Are you considering selling your home? If so, you’re probably aware that renovations can significantly increase its market value and attractiveness to potential buyers. Renovating your home before putting it on the market can be a smart investment, but it’s essential to approach the process strategically to ensure you get the most bang for your buck. In this guide, we’ll walk you through the steps to renovating your home for resale success.
Before We Begin…
Let’s talk about your return on investment. There are many blog posts and articles that reveal that most home renovations in 2024 don’t have 100% or more ROI in most cases. However, if you are planning to sell your home in the future (even if it’s not now) being able to have good quality remodels or renovations done in your home will help to maintain the home’s integrity long-term.
So although you may not see the financial investment at the beginning of your renovation process, don’t forget to consider the long-term when it comes to needing less repairs and touch-ups taken care of.
If you want to get the most bang for your buck, check out Fortune.com’s blog post on what are currently the best renovations for your home.
1. Evaluate Your Home’s Current Condition
Before diving into renovations, take a step back and objectively assess your home’s current state. Identify areas that need improvement and prioritize projects based on the greatest need for attention, then afterward figure out what else you would like to renovate. Focus on updates that will appeal to a broad range of buyers and add the most value to your home.
2. Enhance Curb Appeal
First impressions matter, and the exterior of your home is the first thing potential buyers will see. You can boost your home’s curb appeal by:
- Repainting the front door and trim.
- Power washing the siding and driveway.
- Adding colorful flowers and plants to the landscaping.
- Updating outdoor lighting fixtures.
- Repairing or replacing damaged roof shingles.
- Fix your hardscape in the front and backyard.
A well-maintained exterior sets a positive tone for the rest of the home and entices buyers to take a closer look.
Refresh the Interior
Once you’ve captured buyers’ attention with curb appeal, it’s time to focus on the interior of your home. Consider these key areas for renovation:
Creating a Comfortable Kitchen
The kitchen is often the heart of the home and a significant selling point for buyers. Update outdated appliances, replace worn countertops, and consider refacing or repainting cabinets for a fresh look. If you don’t have an island yet, this is also a solid investment to increase counterspace and can also include a farmhouse sink.
Bathrooms, Whether an Addition or Remodel
Upgrade bathrooms with modern fixtures, such as faucets, showerheads, and toilets. Replace worn flooring and regrout tile to give the space a clean, updated appearance. Take out any unnecessary items or exchange shower and bathtubs for higher quality products.
This is also a good time to consider whether you would like to add an additional bathroom or half-bath to your home. Having more bathrooms is a good consideration, especially if you have a larger home that only has one or two bathrooms to begin with.
Flooring for Your Main Rooms
Replace worn carpets with hardwood floors or laminate for a more modern and low-maintenance look. If hardwood flooring isn’t feasible, consider high-quality vinyl plank flooring as a budget-friendly alternative. You can replace flooring anywhere in your home, so you may want to consider your main areas for replacement like in the kitchen, living room and bedroom.
Painting Parts of Your Home
A fresh coat of paint can work wonders in transforming a space. You can also add flavor and personality to your home depending on the colors you choose! If you want to appeal to a broad range of homebuyers, we recommend that you stick to neutral colors. These neutral colors will help keep the space brighter and more spacious.
4. Increase Energy Efficiency
Today’s buyers are increasingly concerned about energy efficiency. With that being said, investing in upgrades that reduce energy consumption can be attractive selling points. A couple of ideas you can consider include installing energy-efficient windows, upgrading to a smart thermostat, and adding insulation to improve your home’s energy efficiency and appeal to eco-conscious homebuyers.
5. Don’t Forget About Functionality
In addition to aesthetic upgrades, focus on improving the functionality of your home. Address any maintenance issues, such as leaky faucets or malfunctioning HVAC systems, and ensure that all major systems are in good working order. Buyers are more likely to pay top dollar for a home that’s move-in ready and doesn’t require immediate repairs.
When thinking about the functionality of your home, you can also begin to think about ways to create more space in your most used rooms. Consider ideas like additional storage space in your kitchens, expanding the closets in your bedrooms, and building shelving and space in your laundry room.
6. Work with Professionals
While some renovation projects can be tackled as DIY projects, others are best left to the professionals. Hiring experienced contractors ensures that renovations are done correctly and up to code, minimizing the risk of costly mistakes. Obtain multiple quotes from reputable contractors and be sure to check references before making a hiring decision.
If you are looking for a fast and quality choice of remodeling experts, and you are in the Lancaster area, consider ALL Renovation & Design. You can view our testimonials on our website and learn more about who we are as a company and what our values are.
7. Set a Realistic Budget
Renovating your home for resale requires careful budgeting to ensure that you get the most value for your investment. Determine how much you can realistically afford to spend on renovations and prioritize projects accordingly. As always, remember to leave some wiggle room in your budget for unexpected expenses that may arise during the renovation process.
8. Stage Your Home for Success
Once your home’s renovations are complete, it’s time to stage your home to showcase its full potential to buyers. Declutter your living spaces, remove your personal items, and arrange furniture to highlight the home’s best features. One additional idea to consider is to hire a professional stager and photographer that can help create a welcoming and inviting atmosphere that resonates with buyers.
At this stage, it will also be good to connect with a real estate agent that can help you to sell your home!
Conclusion to Our Guide for Renovating and Reselling Your Home
Do you feel ready to sell your home?
By following the simple tips above, you can renovate your home for resale success and maximize its market value. With careful planning and strategic upgrades, you can attract more buyers, sell your home faster, and achieve a higher sale price. Best wishes to your home upgrade!
Ready to get connected with remodeling experts to help you in this process? Reach out to us at ALL Renovation & Design. We are prepared to help meet and listen to your needs when it comes to your home design and renovation process. You can reach us at 717-665-0470 or by connecting with us using our contact form.
