Home renovation can have a significant impact on the resale value of your property. However, there are many pitfalls along the road. Sellers often don't like the fact that they sometimes have to spend money on a home they are about to leave. But think about it from another angle. A house that went through a remodel will sell more quickly and for more money. With that in mind, let's talk about pre-sale home improvements with a high ROI! It is all about the approach Making pre-sale home improvements is not always easy. If you don't know what you are doing, you might spend money on improvements that don't make much sense. You have to think about this process from a buyer's perspective. For example, if you are buying a home, ask yourself if it will be easy to sell it in the future? If the property does not have resale value, it is usually not a good investment. Knowing that, when considering home improvements with a high ROI, the first thing on your mind should be to focus on adding features that will increase the resale value of your home: • adding more space; • energy-efficient improvements; • more natural lighting; • adding useful technology; Your home might already have some of these features. If you want to prevent overspending, it is best to hire professional services to evaluate it and help create a plan of action. Pick home improvements that the buyer wants Whether you like a specific improvement or not is irrelevant. Whether the buyer likes it or not is crucial. Therefore, you should always focus on what the buyer wants. With that in mind, selling your house on your own in 2021 is a mistake. Mainly because you don't know the market, and you have no clue about the most valuable features that buyers are looking for. Let's talk a bit more about the exterior and interior home improvements that will bring you excellent return on investment. Exterior home improvements with a high ROI It can be hard to look at your property through the eyes of an investor. However, it is crucial to understand its importance. Prepping a home for a sale is the same as preparing yourself for a date. It requires time, and you need to pay attention to all the little details. The most obvious thing you should do is clean the drive-in, front yard, and porch, clean windows, put flowers in pots. Consider doing an exterior paint job in case the current paint is old and dirty. This beautification process will make the property look good at first sight. It would be best if you also considered adding shrubbery or a nice stone walkway. If there are any loose stones, fix them. A good approach to looking for home improvement ideas that will get you a high ROI is researching other properties in the neighborhood. See if they have something you like, and try to implement that. Also, try to find something that no other house has that could be of value to the future buyer. Another critical element of the exterior renovation is knowing what to avoid. For example, anything that has slopes towards the house can cause moisture during rainy days and potentially damage the structure of the house. Interior home improvements with a high ROI When it comes to making improvements inside your home, that all depends on what your home looks like. However, one improvement that is a requirement for all homes is to remove wallpapers and do a fresh paint job. You can't go wrong with that. We have already mentioned that adding more space and natural lighting and making your home energy efficient are features that most buyers want. Let's see how to do that. Adding more space to your home The most important part of this process is decluttering. It is essential during renovation because fewer items in your home will make the works easier. Moreover, having a lot of furniture may cause the home to look smaller from the inside than it actually is. So, think about what pieces of furniture you want to move to your new place. The same applies to other accessories you have in your house. Once you determine what you want to keep, place in storage. That way, you will take care of your belongings during the process of renovation and when everything is over, you will make your home look more presentable for prospective buyers. Also, you won’t have to think about packing them for relocation when the time comes. Then, look at what's left inside. There is a reason why you are not taking the rest of the furniture with you. Will the next owner like all of it? Throw away anything old and with no value, and only keep those pieces that will help the owner visualize what the place can look like. More natural light saves the day Clean and fix windows, and remove dark and heavy drapes. Also, consider rearranging furniture to let more light in. Those are the cheapest improvement ideas unless you want to replace windows. Natural light improves the visual look of the interior. However, keep in mind that buyers might look at the home during nighttime. With that in mind, make sure that the house has enough lighting for when the Sun goes down. Energy-efficient improvements There is an array of energy-efficient home improvements you can make: • replace current appliances with more efficient versions; • add insulation at the attic; • put energy-efficient lightbulbs; • install low-flow plumbing fixtures; • use ceiling fans to improve airflow; • install a programmable thermostat. All of these changes will make your home energy-efficient, which will attract buyers' attention. Think about cost control As the last piece of advice, you have to think about cost control. It is easy to get carried away with making all these home improvements with a high ROI. However, if you spend too much money, you might be in a situation where selling the home will not cover the expenses you made. Or the house might become too expensive for the market. With that in mind, it is crucial to make a plan with your real estate agent. Consider the target price and potential expenses, create a budget for the renovation, and stick with it. Lastly, learn how to prioritize one improvement over the other. Lots of luck in the renovation process! META DESCRIPTION: Home improvements with a high ROI are the best way to add value to your property before selling it. Here is how to do it efficiently! https://www.pexels.com/photo/couple-doing-house-renovations-7217957/
