Do you want to increase the value of your home before selling it? Then check out this guide with regards to renovation that can help increase your home’s value.
Appearance, Not Function – Sad to say, but it’s better to put that $800 into paint or flooring, rather than a new water heater. As long as the water heater is functional, keep it. A new water heater will not impress buyers. But what if the home inspector comes back and says, “Water heater is no good; recommend replacement”? No big deal. You’ll have ample time to replace or knock off an equivalent amount from the sale price. But appearance is something that is not negotiable, and in fact is something that may only register with home buyers on a sub-conscious level. Source: About Home
Kitchen fixes – To upgrade your kitchen, you don’t have to spend a fortune adding an island, tearing down walls or buying fancy stone countertops. Fixing little things in the kitchen — cabinets that don’t close, leaky faucets, stains on the floor, burn marks on the counter — can go a long way to avoid turning off potential buyers, according to the survey.
For a few hundred dollars, you can swap out the existing kitchen cabinet hardware for something more stylish, paint the room, and add new curtains or shades.
If your kitchen is more than 15 to 20 years old, a $5,000 budget might make sense, to get new stainless-steel appliances and new countertops and floors — try DIY-friendly vinyl and laminate. Source: Lohud
Curb Appeal – Items that add curb appeal help the property to look good when prospective buyers arrive. While these projects may not add a considerable amount of monetary value, they will help the place sell faster. Curb appeal items include a nice green lawn, attractive landscaping, fresh paint inside and out, new carpet and new appliances. If you know that a prospective buyer is due to arrive at a certain time, baking an apple pie just before the arrival is an easy way to set the stage, make your house smell good and create a warm, inviting atmosphere. Source: Investopedia