Selling a home can be incredibly stressful. However, that doesn’t mean that it should be avoided. Whether you’re looking to upgrade or downgrade, you can turn buying and selling your property into an investment. To make the most out of this investment, you are going to want to find a way to maximize your home’s value before it goes on the market. However, many people don’t know where to start when it comes to making home improvements. So, here are a few great ideas.
Consider Finishing Your Basement
Not every home has a basement, but for the homes that do it is a major advantage when it comes time to sell. People love basements for the space they provide to do chores like laundry or to use as extra storage. However, a finished basement that can be used as an extra bedroom, man cave, playroom, or any type of extra living space is incredibly valuable when selling a home. Considering that the average basement remodel will offer you up to a 70% return on investment, finishing your basement is a no-brainer.
Invest in Your Landscaping
The first thing that people see is your home’s lawn and landscaping. It’s also something that people take pride in. They want to live in a home with a nice yard, which won’t require a lot of work to be done to it. It’s a way of showing your neighbors that you care about your property. It makes the property more beautiful, and it makes the yard better for casual use. All of this goes towards a much more valuable yard.
Replace Your Windows
Whether you’re selling your home or not, it’s a good idea to check and replace your windows ever so frequently. Windows aren’t insulated the same way that the rest of the walls in your home are, and they are liable to have small leaks. This means that extraordinary amounts of heat and air conditioning can escape through your windows. In turn, this forces you to use more energy, raising your energy bill, to properly cool or heat your home. In fact, 38% of heat loss is through windows and doors, which goes above 50% if you have single-pane windows. When selling your home, it can also become a problem during an inspection. So, replace them as soon as possible.
Buy New Appliances
It may sound like an expensive investment but putting new appliances in your home is a great way to raise the value of the home as a whole. That’s because an old fridge or stove is going to actively devalue the home, as buyers look at it as something that needs to be replaced. Brand new appliances will have the opposite effect and boost the home’s value.
Stage Your Rooms to Maximize the Space
It’s incredibly important to stage your home before you go to sell it, in particular, if the home is currently vacant. This is done with rented furniture and art, a market worth 64 billion dollars globally in 2017, to make the house look lived in. This will give potential buyers an idea of what they can do with the home. Considering that many people struggle to visualize living in an empty space, this can help raise the price of your home.
Saving money when you’re buying and selling a home matters. Being able to boost the value of the home that you’re selling is like finding extra savings, though. It often isn’t easy to do, and you do need to be careful not to spend more than the improvement will boost the value of your home, but when you invest properly it’s a great boost.
