We are often asked if particular projects will add resale value to someone's home as they evaluate cost. This article will share some guidelines and provide some food for thought!
General maintenance is extremely important for resale. How a buyer perceives a home has been taken care of will impact offers. For example, if you have an active roof leak, floors are caving in or your HVAC is not working, folks might not care how beautiful your kitchen is.
- Take a look around you
- Look at the homes around yours and consider improvements that will ensure your home is comparable. For example, if all the homes in your neighborhood have at least one and a half bathrooms and your home has only one – adding a half bath at a minimum makes sense.
- Boost Curb Appeal: Your curb appeal is the first impression for buyers. Consider low maintenance landscaping with pops of color. Take a look at your front door and mailbox. Are they tired and worn out or welcoming and inviting? If they are tired and worn out consider replacing or painting.
- Kitchen Remodel
- The kitchen is the heart of the home. Updates to the kitchen pay off - even the small ones. Replacing the kitchen faucet, adding new cabinet hardware, changing out light fixtures with energy efficient LEDs are small changes with BIG results. Check out the functionality of your kitchen. Does the space feel closed off? If so, It may be time for a large remodel to create a welcoming and functional space.
- Upgrade Appliances
- A few questions to ask yourself: Do your appliances match? Do they work? Are they Energy Efficient? If you answered "no" to any of these questions it is time for an update.
- Bathroom Remodel
- Bathroom remodels score high on the return on investment charts for home remodels. Today’s buyers prefer walk in showers to tubs provided there is one tub in the home. Updating fixtures, lighting, tile, vanities, and flooring are all options to consider.
- Finish/Renovate Bonus space
- Finishing existing space can quickly add to the total square footage of your home and at lower cost than an addition. Today’s buyers are looking for flexible space for home offices, home schooling, and workout space. Look at spaces you have that could be finished or repurposed for today’s buyer.
- Fresh Paint and Flooring
- Though fresh paint and flooring will not add value to your home, they do add to the first impression and the overall appeal to buyers. This is a great time to put yourself in a buyer’s shoes. Consider warm natural tones that can easily be decorated with pops of color that a new buyer may bring with them in their furniture, art and throw pillows.
- Improve energy efficiency
- Look at your windows, are they drafty or single paned? If so, replacing them with energy star rated windows is in order.
- Switch out light bulbs to LED. Not only will your home look brighter, but you are also reducing energy cost and will not have to replace bulbs as often. Even better, this is something you can do yourself.
- Get Decked out
- Adding a deck increases usable space and the cost is less to build per square foot. In addition, more buyers are looking for space to socially distance and still visit with friends and family safely. Outdoor living space provides that.
- Please note every home has factors to consider when determining value and with the current fluctuation in the market things change fast! If you are serious about selling your home, consider discussing your property with a Realtor and a Licensed General Contractor. The cool thing is AG’s Home Solutions has both! Follow Natalie on her Facebook page @movewithNatalie.
Tony and Natalie Edwards are the co-owners of AG's Home Solutions. Tony is a NC Licensed Building Contractor and Natalie is NC Licensed Realtor/Broker with Coldwell Banker Coastal Rivers Realty.
Natalie Edwards, Co-Owner AG's Home Solutions
NC Licensed Broker #310850
Coldwell Banker Coastal Rivers Realty