Whether it’s been years since your home has been updated or you’re thinking about making a few changes to get more when you sell, you want to know you’re using your money wisely. Here are a few of the top renovations to add value to your home if you want to sell and get your money back.
1. Minor Bathroom Remodel
The keyword here is “minor.” You don’t want to tear out the room and start from scratch. Of course, you may be wondering what minor looks like. Surprisingly, it might look more like a major remodel by the time you get done. A minor bath remodel often includes the following:
- Replace the tub
- Replace the toilet
- Replace the sink
- Change the vanity
- Update fixtures
- Tear out the floor and put in new tile
- Replace the tile surround
To do all this, you can expect to pay about $10,500. If you can’t get the tub out the door, you can re-glaze it to save money. Once the project is finished, you can expect to get 102 percent of your money back when you sell.
2. Minor Kitchen Remodel
While a major kitchen remodel costs upwards of $30,000 or more, a minor remodel is about half. What does a $15,000 remodel give you?
- Reface cabinets and drawers rather than replacing
- New sink and fixtures
- New cooktop and wall oven
- New laminate countertops
- New flooring
If you want to add granite to the countertops or replace your cabinets, the cost will go up significantly. The value of your home will increase if you make the right choices on your kitchen remodel.
3. Exterior Updates
You never get a second chance to make a first impression, and buyers will often drive by a property before they decide to take a tour. Update the front entry and add vinyl siding or paint to give your home new life. The cost of such a project can vary widely. Painting is expensive if you hire a professional, but it’s time-consuming if you do the work yourself. It can cost around $7,000 or more to replace vinyl siding on a 1250 square foot house.
If you do the work right and make smart choices on your updates, you will draw in buyers when you’re ready to sell. You want to make sure the job is high-quality because there is no hiding any flaws in the work.
These are just a few of the top renovations you can do to make your home appeal to more buyers. Of course, you must have the money – and even the time, if you want to do it yourself. However, you can avoid this task if you sell to a cash buyer who will pay the worth of the house as it is now.