Making some home improvements before putting your house on the market can help you get far more from the sale.
Unfortunately, there are many remodels that simply aren’t worth it. Although a major remodel may help you sell your home faster, it’s not as helpful if you end up losing $50,000 in the process.
That’s why you have to consider remodeling cost versus value.
To avoid putting far more money into a remodel than what will be added to the final sale cost, read through our list of five fixes that will actually up your home’s value.
Best Updates for Remodeling Cost Versus Value
Something you need to keep in mind while reading these is that how much value is added to your home depends on what region you’re in. Check with a local real estate agent to find out more about what updates are best based on your location.
It’s also important to note that you should only start these remodels after you’ve completed any important fixes to the home. You never want to spend money making a room look nice if the pipes are leaking.
Without further ado, here are the five best remodels to improve your home’s resale value:
1. Updated Bathroom
You don’t need to completely remodel your bathroom to give your home’s resale value a big boost. In fact, simply recaulking the tub and replacing fixtures can go a long way to improve the look of your bathroom.
Updating your bathroom can get you an additional $10,000 in resale value.
2. Updated Kitchen
The next room in your home where a little bit of work can go a long way is in your kitchen. Replacing the tile, countertops, and resurfacing the cupboards can all help add value to your home.
In fact, a minor kitchen remodel can improve resale value by almost $15,000.
3. Convert Attic Into Extra Bedroom
This is another great way to improve the value of your home. Add insulation and flooring and make sure the HVAC system reaches the room, and you can add a bedroom to your listing.
This remodel can earn you around $36,000 extra when you sell your home.
4. Basement Remodel
Depending on how much you want to do in your basement, you may want to hire home builders to help. Finishing a basement by adding flooring, drywall, and a bathroom will have a huge impact on your home’s value.
By remodeling your basement, you may get an additional $46,000 in resale value.
This can be the cheapest return on your investment if you’re willing to get your hands dirty. Trimming overgrown bushes, adding flowers, and installing sod can all help intrigue potential buyers.
Making the exterior of your home look incredible will help you earn about $5,000 extra at the house closing.
DIY Tips for Saving More Money on Remodels
Now you have five of the best updates for remodeling cost versus value when selling your home. To put even more money in your pocket, you can DIY many of these projects.
Be sure to check out our blog for DIY tips that will help you get more money from the sale of your home for less money!