How your house looks can make or break a deal with a potential buyer because if it doesn’t look at its best, its potential value cannot be capitalized on. The good news is that a few renovations may be all you need to increase your home’s value and they don’t have to be expensive.
Below, we’ve listed some places that will increase your house’s value considerably when renovated and how they impact a home’s value.
Roofing
One of the most important structures of a house that, when renovated, can have an impact on a home seller’s success is the roof but it’s often overlooked. Even though roof renovations can be tricky, they’re pretty simple most of the time because you don’t have to tear the whole structure down. You can just get it painted or check and fix problems.
When taking up a roof renovation project, you will need professionals to work on it due to its critical nature. A reputed Austin roofing contractor is what you need. Austin Roof Specialists is a large award-winning, family-owned company that’s been in business for over 49 years. One of their accolades is an A+ rating by the Better Business Bureau and they’ve maintained this rating since 2015.
Kitchen
A kitchen is one of the first things that home buyers want to check out before finalizing a deal because they’re a social place for both guests and family. While a complete overhaul of a kitchen can add tremendous value to a house, it is often affordable and people usually spend between $5,000 and $50,000 on kitchen renovations.
Affordable kitchen renovations that can add value to your house include installing a tile backsplash that will complete your kitchen’s color palette. Updating your kitchen’s appliances can also have positive impacts on your house’s value.
Attic insulation
While attic insulation doesn’t have any aesthetic benefits for your house, mentioning that it is installed in the house you’re selling can give you a reason to charge more. What will give you the right to hike your property’s price accordingly is that attic insulation keeps houses warm during winter and cool during summer.
If your house can maintain favorable conditions all year round, the person who’s going to buy it won’t have to rely solely on expensive heating and cooling systems. That will reduce the next homeowners’ yearly energy spend considerably and help them save money.
Bathroom
Renovating your bathroom before selling your house can increase its value and we know this because this type of renovation recoups a lot of its original value. Mid-tier bathroom renovations that normally cost around $20,000 can recoup about $13,000 of their value when a house is sold. That means you’d have basically spent $7,000 on the renovation.
Updating the features that will make your bathroom look great, like new flooring, faucets, and cabinets, can also increase your house’s value. Optimizing a bathroom’s water systems to reduce water usage will drive a home’s value up as the next owner will save on their water bill.
Landscaping
Making house-related renovations is as important as making landscape renovations as a study done at Virginia Tech says landscaping can increase property value by up to 15%. According to the study, the types of plants used in landscaping, size, and structure play a role in how a buyer perceives a house.
However, how plants look has been found to create less impact on a property’s value than how sophisticated plants are arranged. Another piece of evidence that attests to this is a study from the Journal of Environmental Horticulture which says poor landscaping can decrease property values by up to 10%.