If you are planning to sell your house, below are the 4 most improvements that increase house value when selling a Houston house.
Many house sellers consider renovating a house before selling since it raises the asking price. Replacing old or broken elements such as appliances and carpet definitely increase the value of the house… However, these renovations do not have much impact on impressing potential buyers. Be careful not to spend so much money on highly personalized projects, because buyers can be rather picky. That custom Star Wars railing that you spent a fortune on might just get knocked down and the fact that it is coming down may actually end up lowering the asking price!
Therefore, it is important to invest wisely if you want to focus on renovations for a higher resale value. Highly personalized renovation projects are great if you are not planning on moving out any time soon. If you are planning to sell your property soon, however, the following home improvement projects are definitely worth it.
4 Improvements That Increase House Value
Garage Door Replacement
A great looking garage door will almost always return cash to your pocket. You can expect to recoup anything from 85-95 percent of your investment and house value. However, as a word of caution, you need to be smart about which garage door you install.
If you remove an existing 16×7 foot door and replace it with a four section door with steel tracks or heavy duty galvanized steel, you can reasonably expect an almost 100% recouped cost. Going overboard with it or doing the bare minimum can come off as either being too lazy or too tacky or having something to hide, which can, in turn, affect the asking price.
Add Home Value With Improved Insulation
Adding insulation to the attic, for instance, is one of the best home innovation projects that you can carry out.
Added insulation not only benefits you if you are planning to use the house for a while, but it also has a return value of up to 108%! This means you can recoup all the money you spent on the project! Furthermore, insulation projects can be quite inexpensive.
As a rule of thumb, anything that makes the running costs of the house cheaper is definitely a smart investment. This is why improved insulation ranks so highly because buyers love to get great value for their money.
Kitchen Remodeling To Increase Asking Price
If you are hoping to sell high, you need to grant the kitchen some extra attention. Most real estate developers and agents alike agree that the kitchen is the heart of the home. A great kitchen almost always overshadows any other not-so-great aspects of the house. You want to wow your potential buyers, to make them talk about nothing else but how amazing the kitchen is.
A simple way to achieve this is by simply refacing your cabinets and updating the finishes.
Normally, simple kitchen remodels have an up to 80% return. Be careful not to go overboard with it, however, since a major kitchen overhaul has only about a 65% return on investment.
When renovating your kitchen, you can also check online for coupons for home products or furniture to give your space that added boost in aesthetics. For example, Wayfair has some amazing deals on home furniture that any home improvement project definitely needs to take advantage of.
Everyone loves a great looking bathroom. Simply replacing the vanity, lighting, and toilet can give your bathroom space an entirely new look and feel. This massively drives up the asking price. Furthermore, home improvement coupons sites like Wayfair also have a great range of home products and furniture that you can get for cheap which add an extra layer of class to your bathroom space, pushing the price up even more.
However, if you choose to add a whole new bathroom where there was none, it can be a major investment with a not so great return. You can only expect to recoup about half of your investment for house value from such a project. On the plus side, an extra bathroom could be the factor that makes the sale happen… Especially if initially there was only one bathroom.
Home improvement for increasing resale house value is not a cheap venture. Often, most of these projects have a very low and demoralizing return on investment. This makes you wonder why you are doing it at all in the first place. However, with this four strategic home improvement projects, you can be sure to reap the rewards of your hard work. This is because they not only push the value of the house up, but they also make your home more attractive to buyers and help you sell faster.