November 21, 2024

Renovation Projects Intended To Increase The Resale Value Of Your Property

property-payoff-tips-to-increase-resale-value-1-638

Many home renovation projects are great ways to keep homes interesting and fresh for their homeowners. However, they’re also immensely impactful in increasing the resale value of a home in the aftermarket. Before making your next home renovation project, consider which changes are necessary and which changes you think may be a trend that won’t stand the test of time. Finding the right balance between these changes is imperative for the value of the home, but with the help of this post and accompanying infographic, homeowners should be able tp prioritize which changes can make the greatest difference for their homes.

It may seem obvious, but the most appealing renovations visually are the types of projects that any homeowner interested in increasing their home’s resale value should take. Many aspiring homeowners on the market are more likely to notice grand renovation projects rather than niche changes made to a home during their first visit to it. For example, buyers are much more likely to notice a change such as a brand-new garage door compared to a fresh coat of paint on the guard railings leading up to the front door. This isn’t to say that smaller scaled projects aren’t beneficial, though. In fact, sometimes the most simple options can make the biggest difference. For example, fresh coats of paint in the bedrooms and bathrooms of any home goes a long way with buyers as the amount of work they have to put into the home after-purchase is reduced.

Many aspiring homeowners will likely begin to care about the functional integrity of a home if most renovations are already complete. Meaning sometimes the best changes come in the form of things you can’t exactly see. Improving a home’s integral functions is very important to any prospective homeowner. Electrical and plumbing systems, for example, are an incredibly important aspect of a well-functioning home. Upgrading this infrastructure, or even just making sure all of the systems are running properly prior to showing a home, can go a long way. For prospective homeowners deciding between a home that has these systems well-established or one that doesn’t, their choice will always be the home that does.

If a home’s internal functions are all operating at their most optimal level, it might be worth considering the types of outdoor renovations that can be made to increase utility of the home. Property value is increased immensely when a selling point such as outdoor functionality is added. Projects such as a new deck, fresh landscaping for a new beautiful layout of the backyard, or even a pool are all great selling points. The reason behind this is that buyers view these outdoor additions as extensions of their home. Not only does the square footage increase as a result of these projects, but there’s additional space to host and entertain for prospective homeowners. If you were considering making your backyard more welcoming or expanding it in anyway, you’re on the right path.

Deciding which home renovation projects are right for your home can be difficult, but with some careful thought and some time spent checking out the infographic accompanying this post, the process can be simplified. For more information on which projects are the most beneficial, be sure to check out the infographic coupled with this post.

Author bio: Sara Scimeca is Marketing Coordinator for Synergy Builders, a stress-free remodeling company. She has two years of experience in the industry and manages Synergy’s marketing plans including creation of content for newsletters, brochures, advertisements, videos and more.

What Is My Home Worth? A Guide to Finding the Value of Your House

Infographic on how to find the value of your house
By
HomeLight Homes