If you’ve found your dream home, or you’re looking to downsize into a smaller home for retirement, you want to get the most you can for your previous home to invest into your new home! We have a couple recommendations for where to focus your potential renovations to get the most Return on Investment (ROI).
If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment for your home!
Minor Bathroom Remodel
Outdated bathrooms can be a deterrent for potential new buyers, but a few upgrades could change the entire room! Consider replacing the bath tub, update tile in the shower, change up the floors with hardwood or new tiles, or change out the toilet, vanity and fixtures to give your bathroom a welcome face lift! Not sure where to begin? Don’t sweat it. Some current trends for bathrooms include rounded rectangle vanity mirrors, wall-mounted toilets, floor-to-ceiling shower glass enclosures, and polished nickel fixtures. Another great option for a quick and inexpensive update is removable wall-paper, in either a marble or tropical and bold floral design to compliment the vanity and fixtures.
Upgrade the Landscaping
You may want to hire a professional for this one, unless you have a green thumb and a love for the outdoors! Upgrading the landscaping around your home gives the entire outside a quick refresh, and helps it look more welcoming to potential buyers. Consider the climate you live in and what kind of plants will thrive there before digging in. Some trends for modern landscaping include keeping things low-maintenance by looking for trees, plants and shrubs that are local to the region and don’t require a lot of up-keep. In-ground fire pits including pits made of wood, gas and crystals are popular gathering spots and create a calming ambiance for summer nights. Also consider pops of color with bright flowers and trees with vibrant foliage to really catch the eye from the curb.
Minor Kitchen Remodel
The heart of the home is the kitchen, and an outdated kitchen may not fare well when trying to sell your home. If the floor plan of the kitchen is good but it requires a cosmetic renovation, updating cabinets, installing new counter tops and under-cabinet lighting is a great place to start. To really catch the attention of a potential new buyer, consider giving your kitchen a modern and trendy refresh. Colorful cabinets in mint, pale yellow or dark navy blue are all the trend, and balanced out with a natural stone backsplash can create a great visual impact. While stainless steel appliances were once all the rage (and are still a lovely option if you have them!) matte black appliances are a great way to contrast wood and natural elements. Minimalism is great for kitchens, helping them look clean and tidy even when there’s dishes soaking in the sink.
Curb appeal is one of the top ways to grab the attention of a potential buyer, and that means taking extra care to make sure the exterior of your home is the best it can be. Consider repainting your home or investing in vinyl siding. A new front door can add a welcoming feel as well! Dutch doors are making a comeback, but a fresh coat of paint can do the trick (we like navy blue, black or a natural wood door!).
If you’re looking to sell your home, we’d love to help! Check out the Place of Houses realtors.