Getting Ready to List Your Home – 4 Small Updates that Pay Off Big!
Keeping your home up to date and modern can seem like an expensive task, and tackling major renovations doesn’t always mean your home’s value will go up. However, there are some small updates and changes you can make to your home to keep it looking fresh and stylish, that are not only affordable, but they can also pay off when it comes times to sell your home. Let’s explore some easy ways you can revamp your home, while still ensuring you get a return on your investment.
Boost The Bathroom
A bathroom is always a main selling point in a home, so a quick little upgrade and remodel can go a long way in terms of resale value. In fact, the average minor remodel of a bathroom can bring you a return of over 102% when it comes time to sell. A minor remodel doesn’t have to mean gutting your bathroom and starting fresh, it can simply mean replacing a tub, adding new tiles or even updating fixtures like showerheads and faucets. Also, added features like heated towel racks and light fixtures are all low cost add-ons that bring in major resale return.
Work From The Outside In
A good first impression is always key, and your home is no exception. When a potential buyer comes to see your home, the initial reaction should be welcoming and positive. Simple upgrades like fresh paint, a new door, whether it be of better quality or a more modern design, and landscaping can go a long way. Typically, the money put into these kinds of aesthetic upgrades brings you a 100% return at resale. The best part about it is, exterior updates aren’t a major expense. On average, people spend about $3,500 to landscape their property, which can vary from plants, flowers to trees and fences. If you’re having trouble deciding where to start, consult your local garden center for some planning tips and ideas, and don’t be afraid to add a splash of colour.
Clean Up The Kitchen
It is no secret that a kitchen is one of the biggest selling points in a home. Therefore, it only makes sense that updating a kitchen will help you when it comes time to sell. Luckily, kitchen remodels have an average of 98.5% in return at resale. While a major overhaul of a kitchen, complete with state of the art appliances, can cost you tens of thousands of dollars, there are some smaller updates you can make to give the illusion of a more luxurious kitchen. For example, new tiles for the floor and backsplash, new window treatments, and a fresh coat of paint can work wonders to revamp a kitchen. Not to mention refurbishing cabinets and their doors, and replacing old countertops. If your home is of a higher value, try a more upscale counter like trendy glass or stone.
Make Something Out Of Nothing
A great way to make the illusion that your home has more useable space than it actually does is to do a little staging. Taking an unused bonus room or a storage area in your home and add some fresh paint. Window treatments and simple furnishings can turn an unused nook into an office space or a children’s play area. While the resale return on this type of minor update is about 72%, the cost of the update is small and it can be done with items you may already own. Adding new doors to cabinets or shelving units, re-staining a desk or simply adding new light fixtures can take an unused area from drab to fab, and not to mention can attract a wider range of potential buyers.
Making small updates to your home as time passes is a great way to maintain your home’s value and prevent major remodeling costs down the line. Small changes to keep your home modern and fresh, not only helps with the resale of your home, but it can also make it more comfortable to live in. If you have any questions about what updates are right for you home and your potential return on investment, don’t hesitate to give The Rioux Baker Team a call. We are always happy to help you make your Georgian Triangle home as comfortable as possible.