So you want to add value to your home, great idea!
In my 10 years as a Faulkner County Realtor, I have heard many reasons for improving a home. All of these made a lot of sense to the client, and they were willing to do the work -Adding more space, updating the style of the home, etc. and are all good reasons to improve your property.
However, if the only reason you are thinking about home improvement is to add value on resale, then you really should take a closer look at the projects you are about to choose. Home Improvement projects generally have an average return on investment of 70%. So for every $10,000 you invest in your property, you can expect about $7,000 in added value. But there are other things to consider:
Will it make your home sell quicker? Is the improvement something that needed to be done? Do you get to enjoy the improvement? These are things that add value in a different but important way. So let's look at the list I've compiled for you:
Upgrading Kitchens: This is a money making investment if it is done correctly. Here are some suggestions.
- New appliances (Stainless/ Black are popular)
- New Sink
- Solid surface Countertops
- Upgraded Electrical-GFI's so important
- New Flooring
Upgrading Bathrooms: This is another place that will add value to your dated home.
- New Fixtures on Tub, Shower, and sinks
- New Flooring
- Upgraded Electrical; GFIs are so important.
- Painting walls something more than white
- Tile Surround in tub and showers
- New Glass Doors in shower
- Solid Surface Countertops on sink vanity area.
A New Front Door: This is usually the first thing a buyer looks at when they drive up so if your door is old, dated, paint peeling, and warped by weather and water it may be a time to replace your door. If you have one of those older aluminum screens (not security screen), just remove it so your new door will be visible from the street. If the door is in good condition, give it a new coat of paint to upgrade it. This will give your home great "Curb Appeal".
Other General Areas: New paint and flooring throughout the house is one of the best ways to brighten and freshen your home for that potential new buyer and if you do the painting yourself and choose builders grade flooring you will get the greatest return on your investment.
Always give the buyer something to remember. And Last, but certainly not least, always call Wendy Ferguson as your Realtor!