2021 is experiencing a crazy seller’s market and if you’ve been thinking about selling your house, this is the ideal time to do it. Buyers are snatching up houses left and right and many homes are going above asking price! If you have a lot of equity in your property, you could stand to make a good profit. You can check how much your home would be worth after those projects by using a home value estimator.
Here are some of the best home upgrades you can do that’ll give you the most bang for your buck in terms of profit.
The bathroom has always been one of the first rooms that will be upgraded when someone moves into a new house. This is definitely true for homeowners and buyers in 2020 because COVID brought on a whole lot of stress, anxiety, and uncertainty and people wanted a place to let it all melt away. According to insights from top agents, popular bathroom upgrades include double vanity sinks, high-end showerheads, large linen closets, and soaking tubs.
When you pull up to your house and your property is the envy of the neighborhood, there’s a sense of pride that comes with it. Buyers are particularly interested in homes where the curb appeal is on point – after all, if the exterior looks amazing, the interior has to be awesome too! You can upgrade your property’s curb appeal on your own or you could hire a professional landscaper to come by and work their magic.
Note: Don’t forget backyard improvements too because that also adds value and appeal!
Although the lawn, flowers, and other landscaping features are desirable to buyers, folks also look for nice decks or patios where they can gather with friends and family on the nicer days. In these areas, you can keep it simple just by re-staining the wood or power washing the whole patio area, or you could go big and create a custom seating area with a built-in grill and have flower beds around the space. A professional landscaper can also help you design this space if you don’t know where to start.
It’s probably shocking to see an upgraded kitchen so far down on this list, but kitchens aren’t necessarily the best place to add value. Sure, you can get the majority of your money back, but you need to know what materials are worth the investment and what aren’t. Upgrades that do add value include stainless steel appliances, new cabinetry and light fixtures, and granite countertops.
A new front door can improve your curb appeal as well as save you some money in terms of energy costs. If you’re on a tight budget, you can just give the door a fresh coat of paint, new hardware, and add a wreath for a nice little touch.
There are a lot of ways you can upgrade your home but not all upgrades are going to be worth the investment – especially if you choose things that are more of a personal taste. For example, paint colors should be neutral so buyers can focus on the features of the interior and picture themselves living there, rather than vibrant colors or patterns.
If you know that you want to do something to increase buyer interest, always ask your real estate agent for some advice. They know the market and they can give you recommendations based on recently sold comps in the area.