Selling a home? It’s a lot of work, but all that effort can really pay off in the end. All those improvements you’ve been planning become critical on your to-do list. Rather than making them somebody else’s problem, dealing with these issues can substantially improve the resale value of your home. It can be hard to prioritize which improvements to make that have the biggest bang for the buck. Here are our 6 top suggestions.
Fix Up or Replace Garage Doors
Until you’re selling your home, that old garage door may have been fine to get by with. It may be noisy, but it went up and down most of the time. But what does it do for your curb appeal — the single biggest factor when it comes to determining home equity value? Repairing or replacing your garage not only improves the resale value of your home — it helps it sell faster. Most people make their first judgements from the street. A beautiful garage door gets them in through the front door as more serious potential buyers.
In fact, a new garage door has one of the highest returns on investments when it comes to home improvement projects — 97%, virtually dollar for dollar. It may seem counterintuitive to install a new garage door on a home you are selling, but the improved resale value actually makes this a sound investment.
Upgrade to Smart Home Tech
Today’s home buyers expect automation — which is why smart technology can be such a powerful selling point. Install a smart thermostat to give you complete control of your home’s environment from any device. You can even install a smart coffee pot so the coffee’s brewed and waiting for you. Smart garage door openers allow you access to your door from anywhere — even at the office.
So if you don’t choose to install a new garage door, consider installing a new smart garage door opener. You can make a substantial upgrade for just a few hundred dollars that can do wonders for the resale value of your home.
Upgrade Lighting Features
A bright cheery home can be extremely welcoming to potential homebuyers. You might consider upgrading the lighting both to the interior and exterior of your home. Consider installing track lighting for the living room. Motion detection lighting for stairwells, basements, porches and garages. You might consider upgrading to LED lighting which can be extremely energy efficient. These bulbs are very bright but only use 10 watts. That kind of electrical savings can be very enticing to potential homebuyers.
Renovate the Basement
Does your basement look like a dark and dingy cellar? Consider renovating the basement to a den, children’s play area, or exercise gym. This can substantially improve the resale value of your home.
Install carpeting over bare cement. Add in some wall paneling. Install a bar or entertainment center. Considering that your basement contains all the square footage of your home, renovating the downstairs greatly increases the living space. Your home will be worth more, and it will be more enticing to buy in a competitive marketplace.
Upgrade an Entryway with Stone Veneer
Another great way to boost curb appeal is to give a front facing entryway a facelift. Consider replacing existing vinyl siding with manufactured stone veneer. You can install 36 linear feet (LF) of sills, 40 LF of corners and one address block, with materials including two layers of a water-resistant barrier, corrosion-resistant lath and fasteners and more for just under $9,000. The beauty of this upgrade is that it has a 95% ROI value, one of the best home improvements you can make — second only to installing a brand new garage door.
Install a Wooden Deck
Have a big yard? Consider installing a brand new wooden deck. This is a great enhancement for enjoying the outdoors and beautiful sunny weather of Sacramento California. You can install a 16-by-20-foot deck, including a railing system with pressure-treated wood posts, railings and balusters for about $1,300. And a wooden deck has an ROI value of about 75%. It’s great for resale.