Selling your house can be a complicated and frustrating process. Are you going to get the price your home is worth? How do you make sure that your house’s resale value doesn’t drop after years of living there? One way you increase the resale value of your house is by updating features and adding certain elements that can contribute to the value and appeal of your home. It’s important to choose projects that will give you the highest return on your investment, especially if you’re thinking about selling your house. The hardest part is knowing which home improvements actually increase the resale value of your home and which ones are a waste of time or money. If you are planning on putting your house on the market you should start scheduling any renovations you intend to make. Learn our first secret to boost your home’s value below.
1: The Kitchen Is Still King
Buyers of all kinds have long focused on the kitchen, but it holds particular sway over the newest wave of first-time homeowners. A “modern/updated kitchen” topped the list of ideal home features in our survey of millennials, registering as most important to more than a third of respondents. If you plan to sell, don’t rip your kitchen down to the studs; a smaller investment can have serious impact. For as little as $5,000, you should be able to add a new suite of appliances, as well as a new countertop and flooring, resulting in a fresh, coordinated look. Applying a fresh coat of paint to the walls or cabinets, and updating the hardware, can also breath new life into the space. (Check our kitchen planning guide for more information.)
Stainless steel.Though it has been around for decades, this appliance finish conveys clean, contemporary design, so it will signal “updated” in the mind of the buyer. For the latest spin on stainless, look for new versions of black stainless steel from KitchenAid, LG, and Samsung, each with a softer, less reflective finish but the same cachet as the original.
Quartz countertops. Engineered from stone chips, resins, and pigments, quartz has started to challenge granite and marble as the go-to material in higher-end kitchens. It shrugged off heat, scratches, cuts, and stains in our tests, and it requires none of the upkeep of comparably priced natural stones. Expect to spend $40 to $100 per square foot, installed.
Potential bump in sale price: 3 to 7 percent
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