How to Increase Your Home's Value
Published: October 29, 2018
Thinking about selling your home in the near future? If so, then surely you want to get top dollar. The best way to maximize your home's resale value is to spend a little money on improvements and upgrades before you list. Specifically, there are a few upgrades that offer a high return on investment that you'll want to consider.
Focus on Outdoor Space
Does your home have a deck or patio space that allows for outdoor entertaining? If not, now would be a great time to consider adding one. Decks and patios yield some of the highest returns on investment when it comes to home improvement projects, and prospective buyers will love envisioning themselves enjoying a summer barbecue on a beautiful deck. Patios and decks are also great extensions of your indoor living space if done correctly, so be sure to look into this upgrade before you list!
Update Your Kitchen
These days, modern and well-appointed kitchens are at the top of most buyers' "must-have" lists. If your kitchen is outdated, you may have a harder time selling your home and you will certainly have a hard time getting top dollar. Kitchen renovations can be done on both big and small budgets, so even if you don't have a lot of money to work with, even just painting out those cabinets and replacing the dated hardware can make a big difference. Many buyers are looking for stainless steel appliances these days too, so you may want to swap those out if you have outdated black or white ones.
Remodel Your Bathrooms
Bathrooms are almost as important to today's prospective buyers as kitchens are, so you may want to consider updating the bathrooms in your home as well. New flooring, a new vanity, and new hardware/lighting can make all the difference. If you have a little more room in your budget, consider re-tiling your shower and installing seamless glass shower doors for a modern look.
These are just a few ways to drastically increase your home's value before you sell. Looking for help in choosing a mortgage for your next home? Santa Clara County Federal Credit Union offers a wide range of home loan options to suit your needs. Contact us to get started!
