GayCalgary® Magazine [copy]

The Best Renovations to Make if You Want Your Money Back When You Sell Your Home

Real Estate by (From GayCalgary® Magazine, October 2017, page 65)
The Best Renovations to Make if You Want Your Money Back When You Sell Your Home

When you plan on selling your home in the near future, and want to get the most out of it when you do, then it is important that you plan out what renovations you want to do before listing your home. Some renovations will not move the price you get for your home up very much. However, other renovations can increase the asking, and receiving price that your home sells for. Consider some of these renovations if you want to boost up what you ask for, and get, for your home.

The Bathroom Gives the Best Return on Investment

For the most part, a bathroom is the best room to renovate when you want a good return on investment. You can do something simple like redoing the floor, adding more storage, and putting in a nice tub, and expect to get upwards of 95% of your money back when you sell your home. Sometimes you can get up to 100% of what you put into it back. Just make sure you keep usability in mind. You want plenty of storage in all parts of the bathroom, for towels, toilet paper, chemicals, and anything else that would normally be a regular part of what you see in your bathroom.

Don’t Forget Your Yard When Considering Renovations

When you landscape the outside of your home, you can get around 95% of your money back. Ideally, you want to make the entrance of your home inviting, while also making it easy to maintain. Lots of color helps the entryway pop, and invites people to want to come by. You should do what you can to plant perennials so that they come back each year and always look nice. If you can get ground cover to keep out the weeds, this makes maintenance even easier. Don’t forget the back of your home when landscaping, either. You want a place that is an oasis for the new homeowner, and yourself to use prior to selling your home.

Kitchens Come In Next on the List

If you want to boost the price of your home, then the next place you should invest in, is the kitchen. You want to have nice floors, and countertops that stand out. You should consider flipping out any old appliances and get ones that have modern features. Ideally, you want upgraded fixtures and faucets, so the kitchen not only looks nice and new, but functions that way, too. If you have enough money, consider refinishing or replacing your cabinets so that you have ones that flow best in the kitchen space you have. This should give you almost 95% of your money back when selling your house as well.

Outside the House Needs to Be Considered, Too

Prior to selling your home, you want to make sure it looks its best. This means either taking the time to re-side your home if it needs it, or painting it if the siding it still in good shape. Make sure you look at surrounding homes to decide on a color for the home itself, then pick a contrasting color for the trim of the home. You want the colors to look nice together, but still allow your home to stand out from the houses immediately surrounding your home. This investment often gets you 90-95% of your money back when selling your home down the line.

Attic Conversions Are Also Price Boosters

If you want to add more storage, square footage, or another bedroom to your home prior to selling, consider converting your attic space into a user-friendly space. You can add in venting to keep the area temperature controlled, then decide how you want to use it. Adding in an extra bedroom can be a huge selling point, as can just an all-purpose room that can be made into anything the new homeowner may desire. This renovation typically gets you over 90% of your money back when you sell your home, making it a great investment to make!

If you know that you will be selling your home in the near future, then you may want to consider what renovations will work best for you. The choices you make now can impact how much your home is able to sell for when you decide to put it on the market. If you want advice from a real estate agent about what other renovations do well in your area, consider the expert advice you can get from Contact us today if you want help picking out the ideal renovations to make for your home, so you can get the most out of it when you sell it.

Related Articles

Contributor |

Topic Real Estate | Advice |


Comments on this Article