It’s no secret that certain rooms and features of your home have more sales appeal to prospective buyers. In especially competitive markets, a remodeled kitchen, modernized bathroom, energy efficient windows or new floors can help a home stand out. If you plan to sell your home in the next 5 years, consider these remodels to attract potential buyers.
A Kitchen Upgrade may recoup 60 to 120 percent of your costs; just be sure the updated design complements the style of the rest of your home. Although the kitchen is often the room that helps sell a home, avoid investing in high-end appliances and features. Paint the walls white or another light, neutral color to brighten the room. If you upgrade the appliances, choose energy-efficient models.
A Bathroom Addition may recoup 80 to 130 percent of your costs, especially if you only have 1 bathroom. Many buyers prefer homes with at least 2 bathrooms. If your home is a few decades old, adding a half or full bathroom may make it more attractive to buyers. If you’re wondering where to fit a new bathroom, consider underutilized spaces in your home, such as closets, extra rooms, etc.
A Reinvented Space such as a finished basement, converted attic or small apartment over your garage may recoup 50 to 83 percent of your costs. However, think about how the potential buyers will use the space before you change the footprint of the room or invest money in the renovation.
Add a Deck. People enjoy spending time outside and entertaining family and friends in the summer. Adding a deck may help you recoup 65 to 90 percent of your costs. Keep in mind, this figure varies by the size of the deck, the materials used and other customized features.
Install Energy-Efficient Windows and you may recoup 60 to 90 percent of your costs. Many homebuyers, especially younger buyers, look for energy efficient features in a home. If your windows are single-paned, upgrade to modern models that will help you save money and energy.
Make Small Updates Around the House such as: fixing leaks, replacing rotten wood, repainting the interior and exterior and addressing mold and maintenance issues. The better condition your home is in, the more you may be able to sell it for.