Renovations, additions, and improvements are part of home ownership, but they’re also key to increasing the potential value of your home. Whether you’re looking to get your house on the market tomorrow or ten years from now, upgrading your home will yield dividends in the long run.
However, all improvements are not equal. Some might mean a lot to you but won’t actually drive up the value of your home when it comes time to sell. To help you figure out what improvements to put on the wishlist, we’ve created this list of renovations and additions that will create profit once it’s time to put your home on the market!
The first place to start is the landscape. In Norman and Oklahoma especially, this is a great way to immediately boost your home’s aesthetic and desirability. In the Norman and Oklahoma region, the soil around the neighborhood and urban areas can be tough for grass, so going the extra mile to add vibrant green grass along with garden areas and even things like fountains is a huge boost.
While we’re outside and already in the remodeling mood, take note of exterior pieces of the actual house that might need some work. This doesn’t just mean the large pieces, like adding a rail to your front porch, but also smaller issues that are fairly easy to fix and really spruce things up. It’s like you’re spring cleaning the outside of your house.
We’re talking about chipped paint, nails jutting out of wood, even dirty porches and patios that could use a good scrub or power wash. Look at your home as if you haven’t lived there before and start there. Most of these things you can do on your own with the proper tools.
Now that we’re inside the house, let’s start with the smallest rooms with some of the biggest importance to potential clients. Certain elements – like the landscaping above – can make the entire home look more appealing to a potential buyer, and the bathrooms might be at the top of this list.
The great thing about bathrooms is that, like the home’s exterior, you can do as little (or as much) as you want to them; you can replace the toilet, sink, tub, and shower, or simply repaint the room and do a deep clean, using steel wool and/or strong soap and bleach to spruce up your bathroom. People love having a beautiful, clean bathroom, and the nicer yours are, the better the whole home will seem!
If you’re not seeing a pattern inside the house, it’s this: people care a lot about the rooms in which they spend a lot of their time. The bathroom and kitchen are both functional rooms with a lot of utility, so buyers want to know they’re getting something great for their efforts.
Like the bathroom, you can do as little or as much as you think is best for you in the kitchen. There are plenty of big changes – a new fridge, granite countertops, a farmhouse sink – and small ones – deep cleaning, polishing the floors, changing fixtures – that make a huge difference.
We’ve tried to organize this list by cost and overall effort, and at this point, you probably won’t be able to make as many minor changes to improve your home. New appliances like washers, dryers and even refrigerators are not small choices, but they are really important and can yield profit in the end.
Plus, if you’re planning on continuing to live in your home for a while before selling, these are great investments that can improve the day-to-day quality of your own life while boosting your profit for later. Not a bad bargain, but still one that will take more consideration than sanding down chipped paint or removing rogue nails from the front.
Deck, Patio, or Porch
Not only is a deck, patio, or porch an enticing element for prospective buyers, they’re also great investments for you and the whole family. Especially in Oklahoma spring and early summer, everyone wants to be outside, and having an area that allows you to accomplish that without having to load the whole family into a car is a bonus.
Like landscaping, an outdoor deck or patio is a great way to expand your living spaces into the rest of your property. Many properties are much larger than the home but aren’t fully utilized. That’ll be no problem for you once you’ve got your new patio.
If you have an older home with a huge attic or big basement, those can be turned into additional rooms. Many people use their attics or basements as game rooms or media areas, especially once the kids are old enough to want their own space for movies and sporting events.
While these are fun for everyone living in the house, they’re also excellent ways to boost the value of your home. Like an outdoor area, turning extra space into a new, functional room simply adds more to your property and boosts the worth of your home!
Light Fixtures and Floors
Last but not least, the light fixtures and floors make a huge impact on any home. Removing old carpet or fixing up current wood floors can do wonders to not just rooms but entire houses, making the space feel larger, fresher, and more functional.
Light fixtures serve similar purposes, completely altering rooms and areas of homes in just one seemingly small moment. The color of bulbs along with the things they are situated in make a huge difference for the spaces they occupy.
For more tips on selling your home, check out the rest of our blog, or if you’re looking for help selling your home (or buying a new one!) contact us anytime. We’re committed to helping you find solutions for your real estate needs.