If you’re planning to sell your home, you are likely budgeting for improvements around the house to make it more appealing. Preparing a property for the real estate market can be an expensive undertaking. Recoup some of your costs by choosing smart upgrades. Here are ideas for projects that add value to your home.
Add a Home Office
Because working from home is becoming more common, potential buyers will be interested in a home office. If you don’t have an office, make a useful workspace for your family to use with the added bonus that it appeals to buyers. An extra bedroom, your unused attic space, or even a small nook under the stairs can be converted into a functional home office.
New Lighting is One of the Least Expensive Projects that Add Value to Your Home
Outdated lighting makes a home feel older than it is. Bright, natural light is preferred, but if you cannot add windows or skylights, opt for new lighting fixtures. Choose clean, modern styles and use LED bulbs for good lighting that is also energy-efficient. Well-lit living spaces look roomier and more cheerful. It’s easy to replace most light fixtures yourself. Before you put your home on the market, spend a weekend on this inexpensive home upgrade.
Install a New Door
The front door is one of the first things a potential buyer will notice when visiting your home. Boost curb appeal and improve home security by installing a new insulated steel door. Choose a bold color for the door that complements the home. The entryway will feel more welcoming and the home will be safer and more energy-efficient.
Install Smart Home Features
Homebuyers appreciate modern “smart” home features. Install a security system that can be monitored by an app on your phone. Other ways to include technology around the house include lighting, power outlets, and a thermostat that is controlled with your smartphone.
Projects that Add Value to Your Home Include a Finished Basement
You can expect to spend thousands to completely finish your basement, however, the return on investment for this type of project is very good. By finishing this space, you are adding usable square footage to the property. You might consider extra bedrooms, a sitting area, or a game room in the basement.
To further boost your home’s value, make an in-law suite or apartment downstairs. A fully-equipped separate apartment with its own entrance will be a selling point when your home goes on the market.
Add New Kitchen Appliances
Each appliance in the home has a life expectancy of between 9 and 15 years. Over time appliances wear out and need to be replaced. The buyer will take into account the condition and age of the appliances when making an offer on the home.
Replace your kitchen appliances to increase the property value and add a significant selling point. A buyer is more likely to make an offer knowing he or she won’t have to immediately spend money on new appliances.