Do you have questions about buying, selling, or renting during COVID-19? Learn more You don't have to spend a lot of money to make your home more attractive to buyers. Consider these lower-cost projects that still offer a lot for your money. You don't need to tear off the tiles or add all the new accessories to add a touch of elegance to your bathroom. In fact, 27% of sellers make improvements to the bathroom before selling it, and they can be simple solutions.
Fixing floors is another common task, taken on by 24% of sellers. A HELOC works like a revolving line of credit, secured by the capital of your home. Borrow what you need as you go, but borrow it with a variable interest rate, so costs can rise (or fall) over time. Replacing old lamps, countertops, cabinets, toilets, and floors can also increase the appeal of your home.
Bathrooms have the second highest rate of return on investment, behind kitchens. The remodel recommends sticking with a 16-foot x 20-foot wooden deck, although the right size for your home will depend on the size of your house and patio. You'll also want to add a railing system to increase function and stability. And before a DIY project can be considered, you need to make sure that any new addition or change fits the overall aesthetic of the house, so the best home design software can help you with.
We'll look at the price trends for the top 5 home improvements that can lower your home value. Your home is a great financial investment, and any money you invest in it should not only increase your enjoyment of the house now, but also add value that you'll recover when you sell it. From indoors to outdoors, from bathrooms to kitchens, there are small improvements you can make yourself to improve your home and increase its value. With the stairs and heights involved, this may not be a DIY task for everyone, but even if you have to hire other people to do this work, it's still quite inexpensive when it comes to home improvements and can make your house look almost new from the outside.
Sometimes, an improvement can be more energy efficient, as it not only increases the aesthetics of your home, but also “makes it greener”. Whole house renovations can add value to your home, but there are ways to improve it without going into debt or plundering your savings. Buyers usually look here first to determine if a home is worth its selling price, since most people want an improved kitchen without having to pay a lot of money to get one after buying a home. These are the top renovation, remodeling and home improvement projects that increase home values according to Opendoor data on thousands of recent home sales.
Improving your home doesn't have to be expensive or complicated, and it doesn't have to involve contractors. If you're planning to sell your home soon, chances are you could benefit from a remodel or some basic improvements.