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6 Home Improvements to Attract More Buyers

As we approach the new year, it’s a good time to set goals for 2018. Adding home improvements are a great way to add value to your home. If you are considering the sale of your home now or in the future, we would be happy to share our knowledge and expertise with you. Following are six home improvements that will generate more buyer interest, along with the average return rates for each project according to HGTV.com.

Bonus Room Updates – Average return at resale: 72.8 percent

Turn your empty bonus room into something practical. Keep in mind the needs of your target market and remember that families will utilize these spaces differently than empty-nesters. Bookshelves and cabinet additions can make for appealing storage spaces. Adding French Doors can help potential buyers envision a play room or a home office.

Replacement Windows – Average return at resale: 89.6 percent

Replacing windows can be a costly project, but don’t underestimate the return it brings. Energy conservation is big for buyers, and new technology equals big returns on investment. For hot climates, there’s low-e glass (low emissivity) that reflects heat by blocking infrared energy. Argon gas can be placed between window panes to prevent heat transference through the window.

Kitchen Remodel – Average return at resale: 91 percent

A complete kitchen remodel will be expensive, but it’s an investment that will often pay off. A full package can be the factor that puts you above the competition and will have buyers competing over your house. If the values of homes in your community have increased, and your kitchen isn’t up to par, consider a major remodel rather than small fix- ups. An eat-in kitchen is high on the list of buyer desirables.

Bathroom Remodel – Average return at resale: 93.2 percent

Whether you go small or big on bathroom updates, there’s a consistent return on investment. Sometimes relocation of the major pieces can give the illusion that there is more space. New lighting, a linen closet, and fresh tile can equal a big payoff that buyers will love.

Exterior Improvements – Average return at resale: 95.5 percent

An updated front entryway and some fresh paint will turn many buyers’ heads. One gallon of paint covers roughly 400 square feet, and is one of the most cost effective upgrades to increase your home’s curb appeal. Accent lighting can draw more attention to your home’s best exterior features and provide a sense of security.

Landscaping – Average return at resale: 100 percent

This is a no-brainer investment to bring more interested buyers to your doorstep. If you’re stuck for ideas, most garden centers will offer free consultations. Find a color scheme with your landscaping that accents your home’s color palette. Sod usually costs around 30 to 35 cents a square foot if you want a rough idea of what it will cost to replace your lawn. A custom walkway and fountain will also add considerable appeal.

We’d like to wish you and your family a very happy and healthy holiday season!

Filed under: Blog by Erin Hudson