The Impact of Home Improvements on Sale Price

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If you are selling your home, you are likely looking to gain the greatest return on your investment with an elevated sale price. Cosmetic upgrades may look great on the surface, but to make a real difference, you need a home improvement strategy. 

Let’s take a look at the home improvements that will make the biggest impact on your sale price. 

Selling As-Is Impacts Your Sale Price

Regardless of how much you love your home, a lack of updates or improvements over the years can leave it feeling dated and unexciting. Choosing not to address this issue and selling your house as-is will help you save money from making home improvements. But, it also means likely selling at a lower price, too. 

While certain situations warrant an as-is sale, taking the time to do some home improvements before you list your property could help you land the most ideal sale price. 

Top Home Improvements to Boost the Sale Price

Many home improvements can prove to be fruitful, but there is no denying that certain improvements shine above the rest. Check out these top revitalizations for your home. 

Kitchens

Kitchens are one of the most popular rooms in a home. One that is severely outdated can often make it tough to sell to buyers without lowering the price. Adding new mid-range appliances, changing the floor, or upgrading the cabinet fronts are all great options. 

It is worth noting, however, that sometimes going too big can have the opposite effect. The key is to keep the costs low with simple changes — not replacing cupboards entirely, buying high-end appliances, and so forth. Large kitchen renovations are costly and often don’t come with the ROI you are looking for. 

Bathrooms

Bathrooms are much like kitchens. Don’t go above and beyond for your remodel or your ROI is likely to drop. Simply modernizing bathroom fixtures, updating the vanity, or adding new flooring to make it look more modern are great options. 

Finished Basement

Many homebuyers look for finished basements. It gives them extra usable space that they can take advantage of right away. The returns on finished basements when selling are quite high — and they tend to sell faster, too. Consider it a win for both parties. 

Energy-Efficiency and Sustainability 

Today, there is much attention on sustainability. Catching the eye of those looking for green space with the right renovations, such as upgrading insulation, investing in energy-efficient appliances, converting to an electric heater, and the like can have a positive impact on the sale price. 

Other Noteworthy Improvements

Home improvement jobs do not have to be major to add value to your property. There are a few things you can do that will have a big impact, including:

  • A new front door
  • A new garage door
  • New windows
  • A new patio or deck
  • A new efficient HVAC system
  • New flooring — hardwood floors

Taking the time to renovate certain areas of your home, whether a new door or a whole new kitchen, could pay off when it is time to sell. After all, the right home improvements will have an impact on your sale price. 

Shepherd Homes Group is home to the #1 real estate team in Northern Virginia. They offer a comprehensive list of real estate services for both buyers and sellers. To learn more, visit their website at www.shepherdhomesgroup.com or call (703) 997-1462. 

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