As a first time homeowner, you may wonder which home improvements are solid investments to make. Generally speaking, if you know that your goal is to sell the home in a few years and make a profit on it, it’s best to stick to improvements that any buyer can appreciate instead of catering to your own taste. For example, many people like the clean, modern look of stainless steel appliances, so installing them is a fairly safe bet. A hobby room that caters to a specific interest, such as a music studio or workout room, can make your home a harder sale. But an open use space, like a rec room or family room, can be attractive to multiple buyers. Here are some ideas for home renovations and improvements that are likely to increase the value of your home for resale.
The kitchen is one of the most important rooms of the house for prospective buyers. It is where they imagine themselves hosting guests and spending holidays for years to come, so they will be focused on every detail. The good news for you as a homeowner is that every dollar you put into your kitchen is likely to pay off and they don’t have to be big investments. Updating the appliances, countertops, and cabinets are smaller projects that do not require major renovation work but can change the entire look and feel of the space.
Heating and Cooling
Some of the best changes you can make are more functional than cosmetic. Many young buyers are looking for a home that is energy efficient. As an added bonus, any upgrades you make to the home’s efficiency will decrease your utility bills and lower your carbon footprint as long as you live there. Some of the changes you can make to increase the efficiency of a home include:
- Replacing old windows and doors
- Installing a new water heater
- Updating older HVAC systems
Open Your Floor Plan
Open floor plans are popular with buyers of all ages, thanks to the flexibility they give the homeowner to customize the living space however they want. If your home has many interior walls and doors that block the sight lines in the living area, you may want to remove some to create a more open, flexible feel.
Increase The Curb Appeal
The way your home looks from the outside is important to potential buyers, so it’s worth the money to keep your home well maintained on the exterior. Maintain the siding or paint to avoid the need for an expensive repair when you are ready to list and make small upgrades to the exterior to help buyers see how they can enjoy your outdoor space. Features like a garden, fountain or fire pit are attractive to potential buyers and only require minimal expense on your part.
If you’re looking to purchase a starter home in the Central Florida area, the Core Group can help. Click here to get started by getting in touch with us!