4 Fantastic Updates That Will Increase Your Home's Value
When it comes time to sell your home, you'll undoubtedly want to get the most you can for it. And you are going to need to make sure that your home stands out from the local competition so it doesn't sit on the market for too long. Luckily, you don't have to do a complete overhaul in order to increase your home's value. Here are four fantastic upgrade options you can implement to improve your home's value and increase buyer interest:
Install Metal Roofing
Having a new metal roof installed on your home can increase its value by up to 6 percent and improve its insulation performance. You may even be able to recoup upwards of 85 percent of what you spend to get the roof replaced. Consider investing in a standing-seam steel roof – it's lightweight, cost effective, and it can be installed right over your old roof. If you don't think metal goes well with your home's exterior décor, you can have it designed to look like a variety of traditional roofing types, like shingles. Contact a metal roof contractor for more information.
Plant a Few Trees
Planting some trees in your yard can increase your home's value by up to 20 percent and will add to your property's eye appeal which will be noticeable by potential buyers as soon as they pull into the driveway for a showing. You can mention to buyers that your trees help insulate the home, which can potentially save them money on energy bills as the new homeowners. Make sure that you plant your trees far enough away from the home that their branches won't hit the roof if they fall off once the trees are mature.
Spiff up the Kitchen
An easy way to add some value to your home is to update your kitchen. There's no need for a complete renovation. Updating the hardware and faucet are quick fixes to consider. You can also refinish the cabinets yourself, if they're wood, by sanding them down to get rid of nicks and finishing them with clear glaze. If you plan to sell the house complete with appliances that have scuffs or scratches on them, use appliance spray paint to make them look new again.
Do a Little Painting
A paint job will instantly make your home look newer, which is something any potential buyer will appreciate. In fact, you can expect to see about a 90 percent return on investment by painting the exterior, and an average of a 75 percent ROI after painting the interior. Touching up the exterior inconsistencies and painting the window frames is enough to do the trick. Inside, paint the walls a neutral color like beige or off-white so potential buyers aren't distracted by colors they may not be fond of.
However, a little color used as accents can go a long way in creating some personality for the house. In fact, colors tend to have an affect on people's emotions, which can work to your advantage as a home seller. For example painting the interior kitchen window frames yellow invokes contentment and joy, and painting the crown molding blue creates a calm atmosphere that can actually lower blood pressure levels.
Create an Extra Room
Creating an extra room in your home increases its usefulness and convenience, offering up to a 77 percent return on the costs of the remodel. To make an extra room, you simply need to give the garage or attic a paint job, put some throw rugs down, and add either bedroom or office furniture to the mix. You can also use spray foam insulation or caulking to insulate the window frames so it's easier to maintain comfortable temperatures in the space.
These projects don't take a lot of time to complete and they'll be well worth the time, effort, and money when you start showing your home to potential buyers.