The value of your home helps determine the listing price, and ultimately, how much profit you make from the sale. When you decide to sell your house, it’s critical to accurately discover the true value of your home before deciding on a listing price. What can you do if your home’s value isn’t competitive in the Peoria market? Overpricing your home will turn buyers away. Is it worth the time and money to improve your home’s value before putting it on the market? In many cases, indoor and outdoor renovations are worth it. Try these seven home improvement tips to improve the value—and sale price—of your home!
1. Update the Kitchen
In the age of HGTV home makeovers, well-designed brightly lit kitchens are what many buyers prioritize in a new home. While you might have to spend a bit to bring your kitchen up to today’s most sought-after standards, it’s worth the investment. Investing in the right kitchen upgrades can bring some of the best returns when selling your house.
Consider upgrades like:
- Quartz or granite countertops
- Monorail lighting
- Energy-efficient appliances
- New or repainted cabinets and hardware
- Tile or natural stone backsplashes
- New flooring
- Fresh paint throughout
Making these upgrades while you still live in the home means you get to enjoy a like-new kitchen while improving your home’s value!
2. Remodel the Bathroom
Next to a desirable kitchen, buyers look for luxurious bathrooms in their new home. A bathroom remodel can boost your home’s appeal and pay off by increasing the value of your house!
Bathroom fixtures last for many years. Living with an out of date bathroom is common, and many homeowners are reluctant to go through the expense and disruption of a bathroom overhaul when the “old” bathroom works just fine.
When preparing your house for sale, that old bathroom can reduce the value of your property and cost you some profit on the closing day. Remodeling the bathroom can help you enjoy your home longer, then sell it at a better price when it’s time to move.
Investing in a new tub or shower, faucets, fixtures, toilets, and tiles can be costly upfront. However, this type of quality upgrade is one of the best updates you can make to improve your home’s value and see an excellent return. Buyers are looking for bath remodeling improvements that make an impression and with less upkeep such as a Walk-In Shower.
3. Improve the Curb Appeal
Getting buyers inside your home to see the interior improvements is challenging if your home’s exterior isn’t attractive. An exterior upgrade catches the eye of potential buyers while also improving the value of your home.
Choose thoughtful updates to help your home sell for a better price, including:
- Adding low-maintenance desert landscaping
- Painting or replacing the front door
- Installing solar-powered security lighting
- Painting the exterior or cleaning and repairing siding
- Installing a new mailbox
Your home’s value improves when the exterior appears safe and appealing. You never get a second chance to make a first impression for that potential buyer!
4. Replace the Roof
A roof replacement is one of those homeowner updates that no one likes to make. While your roof is a critical part of the house and keeps you and your valuables safe, a new roof can feel like a significant expense that doesn’t impress anyone.
A bathroom or kitchen remodel provides aesthetic proof of your investment. Even though your roof might not have a “wow” factor, a recent roof replacement is attractive to buyers and increases your home’s value when putting it up for sale.
An aging roof with potential damage should be replaced in preparation for selling your house. The improvement to your home’s listing price will offset the expense of the roof replacement.
5. Paint the Interior
You can spend a lot or a little when repainting the interior of our home. A professional can cost a little more, but the paint job will be higher quality than if you choose to do it yourself.
No matter how you choose to repaint your home, a fresh coat of paint throughout the interior can upgrade the value of your house when it’s time to sell.
- Choose neutral colors that allow potential buyers to imagine their own furniture and decor inside the home
- Avoid trendy colors that can turn buyers away
- Use quality paints, primers, and equipment when choosing to paint your home on your own
A newly-painted interior looks beautiful and also helps reduce pet smells or other odors in the home.
6. Replace Worn Flooring
Old laminate flooring and worn-out carpeting can cause your home to sit on the market for too long. Replacing flooring with hardwoods, tile, or contemporary styles of carpet can make a significant improvement in your home’s value in the eyes of a buyer.
New homeowners don’t want to have to replace the flooring before they can move in. More often, buyers will choose a home with new or recently replaced flooring. Like a fresh coat of paint, new flooring also eliminates odors from pets, children, and a lifetime of living in your home.
7. Improve Energy Efficiency
From energy-efficient windows and lighting to replacing the HVAC system and upgrading the insulation, and energy-saving home is attractive to buyers.
If these upgrades seem like a lot to spend on a home you’re about to sell, consider making these upgrades before you consider selling your home. When homeowners think about the long-term and resale value of a house, you can make upgrades to improve the home’s value while you still get to enjoy them!
Choosing energy-efficient upgrades can help you save money (and recover your costs) while you continue enjoying your home. When it’s time to sell, your house is already attractive to buyers in the Peoria market.
Follow These Home Improvement Tips To Attract Buyers
Following these home improvement tips can increase the sale value of your home and attract more buyers! Choose the upgrades that make the most financial sense and generate the best return when it’s time to list your home.
Working with the right real estate agent can help you choose the right home upgrades and home improvement tips! Richard Mellen is your real estate expert in the Peoria AZ area. Contact me if you’re ready to sell your home for the best price!