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Docks are a great addition to any waterfront property, providing a place to swim, fish, launch boats and relax. If you have equipment and … Table of Contents Why is resale value important? Important things you shouldn’t spend a ton on What are the little things? Top 10 Home Improvement Projects for Resale Value 1. Update with Paint 2. Work on Curb Appeal 3. Update Your Kitchen 4. Declutter Your House 5. Fill Up Your Home 6. Update Your Bathroom 7. Update Your Lighting 8. Improve your quality 9. Improve your housework 10. Change your base. Get What You Give We’ve all had those times when we wish we could change something about our living space. The great thing about owning a home is that you can make that change. And best of all, updating and updating your home will increase the market value of your property. Why is resale value important? If you want to sell your perfect, beautiful home for one reason or another, it would be nice to make money from it. Even inexpensive improvements can increase the value of your home. 95% of homeowners say they plan to undertake a major home improvement project in the next 5 years. Increasing the value of your home will benefit you in the long run. For example, a finished basement can add more than $30,000 to the asking price. Important Factors When selling your home, there are some factors that affect how well it will sell. Prospective buyers are always looking for something great in a great location. The location of your home is very important. Is it a safe place? Are there good schools nearby? Is it a quiet place? Close to grocery stores, gas, entertainment and amenities? The appearance of your home is important. Look for paint chips, old broken wood, or discolored spots. Remove weeds and grass to keep the soil clean. If your house doesn’t look good, when people drive by and see a “for sale” sign, they’ll keep driving and say “No wonder it’s still for sale, that house looks like a ghost.” Storage space is also important. Most people are not minimalists and spend our years accumulating things. Having a storage space will be very important when people are looking to buy a new home. You don’t have to spend a ton The average cost of a home renovation or improvement project is around $4,000. However, you can always do small projects that don’t require much time or effort. When you start home improvement, you need to take care of the details first. These are things that no one can see at first glance, but they will affect how potential buyers see your home. What are the details? You have to repair broken machines and electrical equipment. Buying a new sink or dishwasher can cost upwards of $1,000, but you’ll get good use out of it and improve the look of your kitchen. Removing old wallpaper and paint is essential to adding value and is a small job. To make the job easier, you’ll want to get a wallpaper steamer (trust me, I spent an entire day removing wallpaper from our kitchen last week) and a paint scraper to remove all the old chips. This task takes time, patience, and strong shoulders, but if you have a good playlist or audiobook, you’ll be able to do it quickly. You can also take care of overgrown weeds and plants in your yard. Combine this with trimming bushes and trimming old limbs from trees for a clean look. You also need to repair your plumbing. If you have rusty or clogged pipes, slapping on a new sink or shower head won’t solve your problem. Top 10 Home Improvement Projects for Resale Value Based on surveys and self-reports, the most popular home improvement projects in 2022 were interior painting, bathroom remodeling, and adding new flooring. However, the top 5 projects in 2022 that added the most dollar value on average were HVAC System Upgrade, Garage Door Replacement, Stone Siding, Door Entry, and Vinyl Siding Replacement. If you’re ready to explore some ideas on how to improve your home to increase its resale value, read on for 10 project ideas. Share This Infographic 1. Renovate with Paint Painting can be one of the cheapest projects you can undertake. A gallon of paint can cost anywhere from $25 to $50, and you can do it yourself. You’ll be surprised how many small scratches will accumulate on your walls over the years. When painting the interior, make sure floors and moldings are covered with painter’s tape so you don’t have to worry about drips. You’ll also want to make sure you have good ventilation in your space. There’s nothing worse than a steam-induced headache when you’re trying to sleep at night. You can also update the exterior paint job. Wash your exterior to remove the weather from your home, then apply a fresh coat of paint to give it a new look. This adds to your curb appeal and can add years to your home. However, if you decide to paint your exterior, we recommend calling a professional. Professionals will have access to wholesale paint prices and will be more adept at landscaping and climbing tall ladders. Remember that safety is the most important thing. 2. Work on Cub Appeal Your new exterior paint job will greatly contribute to your curb appeal. Other considerations for caring for your outdoor space include weeding and clearing of unwanted plants. It’s time to ditch those bushes you’ve always hated and narrow your path. Replace your old mailbox and replace your broken wire. Keep your lawn clean and plant flowers. We know it’s what’s on the inside that counts, but in this case, the outside is probably more important. You’ll never tempt people to stop their day to look at your home if your exterior needs work. 3. Renovate Your Kitchen A complete kitchen remodel can cost up to $80,000, but it can be done for much less. And according to the 2022 Reconstruction Impact Report, you can get about a 75% return on investment. Even small updates like adding a backsplash can add visual appeal. You can upgrade your appliances and sinks. Install new countertops to add storage and functional space. Repaint or remove cabinets and moldings to get a new color scheme and paint the room together. 4. Stage your home and declutter When your home goes on the market, you can add a lot of curb appeal by having a clean and cohesive look. Buying or refurbishing furniture can add to the mood of a room. You can even sell some of the furniture and the house. Clearing the clutter allows you to show off the proper storage spaces that your home has to offer. Potential buyers will be able to see the square footage they can use. They will be able to see that your home is their new home. 5. Add to your home Adding a new room, bathroom, garage or basement can be a big job, but it will give you a big return on investment. Physical expansion increases the square
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