Are you getting your home ready to sell? Or do you just want to give it a little more love? Whether you’re preparing to move or just looking to make updates, remodeling and renovating are great ways to make your house feel more like a home – while also attracting potential (or eventual) buyers!
It may seem like any upgrade will increase your home’s value, but that’s not necessarily true. When choosing which things to spruce up or replace, it’s important to look at the cost and the return on investment to see whether the juice is worth the squeeze. To help you out, we’ve put together some renovations that are and are not worth your time and money.
Do add some curb appeal, don’t add a sunroom
First impressions matter, and there are so many ways to easily get eye-catching curb appeal! Head to your local nursery to plant some flowers and add some color to make your home feel more welcoming, or paint your front door to make it stand out. A simple power-washing goes a long way to clear away the dust and dirt that builds up throughout the seasons. If you notice that beneath all the build-up your color is fading, just grab a few gallons of paint to give it some life again. Or let us do it for you!
A sunroom can be something certain home buyers are drawn to but adding one isn’t a make-or-break worth the expense. Sunrooms can be a great space to enjoy the outdoors in all seasons but building a sunroom has proven to be one of the worst renovation options with a cost of around $75,000 while adding only about $35,000 to the value of your home.1
Do add new carpet and fresh paint, don’t over-customize
New carpet and paint are cheap and are among the easiest to do for the largest return. New carpet gives your home a fresh, clean feeling. Painting over faded or bold colors with neutral tones adds a soothing touch. Ditch the shag and the bright colors to give your home a natural, updated feel. Need some help? We’ve got you covered!
You may want to add some unique features and interesting touches to make your place stand out from others, but these finishes may deter potential buyers. Over-personalization and customization can make it hard for buyers to envision themselves in your home or add the need for some renovations of their own. So, skipping the hobby rooms, neon paint colors and quirky fixtures would be best in your selling journey.
Do give your kitchen a minor upgrade, don’t do a complete overhaul
The kitchen is the heart of the home, so a major overhaul may seem like the best way to attract buyers. However, a complete kitchen renovation costs around $135,000 with only a 54% return on investment.2 No need to add a center island or completely change the layout. Less is more for this one!
A minor kitchen upgrade is the way to go to appeal to buyers. Simple things like replacing worn-out counters, dated fixtures or old appliances can get you a ROI of up to 80%!2 (And hey, did you know that if you list your home with Offerpad, we can make minor upgrades like that for you?)
It may be a little daunting to know where to start when you decide to renovate your home, so leave it to us! If you choose to list and sell your home with Offerpad, we have renovation experts that know the right things to do to increase your home’s value. You get some awesome (free!) perks, too, like deep cleaning services, handyman touch-ups and landscaping spruce-ups! Just sit back and relax while we get your home ready for you to sell at the highest listing price possible.
