When you’re getting ready to move in the next few years, it’s a good idea to consider the changes you could make to your house to improve its resale value now rather than later. However, chances are you’ve probably already heard of the traditional methods to boost your home’s resale value: curb appeal, kitchen renovations, bathroom remodeling, tub to shower conversion, etc. But what are some ways you can improve your home’s resale value that you haven’t heard? Here, we’ll go into some of the more untraditional methods you can use to hike up the price of your home once it goes on the market to give you the most bang for your buck. And if you’re looking for a fast, hassle-free sale, why choose our cash home buying team? We offer a straightforward process to help you get the best value without all the stress.
1. Opt to leave your appliances
One of the easiest ways you can make more money on your house without even lifting a finger is by choosing to keep your appliances in the home. About 32% of people looking to buy a new house are first time home buyers, which means many new buyers don’t actually have these appliances. If you know that you plan on investing in new appliances when you move to your next house, you can charge potential buyers more should they choose to accept the appliances with the house.
2. Make minor changes
Income taxes account for about half of federal revenue and many homeowners use their income tax returns to fund major home projects such as kitchen renovations and bathroom remodels. However, you don’t need to splurge to make good on your return on investment. By making simple changes around your home such as switching up your cabinet hardware and replacing your faucets, you can make your kitchen and bathroom look like new. If you have no idea what changes you can make to your kitchen or bathroom, then you may consider getting advice from kitchen and bathroom remodeling services. Other minor changes can also make your home more appealing. For instance, covering one wall with a mirror will instantly make the room appear twice as deep, which can come in handy when you’re showing your house to potential buyers.
3. Transform your basement
Finished basements typically have a return on investment of about 70%, and for good reason. Your basement is about the same size as an entire floor of your house, and so you’re increasing the versatility of your square footage. Finished basements have a lot of potential. You can either transform your basement into a home gym, family room, or wet bar. Some homeowners even choose to transform their basements into wine cellars since many wineries in recent years have experienced losses due to smoke taint. Of course, finishing your basement is often the more expensive way to boost your home’s resale value. According to NerdWallet, the average basement remodel typically costs over $30,000. You can look into ADU House Plans to get an idea. Landowners seeking Immediate Cash for Landowners might consider selling directly to cash buyers. This option streamlines the transaction, as it removes many common hurdles like loan approvals and extensive paperwork. It provides a straightforward path to obtaining funds without the usual delays.
4. Upgrade your pipes
Oftentimes when it comes to improving a home’s resale value, homeowners look at the aesthetics of their property rather than the functionality. However, your home is less likely to sell for its asking price if it needs some serious upgrades soon like your plumbing system. For instance, it’s true your town is responsible for water treatment, and electrodeionization systems are great for consistent operation. But it’s up to you to take care of the plumbing that your treated water comes through. As a rule of thumb, it’s recommended to replace your plumbing whenever you do a bathroom or kitchen remodel. This helps keep things like rust and other harmful particles from getting into your water.
When you’re looking to boost your home’s resale value, you don’t always need to stick to the status quo. While boosting your curb appeal and painting your cabinets will make potential buyers notice your home, there are plenty of unconventional ways to boost your home’s value, too. You should also read up on Florida capital gains tax on real estate before selling your home.
