You may not want to think about your home as a business transaction, but if you’re planning to sell now or in the future, it always comes down to the numbers. It’s smart to invest in your home while living in it, but remember to make smart choices to come out on top in the end.
There has to be a compromise between following a budget and splurging on high-end items to get a proper return on investment without breaking the bank. Many home buying and design styles are based on personal choices. Not everyone will love all changes you decide to make, but doing your research (and reading this blog post) will assist you in choosing the renovations that will yield a return.
Kitchen and Bathroom Updates
Many believe the kitchen is the center of the home. It is generally a deciding factor when buyers purchase a home. If a full kitchen renovation is in your budget, that’s great and you can gain a great return on investment (ROI) from that. If a whole renovation isn’t in your budget, then take a look on some individual changes you can make to bring the “wow” factor into your space.
Subway Tile – this look offers a modern update that’s clean and instantly noticed
Farmhouse Sink – ditching the ceramic sink for a farmhouse sink will attract buyers and give your kitchen the “lift” it deserves
Shaker Cabinets – higher-grade cabinets in a modern color will update the look of any bathroom
Granite or Quartz Counters – A very well received upgrade is from swapping our stained or tiled counters with this clean replacement
General Home Updates
You may look around your home and think there are so many things you’d like to update, but you don’t have to do everything – just be smart!
Install Efficient Windows – this update will benefit you while you’re in the home as well as for future buyers, not only offering a great ROI but savings on energy bills
Add Pendant Lighting – Removing dated lights and lamps will bring a whole new esthetic to your home
Invest in a washer/dryer – Selling your 10+ year old appliances and putting the money towards a new set will allow for a more energy efficient models
Regardless of the size of your budget, you can carefully select which features to swap to assure that you get the most bang for your buck. Focus renovations on the kitchen, master bathroom, and important “behind the scenes” items like appliances and light fixtures.
If you’re still not sure, give Own NY a call and our agents will consult with you to get the most for your home when you sell!