Increase Your Home Value with These 4 Low-Cost Projects
You’ve been putting off that list of home improvement projects for years. But now that you’re planning to move, it’s time to start checking things off that list to get the most for your house. With limited time and money, you know you can’t do it all—which projects take priority when it comes to impacting your bottom line? Here are four projects that can help you boost your home’s value so you can sell it for more. I know that these are things that I’ve looked for when I have gone house hunting in the past!
Replace the Roof
When potential buyers see an old roof with missing tiles, they see thousands of dollars disappearing from their bank account and often move on to the next house. Face it, roof trouble can be intimidating—after all that’s why you’ve been putting it off yourself. However, you’ll recoup an average of over 67 percent of your costs in added value by implementing new roofing solutions, according to the latest national data from Remodeling Magazine’s 2014 Cost vs. Value report.
I have driven past homes with our real estate agent and have told her not to bother with a few houses that had old wood shingle roofing that was screaming to be repaired. I can handle doing some light remodeling in a house I’m about to buy, but changing the roof is just too daunting. So by doing this before putting your house on the market, you are increasing your home’s curb appeal tremendously.
Give the Kitchen and Bathrooms a Face-lift
As the heart of the house, this is one area of the home that will be heavily critiqued by potential buyers. An outdated kitchen can scare off many buyers who are afraid of doing a major remodel. You don’t have to renovate the entire space, but make sure it’s reasonably up-to-date, organized and clean. Consider shortcuts to save money while making an impact, such as refacing cabinets and pulls instead of installing new cabinetry.
If you need new counter tops, consider an affordable and neutral toned option such as solid surface counter tops instead of shelling out for pricey granite or marble. Minor kitchen remodels will have a great impact on potential buyer’s perception of the house. The same goes for bathrooms! Change the cabinet pulls, get a new faucet, update the towel racks. All these things will give a welcome face-lift that new buyers will love.
Evaluate the Lighting
Bright and airy will also trump dark or artificially lit spaces. Natural light is a real commodity in the housing market. Look around your home and find areas that could use an improved lighting scheme. Good lighting can make a small space feel large. And a dark hallway or room can really be a big turnoff.
Home improvement pros at This Old House recommend installing sun tubes in any dark areas. These affordable pseudo skylights use highly reflective material to bring more light into a space through small tubes that are much easier and less expensive to install than traditional skylights. This is also a good time to get rid of any dated-looking light fixtures and replace them with something new and current. Same goes for the switch plates. If you have any cracked ones, missing ones or yellowed/stained one, you should replace them!
Lighten Up the Landscaping
Boost your curb appeal with a thorough overhaul of the landscaping. Trim back any overgrown shrubbery or trees to give your yard a clean, manicured look. Replace any dead plants with new flowers and spread a fresh layer of mulch over the flowerbeds. Make sure all footpaths are cleared, well lit and in good condition.
Landscaping is one of the top three home improvement investments that yield the most return. The goal is to show that your home is well taken care of. A well tended garden is a reflection of owners who cared about the house. So when potential buyers see a nice landscaped area, they will immediately get a good vibe for the entire house!