Sometimes you have to spend money to make money. This especially holds true when it comes to selling your house. If you want to get top dollar when you sell, you have to make sure your home is in tip top shape, and that probably means undergoing renovations. Keep in mind, not all upgrades have an equal impact on what your home is worth. Take a look at the top rooms to renovate to get top dollar when you sell.
1. Minor Kitchen Remodel
The kitchen is seen as the heart of the home and one of the main selling points for buyers. You don’t have to spend a fortune on upgrading all your appliances, instead focus on colours and textures. A minor facelift to your kitchen could include painting or investing in new cabinet doors, upgrading your countertop and/or backsplash, and updating your cabinet hardware.
2. Minor Bathroom Remodel
Outdated bathrooms are never a good look, and since bathrooms are another top selling point for buyers, they’re a good place to put in some extra money. Minor bathroom remodels can include updates such as re-grouting the tile and replacing caulk around the shower, bathtub and toilet. If your toilet is old, consider upgrading to a more modern model, and it’s amazing the difference a new mirror, fixtures and a fresh coat of paint can make!
3. Partly or Fully Finish Your Basement
Although some buyers prefer unfinished basements, other like to know that they won’t have to finish a basement after they move in. Cover concrete floors with easy-to-install subfloor and stage it with a rug and comfortable furniture pieces so potential buyers can see themselves spending time down there.
If you have flooding issues, make sure to fix those first and foremost. Re-slope your yard or add bigger gutters to ensure water is kept out. There’s no point finishing your basement without doing this first.
4. Living/Family Room Updates
When it comes to your family/living room, a fresh coat of paint and updated decor is all you need! Invest in new light switches and lighting, crown moulding, and refresh your mantle. New window coverings will make a world of a difference, and make sure to stage your furniture to make your room look as big as possible (moving your furniture away from the walls is a good way to do this!).
5. Don’t Forget Your Exterior
You only get one chance to make a first impression. The exterior of your home is the first look potential home buyers get of your house, and it sets the tone for what they can expect to find inside.
Unless your house exterior is completely run down, you don’t have to spend too much money updating your curb appeal. Consider options such as power washing your home’s exterior, painting your front door, efreshing your landscaping, and investing in a great pair of planters with colour that contrasts nicely against your home colour. All should be seasonally appropriate. Small changes can make a big difference.
If you’re planning to sell your home, consider making some upgrades before putting it on the market. Renovating these rooms and sprucing up the curb appeal of your home will ensure you see a great return!