Selling a home is often an arduous, lengthy and stressful process –even when it’s a sellers’ market. However, there are simple upgrades that you can carry out on your property and speed up things so the house sells quickly.
Done correctly, these upgrades will not only improve your home’s appearance, they will significantly increase your home’s value, and help you attract higher profit margins from the sale.
So if you’re looking to carry out some renovations and wonder what updates will get you the best bang for your buck, the following ideas can help.
Enhance the Home’s Kerb Appeal
Have you ever gone to an open house or a property showing, and found yourself thinking “wow, that’s a beautiful property”? Well, that’s because of something called kerb appeal.
Your home’s exterior is the first thing that people will see. Whether the buyers are going through the photos on a realtor’s website, or visiting the property during an open house or a private tour, they need to be impressed by what they see as they approach.
This often leaves a lasting impression on their minds. Homes with great kerb appeal tend to attract more money than those without. To improve your home’s exterior, try the following:
- Mow the lawn, keep the grasses low, or carry out some landscape beautification
- Keep your compound, lawn, and backyard clean and clutter-free
- Install some flower pots and flower boxes with plants and flowers near the property’s entrance
- Replace your door handle with a contemporary handle that complements the house’s design
- Get a new doormat –it’s interesting how a nice doormat can add some cheer to your home’s appeal
- You can either change your exterior lighting to something just as fitting or repaint the old ones –a little painting can go a long way
- Where possible, power-wash the roof and property exterior
Apply Some Paint to Parts of the House
Now, you don’t have to repaint the whole house if you don’t have the budget. You can look for those areas of the house that need a slight touch-up and apply some paint there.
A smart tip that gives your home a facelift makes a good impression, and doesn’t cost a lot of money is repainting the door and its frame, as well as the shutters. Even better, a good paint job can lead to between 55 and 107 per cent ROI. This tip works because the paint is the first thing that buyers notice and is likely to get the buyers to close the deal.
Just remember to choose paints with a neutral palette. Neutral colours like grey, beige, and tan tend to work best as people can imagine themselves living in that space. Plus, they add some freshness to the home, making it more inviting and warm.
Also, people don’t want to shell out more money for a paint job after buying the home –unless they’re buying a rundown building to fix and flip the property (but that’s a topic for another day).
Upgrade Your Kitchen Cabinets and Countertops
An upgrade doesn’t have to be expensive. A simple repainting or changing the cabinets’ designs can transform your kitchen’s looks. If you can afford it though, consider replacing the kitchen cabinets.
Something as simple as switching out wooden cabinet doors and replacing them with glass can increase your home’s value. Another cheaper option that’ll add some serious value to your home is refacing the cabinets to improve how it looks.
Old, worn, or stained kitchen granite countertops should also be replaced with new, modern granite countertops. In fact, kitchen granite transformations can increase the value of your home by up to 300 per cent of the value of the old countertop. The kitchen is a key part of the home, and an amazing countertop can hugely influence prospective buyers’ decisions.
Add Features Based on Target Demography
Who would you prefer to sell your home to? Millennials or senior citizens? Families or single professionals? Remember that every demography has different needs, and you may have to renovate your property with them in mind.
For instance, 38 per cent of homebuyers are millennials. This means that they’re tech-savvy and often desire smart homes with tech features like keyless entry, smart doors, voice-controlled lighting, pre-installed Wi-Fi, smart thermostats, and other smart home features.
If all this seems a bit much, you can install something as basic as a smart thermostat, Ring camera, or some sort of tech security package. They can always change it to whatever they want when they buy the home and move in.
But millennials aren’t the only group to consider –even though they arguably make up the largest home-buying demography. You might also want to consider other age groups.
Senior citizens, for instance, prioritize accessibility, convenience, community, and proximity to hospitals. Do you see where this is headed? So think about who you’d like to sell to first. It’ll help guide your renovation ideas.
Replace Wooden Doors with Steel
Hopefully, you live in a safe area with a low crime rate. But still, a home that looks safe and secure is always attractive to buyers. Steel doors assure the buyer of extra security.
Plus, steel doors look awesome, are more durable, and are preferable to flimsy-looking glass or wood doors. If you can’t replace all the doors, just install the steel doors at the front and back of the building.
You may want to consider bundling that with other security features like CCTV cameras, motion sensors, and other security technologies. Homes that are perceived as safe are typically sold faster than those without obvious security.
Apart from expensive homes, some homes are on the market for years because they lack some basic upgrades. If you want yours to move quickly –in 3-6 months– then you need to make it easy for the buyers to choose your property.
If you implement the renovation ideas that we’ve highlighted here, you will likely sell your home very quickly and move on to other things. Good luck.