Five Upgrades That Will Boost Resale Potential
Jan. 14, 2019
When it comes to purchasing a home, we all have our own personal reasons. Some people purchase their ‘forever’ home with no thoughts of moving anytime soon. Others see certain home purchases as a mode of investment, meaning they’ll live in a place for a few years and then move on.
If you’re a buyer who is planning the next step in your financial path, then upgrading your home prior to selling may be in your future. Here are five upgrades that will pay off big when you go to sell:
1. Energy efficient improvements. From new windows to updated insulating, home buyers are not just enthusiastic on helping the environment, but also putting money back into their pockets. Slashed utility bills are a great motivator for buyers.
2. Beautiful bathrooms. Bathroom renovations can be costly, but sometimes a little goes a long way. According to HGTV, the average return on a minor bathroom remodel is 102%. Options such as reglazing instead of replacing a tub and updating tile surrounds are popular ways to cash in on this busy room.
3. Curb appeal. To entice someone into your home, you need to make sure the outside is inviting. Pretty landscaping, welcoming front porches and attractive doors and windows are all ways to tempt new buyers.
4. The heart of the home. A minor kitchen remodel can recoup over 80% at resale time. By minor we mean modernizing cabinets, upgrading appliances with new energy efficient models, repainting and replacing countertops.
5. Entertaining options. If space allows, adding or improving outdoor space for entertaining or family friendly activities can bump up the value of your home. Homebuyers often value useable outdoor space as additional square footage where they can see themselves enjoying the back garden with friends and family.
No matter your reasons for upgrading your home whether at the time of purchase or once you’ve lived in your home for some time, you’ll likely enjoy them for many years. Plus you’ll reap the financial benefit when you decide to sell.
Our homes come with many of the above customizable options that you can enjoy on day one of your new home meaning you won’t have to do it later! Our design centers will help you navigate your selections to make your home perfect for you whether you decide to stay forever or not. To see which home best suits your lifestyle, visit our website to peruse our available neighborhoods.
