Home Renovations: How-To Sell Your Home In a Jiffy
If you plan on selling your home at any point in the future, you might be thinking of trying to do some renovations to help sell it. There are a lot of renovations you can do, but some will help boost its resale value more than others. If you want to get the most bang for your buck, here are some home renovation projects to prioritize.
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If you ask most people who deal with evaluating, selling or renovating homes, most will tell you that the kitchen is the most important room for helping or hurting a home’s value. So for your kitchen renovation project, you can upgrade or clean up the following:
- Cabinets — new material, layout, extra cabinets for more space, lighting, etc.
- Appliances — new oven, fridge, microwave, etc
- Counters — new tops, change the color, quality material, etc
- Lighting — upgrade the lighting throughout the kitchen so everything is illuminated properly
You don’t have to renovate everything in the kitchen, just whatever parts are old, worn, or out of date for style and functionality.
Separate Apartment or Guest Suite
Another way to greatly increase the value of your home is by building a separate living suite within your residence so it can be rented out. If you go this route, make sure the new suite includes:
- Kitchen — oven, fridge and cabinets are necessary
- Bathroom — with toilet, sink and shower
- Bedroom/living room — make it bachelor apartment style or add a separate bedroom
The most common way is by converting the basement into its own apartment-style suite, but depending on the layout or size of your home you can also convert part of your main or even second floor as well.
Three Piece Bathroom
Whether or not you renovate your home for a separate suite, you can also increase the value of your home by improving the bathrooms. Specifically, by adding another three-piece bathroom that has a toilet, sink, and shower.
If you don’t have the space for a very large bathroom, you can always get creative — use a small stand-up shower and fit your bathroom under your stairs, or convert a closet, or use space from your basement.
The biggest increase to the ‘curb value’ of your home is renovating the roof. More specifically, nothing ruins the curb appeal of a home than a shoddy and worn roof with gaps in the tile. If you look to replace your roof, there are different types of materials and styles to consider:
- Asphalt shingles — the most common type because they are cheap, durable, and when installed properly can look good too
- Wooden shingles — expensive, not as durable and difficult to install, but eco-friendly and looks great so they can add more value
- Metal — the most durable and can be cheap, but generally look awful for a home
- Solar shingles — help generate your own electricity for your home, but very high up-front cost
If you do choose to renovate your roof, it’s worth paying extra for a professional roofer to do the job for you to make sure it’s done right and looks great to get the most boost in value for your home.