Finished Basement
Completing an unfinished basement will definitely add value to your home as it will provide more living space to a family. If you’re thinking of selling a home with an unfinished basement, it’s recommended you complete it before selling it as an unfinished basement will become another project that the buyer will have to complete themselves. Buyers do not like to think of work that they have to do, but would rather picture themselves using the space.
See also: 4 things to consider in the real estate market
Attic Insulation
Attic insulation is an improvement that most home owners do not prioritize. Adding insulation to an attic will reduce your energy bills therefore making it an attractive feature to homebuyers.
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Roof Replacement
Water leaks is a weak point for a lot of homeowners. One small leak can turn into one major problem. A new roof will not only provide peace of mind, but it is also attractive to buyers as they know that they won’t have to spend a lot of money replacing it. Please keep mind that replacing a roof will only increase your home’s value if your current roof’s life expectancy is near it’s end.
Feature image by JESHOOTS.com
