5 Upgrades That Will Increase Your Home’s Value
Most people purchase a home to satisfy two basic needs: 1) need a place to live and 2) an opportunity to build long-term equity or savings. In order to help home seller’s achieve the latter, we decided to identity five home improvements that will increase your home value when it’s time to sell.
1. Give your kitchen a makeover
The kitchen by far is the most important room in a home. It’s the place where people spend most of their time congregating and socializing. It is therefore not surprising that prospective homebuyers want a house with a beautiful kitchen. So if you are thinking about spending money to increase your home’s value – think kitchen first. Simple upgrades like installing new countertops, painting cabinets, and adding a tile backsplash can transform an outdated, tired looking kitchen into a modern showpiece.
2. Freshen up your bathroom
The next most important room(s) in the home is the bathroom(s). Nobody wants to step into a bathroom that is outdated or filled with moldy tiles and rusted fittings. Before putting your home on the market, replace those old, outdated fixtures (faucets, toilets, and lights) and install some new tiles. An updated bathroom(s) is an upgrade that will enhance your home’s value to prospective homebuyers.
3. Update your lighting fixtures
When it comes to home upgrades, one area that is often overlooked is lighting fixtures. Not only does good lighting help you show off your home in the best possible light (no pun intended), but it can also make your home feel more modern and comfortable. Install LED lights to help reduce energy usage, and replace outdated ceiling fans with modern models that match the style and decore of your home.
4. Add some curb appeal
The outside of your home is the first thing prospective buyers will see when they visit your home. As first impressions matter, make sure the outside of your home achieves that “wow” factor. Consider replacing your front door with a new, modern model that complements the style of your home. Add some new outdoor lighting fixtures that accentuate the architecture of your home. Finally, give the front yard a facelift by planting some new flowers and plants to give buyers a welcoming feeling right from the start. These are just a few ideas you can do to improve your home’s value.
5. Replace your windows
Finally, replacing old windows with new ones will not only improve your home’s energy efficiency, it can also make your home look more modern and up-to-date. Choose windows with a high energy rating to help lower energy bills, and consider adding convenient features such as window screens, blinds, and curtains to give your home added privacy and security.
These are just a few ideas you can use to help improve your home value when you decide to sell. If you are still unsure on which home improvements to make, please consult with an experienced real estate agent. A good real estate agent can help you maximize the return on your largest and probably most important investment – your home.
About TEAM COYLE
Team Coyle, a professional group of real estate agents at Compass, has more than ten years of experience helping individuals and families buy and sell real estate in the Greater Boston Region of Massachusetts (primarily MetroWest).