Three Renovations to Help Increase Your Home's Value
A lot goes into determining what price to list your home at. From comparable rates of nearby homes that have sold to upgrades that you have made since moving in, the listing price can decide the response of potential buyers. Buyers are less likely to look into a property for sale if they feel that it is overpriced. This is why choosing the right price is crucial in getting attention from buyers. If you are going to ask for a higher price than what the comps show, you have to have something to back it up. This includes making quality renovations. To get the most out of your home's value, here are some renovations that will help boost your selling price.
One of the best improvements you can make to increase your home's value is adding a deck. Decks are very beneficial in allowing you to socialize with friends, enjoy family time, and grill up your favorite meats. HGTV experts state you can earn a return of about 65% to 90% by adding a deck to your home. You don't have to add a ton of bells and whistles to your deck to get a lot out of it. In fact, if you add too much, you could end up elevating the price of your home to the point that it no longer fits within the average buyer's budget. It is best to speak with a contractor like Stritar Construction that can give you an idea on affordable styles that are trending in decks before you make a decision.
Kitchens and bathrooms are the most important rooms for buyers. If done properly, a bathroom remodel can net you an 85% ROI. If you are working with a small space, you can still make a big difference by making the right choices. Leave the plumbing where it is and focus on the fixtures. Updated fixtures can make the bathroom look brand new. Things as small as new cabinet knobs and a new sink faucet can make a major difference in the look of the bathroom.
One of the first things people notice when they pull up to your home is its curb appeal. This tells buyers what to expect when they go into your home. A great landscaping plan includes flowers, trees, bushes, and more. Doing it yourself can save you a lot of money, whereas hiring a professional landscaper can help you determine what areas need to be spruced up. Overall landscaping can help add 28% to your home's value.