Renovations that increase home resale value
Monday - 7/15/2019 11:17 am
Gayle King

PAINT

A fresh coat of paint throughout the house should be the first step for every seller in the Northern Virginia market (and really, anywhere). In this hot market, homes sell very quickly, and buyers can be making their decisions within a few hours! Stick with brighter, neutral colors that open up spaces within your house.  Fresh paint will make your house look clean and ready to move into.

KITCHEN REMODEL

Most realtors would agree that the kitchen is the most important room that buyers place a significant emphasis on when choosing a home.  The first thing to consider when planning the kitchen remodel, is how the updates will fit with the rest of the house and even how they will fit with the other houses in the neighborhood. This will help you decide what updates are necessary and which ones will recoup the most value when the home sells. Adding new appliances can be a huge incentive for potential buyers, as most are putting their available resources into the buying process. Consider painting your cabinets as opposed to replacing them. Countertops can be an expensive addition to your remodel but are completely necessary if your kitchen is outdated. Overall, a move-in ready kitchen can increase your home value by thousands and help it sell quickly.

July Insights Image

MINOR BATHROOM REMODEL

A complete bathroom remodel can be very costly, usually upwards of $10,000. New fixtures look great but rarely add much in resale value. Instead, go for a more economic makeover and only replace what you need to. A fresh coat of paint is going to be important, along with fresh caulking throughout the bathrooms.

LANDSCAPING

The very first impression a potential buyer gets of you house is the front yard. A neat and colorful yard will get them excited about the house before they even walk through the doors. A do-it-yourself approach can get your yard ready for the market for a few hundred dollars. Keeping the lawn mowed, bushes trimmed, and adding some bright flowers can increase your overall sale price.

ENERGY EFFICIENT UPGRADES

New appliances, insulation, windows, and other upgrades can increase your home's resale value. Going for the energy efficient options to these upgrades can also make a huge difference! Many buyers look at this as a huge long-term advantage and will not be much of an additional cost if you are already replacing these features.

Do your research before investing a lot into remodeling your home for resale. The options above are great ideas for getting bigger returns. Certain additions can actually be a turn off for potential buyers. Try to stick with the middle ground and keep personal preferences out of the decision-making process.

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