6 Upgrades That Can Actually Improve Your Home’s Resale Value

Thinking of putting your home up for sale soon? Home renovations are a great way to generate interest in your property and add a few thousand dollars to its resale value. Things like replacing aging appliances, worn carpeting, and dated walls are all projects that seem to make sense, but don’t be so sure buyers will be willing to pay more in exchange.

If you’re selling in a major city like New York, for example, you need to brace yourself for picky buyers. So, you may want to avoid upgrades that are too personalized, focusing on the essentials that offer the best return investment. Read on to know what these projects are.

1. Additional Attic Insulation

For something that can be done for a little over $1,000, it’s surprising how so many homeowners ignore adding insulation to their attic. What’s more, this simple and inexpensive project has an estimated return on investment of 108 percent.

The reason is simple when you think about it. Anything that makes your home more efficient, thereby reducing the cost of maintaining and owning it, will appeal to most buyers.

2. New Front Door

A better front door is a relatively affordable way to update your home’s wow factor. It’s a great way to make a great first impression by upping your curb appeal, all while improving your home’s energy efficiency (new doors offer better weather sealing) and safety thanks to security features.

3. New Garage Door

And while you’re at it, why not replace your garage door with a new one? Garage doors won’t come cheap, but according to Remodeling Magazine, you can recoup 98.3 percent of the cost of this upgrade—that’s more than what you will get compared to a bathroom or kitchen upgrade.

4. Spruced Up Landscaping

 Data from a survey conducted by the National Association of REALTORS® and the National Association of Landscape Professionals shows that when it comes to outdoor projects, a landscape upgrade is by far the most valuable, offering an estimated 105 percent return on investment.

5. Improved Bathrooms

Here’s the thing about bathroom remodels. While they don’t offer the best return, they are often the secret ingredient to closing a sale as quickly as possible. Most buyers will love a home with a new bathroom given how much use it gets, but that doesn’t mean they’ll be willing to pay more for it. Additions will also go a long way if you have a multiple-bedroom house with just one bath.

Focus on the most important things when upgrading a bathroom. This includes:

  • The vanity
  • Lighting
  • Toilet

6. New Interior Paint

Even if it’s hard to calculate the return on investment of a fresh coat of interior paint, the fact that paint is so cheap really makes it a no-brainer upgrade. With interior paint, less is more. Focus on clean lines and colors that create the illusion of space and airiness.

If you have a home you want to sell but don’t have time or cash for home improvement projects, sell it as-is to Blue Hen Homebuyers. As a home investor, we buy all kinds of homes, regardless of their age or condition. Call our offices today at 910-802-2222 to learn more about how we can help you.