Did you know that homeowners spent more than $522 billion on home improvements in the last few years? Improving your home can greatly improve your life, but it can also increase its retail value.
If you’re thinking about putting your home on the market in a few years, taking the time to do a few home renovation ideas beforehand can give you a leg up on the real estate market. It might seem like a waste of money to renovate a house you’re not planning to live in, but you’ll be able to get a much better price for it and will sell much quicker.
If you’re looking for the best value-adding home renovation ideas, read on!
1. Solar Power
Solar power is rapidly becoming one of the most sought-after features in the real estate market. If you can spare the funds to install solar panels, you greatly increase the selling value of your house.
In addition, if you don’t plan on selling right away, you can save some money on your electric bill after going solar.
2. Re-Do The Kitchen
The best way to increase your home’s value is to renovate your home’s interior, specifically your kitchen. New appliances and a modern design can greatly increase your selling price.
In fact, homeowners can recoup as much as 52 percent of the cost of a kitchen renovation when selling their house.
If you’re looking for a contractor, contact Home Solutions to carry out your kitchen renovation plans.
3. Re-Do the Bathroom
One of the best home renovation ideas is to renovate your bathroom. An updated bathroom is a big selling point for your house. Think new appliances, modern tiling, and updated plumbing.
In fact, you can get up to 57 percent of your renovation cost back when you sell your house!
4. HVAC Update
Updating your HVAC is one of the best home makeover ideas, as you can get about 85% of the cost back when you sell.
A modern HVAC system is incredibly attractive to buyers as it means they’ll have to do fewer repairs and renovations on their own.
5. Jazz Up The Outside
When renovating your home, don’t forget to do an exterior home renovation. With an updated outdoor space, potential buyers can imagine outdoor entertainment and dinner parties.
The more you can help potential buyers visualize themselves in the space, the more quickly your home will sell and the more likely you are to get a higher bid.
Use These Valuable Home Renovation Ideas
As you can see, renovating your home before selling it can greatly increase its value. You’ll find you can list a higher asking price and you’re sure to get more offers. Use these great value-adding home renovation ideas to hack the real estate market today!
If you’re looking for more real estate and financial tips, we have lots of content like this on our blog. Check it out for more!