Your home is your castle, but it might not seem like it when you are ready to sell. You believe your home is worth much more than the property appraiser does, but the love you have for it isn’t a line item in its overall value, even though it should be. You’ve taken fantastic care of it over the years, but you may still need to give your home’s equity a boost with a few upgrades and renovations. The more money you put into your home, the more money you’ll get out of it.
1. New Roof
One renovation that instantly boosts your home’s value is a new roof. If you opt for a decorative one with expensive materials that lasts for decades, you’ve just tacked on a ton of value. Even if replace it with an affordable asphalt option, you’ve still increased your home’s worth. Why? Because experts in complete roofing services agree the one thing homeowners dread most is the need for a new roof. Homebuyers love new tops. They won’t have to worry about the roof for at least 20 years.
2. New Windows
Homebuyers also love new windows. Old windows that are worn, leak, and run the risk of failing during a storm or other disaster reduce the value of your home exponentially. Even if your windows don’t leak water, they might leak air, which increases utility bills and introduces dirt, grime, and pollens into your indoor air circulation. Upgrade your windows to energy-efficient models that will last for years. Fiberglass ones will last a lifetime. This will give your home’s equity and a tremendous boost.
3. Kitchen Remodel
If you’re addicted to the home improvement and flip shows on television, then you know the one thing homeowners renovate the most is their kitchen. Everybody wants the latest and greatest when it comes to the kitchen, and if your cooking space is in need of some serious updating, now is the time to do it. Wow potential buyers with a kitchen designed to impress. Modern appliances, countertops, cupboards, fixtures, flooring, and lighting will give your home a ton of added value.
4. Bathroom Remodel
The same holds true for the bathrooms. Standard sinks, toilets, and tubs aren’t going to boost your asking price. People want a spa inside their home, and they’re looking for Jacuzzi tubs, huge steam showers, and double vanities. Turn your master bath into that indoor spa and upgrade your other bathrooms with new fixtures, flooring, and tile to bring out their best. You’d be surprised how much buyers focus on bathrooms and the kitchen during their walkthroughs.
Renovating your home to upgrade it is one of the best ways to increase its market value. In fact, you may find that you love your home so much after the renovations you won’t want to move after all. Even if that is the case, you’ve still done yourself a favor. The higher your home’s equity, the more you hold in your financial portfolio because you can turn this asset into cash when you need it, whether through an eventual sell or via refinancing. What are you waiting for? Upgrade your home today.