You might be wondering which home upgrades to invest in which will bring the most value and attract potential buyers. While some upgrades can significantly increase your home’s value, others may not be worth the investment. That’s why we’ve created a list of the top three upgrades to invest in and the three upgrades you should forget about. By following these tips, you can ensure that your home is market-ready without wasting your time and money on unnecessary upgrades.
3 Home Upgrades To Invest In:
Do: Paint
Reviving a room is an easy task with a fresh coat of paint. It is recommended to opt for neutral shades and introduce splashes of color through accessories like throw pillows or art pieces. The good news is that painting is a cost-effective home upgrades to invest in that can make a significant difference. Additionally, a fresh coat of paint can effectively hide any unsightly wall dings, nail holes, and other imperfections.
Do: A Kitchen & Bath Facelift
It’s common knowledge that when upgrading your home, the kitchen and bathroom are two key areas to focus on. However, there are also some cost-effective ways to make a big impact without going all out.
You can revamp your space by replacing your faucets, drawer pulls, and resurfacing your cabinets. Some appliance manufacturers even offer new and different colored faceplates. For instance, replacing the front of your dishwasher to match the other appliances can be an excellent way to save money and create a cohesive look.
The same principles can be applied to a quick bathroom makeover. You can easily install vinyl tiles on the floor over your current ones, do a deep cleaning of the grout, and re-grout if necessary. Additionally, fixing any broken hardware or cracked tiles, such as wobbly towel racks, can also make a significant difference.
Finally, instead of doing a complete shower renovation, consider installing a pre-fab cover. This option is much less expensive than a full shower overhaul.
Do: Landscaping
By planting flowers in the front yard or using a fast-spreading ground cover to cover the dirt, you can quickly enhance the visual appeal of your home. To maintain a tidy appearance, consider pruning trees and bushes and keeping the lawn well-mowed. If you live in a climate that permits it, succulents can be planted or decorative rocks can be used as a low-maintenance option. Additionally, small details like a newly painted mailbox or hanging plants and a bird feeder can make a big difference in the overall aesthetic. A well-manicured yard with thoughtful touches will undoubtedly capture anyone’s attention making it one of the best home upgrades to invest in.
3 To Forget About:
Don’t: Finish The Basement
Converting the space could become a significant undertaking that may require a substantial investment of time and money. Based on the figures, it seems unlikely that you’ll recover the majority of your expenses.
In any case, many homebuyers prefer to customize the space according to their preferences. For instance, they might want to transform it into an expansive game room or incorporate additional bedrooms.
When determining the property’s price, it’s important to consider the unfinished area and inform potential buyers that the pricing reflects this.
Don’t: Add a Patio, Deck or Pool
The expense of adding a pool to your property may not yield a significant return, and it may even discourage potential buyers. Instead, consider enhancing the appearance of an open area with plants or pavers. If new homeowners prefer a deck, they can customize it to their liking. It’s worth noting that some buyers with young children may have concerns about pool safety, and others may prefer not to deal with the maintenance and upkeep of having a pool on their property.
Don’t: Do A Major Renovation to The Kitchen or Bathrooms
Avoid spending money on a complete renovation unless it is absolutely essential due to water or fire damage. This is because the expense does not justify it, particularly when prospective buyers will have their own preferences. Some homeowners would rather receive a credit towards the home’s price, allowing them to upgrade the property as they see fit.
To summarize, it is advisable not to over-improve and instead keep things simple.