Preparing and updating your home before putting it up for sale may seem challenging, but it can be very profitable. Repairs and mishaps often seem like problems or issues the buyer will have to fix on their own, which can throw them off and lower the chances of selling your house for a huge profit.
If you do not have the time or money to contribute towards home improvement, then Leave the Key Homebuyers may be a good option to sell your home right away in its current condition. However, if you have the time, patience, and budget, home improvements can appreciate the value of your home. Keep reading to learn more.
Top Home Improvements for Substantial Profits
- Yard Landscaping
The outside of your home makes the first impression on your buyer. It would help if this is presentable. Overgrown and patchy yards can be a major throw-off so make sure to remove any dead plants or grass and keep the yard nicely trimmed.
It is also a good idea to plant grass seeds, fertilize plus re-sod for a refreshed and greener look. Neatly edge to define proper spaces and add straw or fresh mulch to revive the area. Plant new shrubs and perennials to make the yard more appealing and inviting. Professional landscaping costs around $2,600 to $13,700. If that seems too expensive, you can also opt for DIY yard revamping:
- Purchase grass seed, plant it, and water it well
- Mow the grass to keep it even
- If you do not have a lawn edger, use a sharp, heavy-duty knife to keep the edges sharp and neat
- Get bright annual flowers from your local flower shop and plant them around the edges or pot them to make the yard more appealing
Painting has the highest rate of return and is the lowest home improvement you can make. Many home sellers opt for repainting to give their house a facelift and offer buyers a fresh and blank canvas.
Fresh paint adds $7,571 in resale value (152% ROI) and costs around $3,000 on average. Since the profit is substantial, investing a few thousand dollars in repainting is a good idea. If required, you can also get a professional for color recommendations. Professionals can guide you towards the best neutral color for your furniture, flooring, and lights. If you are confused, the safest colors to use include gray and white.
Nearly 26% of homeowners repair flooring and carpets as part of the home improvement process. It is a good idea to invest in similar seamless flooring for your entire house if you have lots of floor space. Even though carpeting is less expensive, wooden or faux wood floors are the perfect choice to make your flooring stand out.
If you cannot afford this, then opt for neutral-colored carpeting instead. Professional flooring costs between $0.60 to $4 per square foot and does not include additional charges. Carpeting costs $2.5 per square foot on average. If you cannot invest in either of these, then look out for deals on older discontinued styles.
Alternatively, you can opt for professional floor cleaning to touch up worn-out or discolored hardwood and get rid of dirt/grime. Don’t forget to place a nice rug wherever required to make your floor pop.
- Bathroom Upgrade
An old bathroom can make a household feel outdated. The good news is that you do not need to spend heaps of money to make your bathrooms look like new again. Invest in a natural tone countertop, new tiling, frameless glass doors, cabinets, tub, sink, faucets, and lighting fixtures as required.
Remember that a minimal look is in, and neutral colors are always the safest. Opt out of designs and raised panels when picking cabinetry. A bathroom remodeling will cost around $70 to $250 per square foot. You can also opt for deep cleaning of grout lines, cabinet repainting, and tub reglazing if you want to spend even less money.
- Replacing Light Fixtures
Replacing old lights is not a huge investment and can easily make your home look brighter and more inviting. Whether you opt for pendant lighting, ceiling fixtures, or chandeliers, keep the colors consistent with your furniture.
Do not mix gold and silver tones; instead, mix metals like brushed nickel and chrome or copper and oiled bronze. Remember that old brass fixtures can make your house look old, so opt for something that gives a new feel since you are spending extra money.
The light fixture cost depends on the number of lights you wish to replace and the type of lights you choose. This can range between a few hundred to a thousand dollars. Get an electrician on board to prevent the risk of electrocution if you do not know how to handle wiring.
A few simple home improvements can help you appreciate the value of your home by a substantial sum. This not only allows you to recover the initial expense of home improvements, but also allows you to earn a greater profit when you finally sell your house.
Iskra Banović is our seasoned Editor-in-Chief at BlueFashion. She has been steering the website's content and editorial direction since 2013. With a rich background in fashion design, Iskra's expertise spans across fashion, interior design, beauty, lifestyle, travel, and culture.