5 Home Renovations That Can Increase Home’s Selling Price

When it comes time to sell your home, you want to make sure that you do everything possible to increase the home’s selling price. One way to achieve this is by renovating your home before listing it for sale. Making even small changes to your home can make a big difference when it comes time to sell. In this blog post, we will discuss 5 home renovations that can help increase your home’s selling price. Keep reading for more information!

Coat the Walls With Fresh Paint

A fresh coat of paint can make a world of difference when selling your home. Dingy walls and chipped trim give the impression that your home is dated and not well-cared for. Potential buyers may be turned off by these details, and you could end up selling your home for less than it’s worth. A few hours of painting can increase your home’s selling price and help it sell more quickly. When choosing paint colours, stick to neutrals or light colours – dark colours can make rooms feel smaller and more closed in. If you’re unsure where to start, consider seeking professional advice. With a little effort, you can make your home look like new—and increase its value in the process.

Refurbish and Renew the Flooring

Many home sellers make the mistake of overlooking their floors when renovating their home for sale. Old, worn-out flooring is a major turnoff for buyers and can significantly decrease the selling price of your home. If your home has old carpet or linoleum, consider replacing it with new carpet, hardwood floors, or tile. This will give your home a much more polished look and feel, and may even help you to increase the selling price. With so many options available, there’s sure to be a flooring option that’s perfect for your home.  

Update or Upgrade Your Kitchen

The kitchen is often referred to as the heart of the home, and it’s easy to see why. It’s where we gather to cook, eat and socialize. Not to mention, it’s one of the most popular rooms in the house when it comes time to sell. If you’re considering giving your kitchen a facelift, there are a few key factors to keep in mind. First, consider your budget. A full kitchen remodel can be costly, so it’s important to set aside enough money to cover all of your expenses and make sure the ROI on this makes sense when you sell your home. You should also consider what you want to change – are you looking to install new countertops? Update the backsplash? Or completely gut the space and start from scratch? Once you have a clear vision for your project, it will be much easier to get started and reap the benefits in the long run.

Create a Fresh Bathroom Design

A potential home renovation that many people overlook is updating the bathrooms. According to HGTV.com, a minor bathroom remodel gives you a 102% return at resale. This could involve anything from retiling the floors to installing new fixtures. Of course, this is only one potential benefit of renovating your bathroom. Other benefits could include feeling more comfortable in your own home and potentially increasing the resale value of your home if you ever decide to sell. Win-win!

Add On Living Space

Another option is to add more living space. This could involve turning an attic or basement into a bedroom or converting larger spaces into multiple rooms. Based on data from opendoor.com, adding more living space can increase your home’s resale value by $17,000, whereas converting larger spaces into multiple rooms can bring the price up by $14,000.

Final Thoughts

These are just a few of the home renovations that can help increase your home’s selling price. When it comes time to sell, make sure to consult with a real estate agent to get more tips on how to prepare your home for sale.  

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