Adding Value

Which items will help add value to your home and get you the highest ROI with resale value when the time to sell comes?

The answer is: “Only the ones that future buyers will also want and be willing to pay for.” 

As a general rule, choosing the functional over the merely cosmetic and choosing neutral over unusual or exotic will pay at resale. Taste and current trends can also affect the value of an update. Unusual colors have a limited appeal. 

Which updates will add the most value to your home? 

• Update your kitchen and/or bathrooms. Whether you need a minor or major remodel, updating the kitchen or bathrooms in your home will yield a high return on investment. Stay timeless with your updates, but also pay attention to trends.  

• Increase usable space. Add an extra bathroom, upgrade or expand your kitchen and/or master bedroom suite, add more closet space, or convert an unused space to a more functional space, like a spare bedroom to a home office or basement into the ultimate hangout space. 

• Lighten and brighten your rooms. Paint rooms white or with a light color paint to neutralize your space. Add skylights, windows, or French doors. 

• Revamp the exterior. Updated landscaping will draw in buyers before they even walk through the door. Keep your shrubs, trees, and grass trimmed and tidy. Add a splash of color with vibrant plants or by painting the front door an eye-catching color. Consider a focal point like a flagstone walkway or a water feature.  

• Upgrade energy efficiency. Install energy-efficient windows, insulation, and appliances. These upgrades not only reduce utility costs but also appeal to environmentally conscious buyers. 

• Improve flooring. Replace worn-out carpets with hardwood or engineered wood, which are highly sought after by buyers. Refinishing existing hardwood can also add significant value.