When you are trying to sell your home, it is clear that there are some home renovations that boost the value of your property on the real estate market and others that simply do not. If you are trying to invest your money wisely, it pays to know which types of renovations that real estate agents find work the best. To get a better idea of how you can renovate your home to sell it to the next buyer as soon as possible, keep reading.
Things homeowners will immediately change
One of the worst ways to invest your money in a home you are trying to sell is to add wallpaper. For all you know, the next homeowner needs to match an antique piece of furniture to an exact style of paint or pattern. Alternatively, a teenager that wanted black walls in their room will need to have it painted over to give the next buyer a generic idea of the room. In other words, if you want change the walls, consider removing wallpaper and painting over them with a versatile style paint that will allow the new owners to easily renovate after they buy. Other expensive renovations you can put aside are changing all of the carpets, installing new tile in a specific color and having all of the lighting fixtures changed.
Pre-renovating for the next homeowner
Was there always a problem with the carpet in the hallway or a window that needed to be fixed? When it is time to put your home on the market, the idea is to make it look like a place many people would want to buy, but pre-renovating often gets overlooked as an option. In this scenario, the homeowner renovates offensive areas of the property, and might change out practical things like valves, leaky pipes, plumbing or faucets. Nevertheless, this gives the next homeowner a chance to decide the style of a major remodel. A good example is siding. Often, homeowners will choose a siding they think is appropriate, but a buyer that is not satisfied with a generic look might want to immediately paint over the siding. It is also appealing to buyers if they have the choice to have the old homeowner pay for renovations that they were potentially planning on paying for out-of-pocket.
Installing utility-saving devices
Did you know that installing certain types of windows can save homeowners on heating or cooling bills? In some cases, your current home appliances or building materials could use an upgrade that will save a future homeowner enough money to make them consider your property over others. For example, changing roofing materials from a dark to a lighter color will reduce overall cooling bills. Another example is adding modern insulation to the walls. Finally, a good renovation that can improve the chances you will sell your home quickly includes having the inside of your plumbing pipes sealed with non-toxic epoxy liners that prevent future leaks.
Making your property smart home ready
The next evolution in home ownership is here, and it involves controlling almost everything with a smartphone app. Of course, the most ideal time to convert a house into a smart home is when it is empty. For this reason, be sure to include smart home renovations when you are putting your home on the real estate market. Often, the devices are inexpensive and a tech can install them quickly. Good examples of money savers are smart home thermostats, security upgrades, remote water heater shutoff and automatic garage door openers.
Fix the gardens and the drainage
Another smart way to show that your home is a good investment in the real estate market is to ensure that there will not be future problems with the foundation. The best way to do this is to install gutters or drainage pipes that move storm water away from the foundation of the house. However, keep in mind that this also relates to the landscaping, and a great deal of curb appeal can be added while erosion or drainage issues are being addressed in the yard. For example, a new trend toward turf-free lawns gives homeowners a chance to decorate with various types of gravel or stones that can make your home stand out significantly in the environmentally friendly real estate market.
Philip Piletic – I’m a freelancer, writer and traveler who loves to share his experience with others by contributing to several blogs and helping others achieve success. I’d like to thank Process Systems for their help with this article.