3 Remodeling Projects That Can Pay Off Big When Selling Your Home
With summer finally upon us, it means that the prime time for home buying and selling is upon us, and if you are one of the many homeowners out there who are looking to list your home this summer, you likely have your work cut out for you. While it might seem like undertaking a new remodeling project before listing your home is the absolute last thing you would ever want to do, you might be surprised to find out just how much it can help you when it comes to selling your home and getting a better price for it. There are a number of excellent remodeling projects out there that can help you enhance the appearance and function of your home, making it an easier sell, and many of these projects can almost wind up paying for themselves in the form of additional value for your home. If you are still a bit uncertain as to whether or not one of these projects might be a worthwhile investment for you, we invite you to take a few short minutes to read through this short list our team of professionals have put together. In it, we will detail several excellent remodeling projects that can net you the most bang for your buck when listing your home this summer.
Budget-Friendly Kitchen Remodels
When the subject of kitchen remodeling comes up, many homeowners out there instinctively wince. It's no secret that kitchen remodels can be both labor and monetarily expensive, but there are a number of ways to keep your remodel within a reasonable budget and maximize the amount of value you are bringing to your home for every dollar spent. A new kitchen remodel can be a particularly big selling point when you go to list because the kitchen is easily one of the most important rooms in the home. In fact, there are many instances where potential buyers are much more willing to overlook other flaws in the home as long as the kitchen has been updated. When done properly, a budget-friendly kitchen remodel can net you around 87% of its cost in additional value for your home.
If your home's bathrooms are a bit on the older side, or just generally outdated, you might be surprised to find out how big of an impact a fairly simple remodel can have when it comes time to sell your home. Next to the kitchen, bathrooms are the number two selling point in most home sales. In fact, bathroom remodels can be one of the most beneficial remodeling projects, netting you as much as 102% of their cost in additional value to your home as long as the work is tasteful and done properly. Even small things, like re-grouting your tile, replacing worn out caulk, and just updating your toilet can provide you with a serious improvement and make your home that much more appealing.
Update Your Floors
Floors are another big selling point when it comes to real estate, and taking the time to update your floors before you actually go to list can give you a serious advantage over other homes on the market. Having a little bit of new carpet installed is a fairly affordable way to give your floors a makeover, and while installing hardwood flooring might seem like too significant of an investment to make before selling, you might be surprised at how effective and affordable it can be to just have hardwood installed in the common areas of your home. Not only will this drive up the value of your home, but it will improve your home's visual appeal as well.