Not all home renovations are helpful in terms of making a home more appealing to home buyers. More so not all remodeling projects will raise the market value of a real estate property. Real estate experts say there are certain remodeling ideas that may not cost as much, but definitely helps a property sell faster and at a higher amount.
Home and Garden Television for instance shared a list of home upgrades that definitely up the resale value of a home. Topping their list is a bathroom remodel saying that most likely it can recoup 102% of the expense that will be thrown in on the upgrade plus it can encourage buyers into signing the dotted line ASAP.
“If you can pipe a child’s name on a birthday cake, you can re-caulk a tub. Use a softener like CAULK-BE-GONE to get rid of the old caulk. Fill the tub with water after you’re done to stretch caulk while it dries. If your old tub is too large to fit out the door, re-glaze it for a like-new finish. Cost: $300 to $400. Remove dated wall coverings and apply a fresh coat of paint. For damaged walls, spray-on texture provides quick coverage. Replace old shower doors or remove them to add the illusion of space.”
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Gardening and Landscape
Time.com meanwhile shared affordable home renovation ideas that could allow any property owner to cash in more on their property. One remodeling idea that they thoroughly discussed in their article is an improved landscaping. However it cautioned against lavish details saying that too much design especially that which can connote much work later usually does not pay off. Real Estate Wiki
“A little lawn care can go a long way. Six applications of fertilizer and weed control, a project that should cost roughly $330, returns $1,000 at sale, according to a recent survey by the National Association of Realtors. Willing to spend a bit more? A stone walkway lined with greenery estimated to cost $4,750 returns an average of $5,000 at sale, the survey found. Why? ‘You can only have one first impression,’ says Buffalo appraiser Jim Murrett. Just be sure to keep it simple.”
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Forbes.com also shared its thoughts on the subject as it published the article on three things a homeowner can do to increase the value of his home. One of the sections of the article discussed how a kitchen upgrade can help improve a home’s property value. National Association of Realtors
“Kitchens will give you one of the biggest returns on your investment, says Aaron Bowman, a realtor in Connecticut. Start by replacing old appliances with new, and make sure all appliances match if possible. You can reface or replace outdated cabinets, as well as revive old flooring with newer tile or vinyl options. And even very simple updates, like a backsplash or new appliances, can be a valuable place to put your money.”
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Experts say upgrades need not to be over the top to positively affect a home’s resale value. It just has to be thoughtfully done, as if thinking what could a new homeowner appreciate about the house he just bought.