If you’re planning on selling your home, it may be in your best interest to make some updates before listing. Certain upgrades throughout your home can help you sell for more, while others may just be a waste of time and money on your end.
We want to share with you just a few home improvements that have been proven to provide sellers with the best ROI.
Installing new flooring is a must if you have outdated or worn flooring in your home. Invest in something timeless like durable hardwood or neutral carpeting. According to a report on the impact of home remodeling from the National Association of Realtors and the National Association of the Remodeling Industry, this update can get you anywhere from 115% – 150% recovery of costs.
Next up are kitchen and bath remodels. This shouldn’t be surprising. Homeowners who do complete kitchen and bath remodels can be expected to recoup around 75% of those costs. Again, it’s important to put your personal design preferences aside and stick to timeless and neutral designs and finishes in these spaces.
Not as glamorous but sometimes necessary is upgrading a home’s insulation. Priced at an estimated $2,500, all of that cost is expected to be recovered for a 100% return.
These are the top upgrades that can get you to get the most ROI when selling your home. A few other things to consider which can be a cheap alternative to a full renovation include minor bathroom updates like painting cabinets and replacing mirrors, outdoor landscaping, and replacing light fixtures throughout the home.
So, to recap. If you’re planning to sell your home and want to capitalize on making a little more money in the sale, focus on these upgrades:
- Kitchen Remodel
- Bath Remodel
- Minor updates like replacing light fixtures and painting
We hope you found this helpful! Please reach out if you have any questions or if you want to talk further about selling your home.