When fixing up your home, remember that not all home upgrades offer the same return on investment. You may love your new pool and firepit, but a newlywed couple with a baby on the way probably won’t. To get your money’s worth, focus on basic upgrades that you value and home buyers will value as well. Here is a list of upgrades that are guaranteed to add value to your home:
What’s the point of spending thousands of dollars on home upgrades if buyers can’t properly see them? High wattage lights can make your small space feel open and warm. Replacing old bulbs and fixtures is easy and inexpensive and can have the greatest impact on the look and value of your home.
2. Hardwood floors
If there’s one thing to be learned from watching House Hunters, it’s this: hardwood floors or nothing. Buyers go nuts over hardwood floors. Don’t waste your money on replacing old carpet. Instead, spend some money on valuable hardwood flooring. It’s easier to clean and gives that feeling of nature without actually having to live near nature.
3. Open floor plan
This may be the most invasive upgrade, but knocking out a non-structural wall opens up your space and creates a sense of flow in your home. It gives the illusion of a larger living area, and subsequently larger value. You’ll also have the liberty to toss around words like ‘energy’ and ‘feng shui’ to potential buyers.
4. Front door
It’s never good to judge a house by its siding, but buyers do it anyway. To make a great first impression, invest in exterior upgrades like an awning above the front door, steel entry doors, or a new door knob. And for the sake of realtors everywhere, make sure you’re doorbell works.
5. Going green
It’s not just hippies in VW vans anymore, everyday people are interested in going green. Solar-powered utilities and green tax credits can save you money every month. Aven if they’re not interested in saving the planet, buyers recognize that an energy efficient home will save them the most important kind of green: money.
GoldenKey (formerly known as Solopro) is an interactive online marketplace that makes it fast and easy for home buyers to find and hire real estate professionals to perform specific tasks. GoldenKey is not a real estate brokerage, does not provide any real estate brokerage services, real estate advice or "real estate referral services" and does not provide or participate in any representation.
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