If you’re planning on selling your home in the near future or you simply want to ensure that it will be attractive to buyers if you ever do, it’s important to consider the future value of any home improvement project. Read on for the top 5 improvements when it comes to future desirability.
Create Open Spaces
For many years, small, cramped spaces have been giving way to airy, wide-open floor plans. This is true in the world of construction as well as in home improvements. This means that one of the best things you can do for your home’s resale value isn’t an addition – it’s a reduction! Knocking down a few walls on the main floor is a relatively simple project, and can create the large, wide-open floor plan that buyers crave.
You can also take this trend upstairs by knocking out a wall to join two bedrooms, creating a large master suite. Anything you can do to increase existing spaces will add value, including enlarging bathrooms and closets. In fact, turning a small bedroom into a walk-in closet is a highly desirable feature that buyers will pay for.
Cut Your Energy Expenses
Virtually anything you can do to create a more energy-efficient home will pay off. Not only will it save you money in the short term, but it is an extremely attractive asset for buyers. Everybody wants an energy efficient home, but not everybody is willing to put in the cash and time necessary to obtain one. By tackling this task before you appeal to buyers, you’ll create a double-ended circle of savings.
Update Your Kitchen
Kitchens are one of the top factors which potential buyers look for in a new home. Even a gorgeous home with lots of updates will still sell for less than a slightly lackluster home with a brand-new kitchen. Thankfully, you don’t have to completely overhaul your kitchen to reap the benefits. Industry experts recommend focusing on immediately visible things like faucets and sinks, cabinets and, if you’re willing to spend the money, appliances. Faucets are incredibly inexpensive when you weigh in the eye appeal factor. There’s no need to spend a bundle on brand-new cabinets either – you can have them refaced or, if you’re the DIY type, order new fronts and handles and install them yourself.
If you do go the new-appliance route, remember to purchase matching appliances. They offer way more visual appeal than a white dishwasher next to a sleek stainless refrigerator.
Popcorn Ceilings Need to Go
There are a few things which automatically turn off buyers, and they are usually dated forms of decorating. The popcorn ceiling is one of these. Not only is it a nightmare to clean or paint, but it was usually installed in the first place to cover up something unsightly or – worse – structurally damaged. Determine if you have actual damage, repair if necessary and then place drywall over the popcorn. It’s a relatively small change that adds up big in terms of eye appeal.
Add Space with an Attic Bedroom or Den
Your attic is probably one of the most under-used areas in your home, and extra living space is one of top-named features home buyers are seeking. The easy answer? Convert that space into a bedroom or den. It’s not a cheap project, but it’s one that literally pays for itself – usually – when it comes time to sell a house. People love spaces that feel cozy, and it doesn’t get much cozier than slanted walls tucked up under the eaves. Yes, it will probably be a small bedroom – but that’s part of the appeal. If it’s truly too small for even a single bed, turn it into a home office space. Do anything to make the space livable – you’ll be happy you did when negotiating that selling price.