Looking for a buyer is not the only concern that every homeowner has. If you are planning to sell your house, you are also looking at other ways to get the sale price higher.
Remodeling is a great way to make the sale price of your higher, but it is also a good way to attract buyers and make your house more enticing. If you made the right renovation, you might even get cash offers for your house.
Before you call in a contractor to get an estimate, you should know the places in your house that you can renovate to improve its selling price.
1. Improve the Landscape
Landscaping is a way to improve the aesthetics of your house and it is a great way to attract buyers, but you should never go over the top when it comes to this. You should only make small improvements in your landscape and make sure that you don’t overspend.
You can fix the grass and add some plants around the house, but make sure that you only buy drought-tolerant plants. They are low-maintenance plants and they don’t require constant watering.
Although the landscape outside your house won’t add too much on the selling price, it would make your house more attractive and more buyers would check it out.
2. Repaint the Interior and Exterior of the House
Painting the interior and exterior of your house is one of the most basic remodeling tips that you need to consider to get a higher sale price. It also considered as the least expensive remodeling option with the highest return on investment (ROI).
According to a HomeGain 2012 Top DIY Home improvements for Seller survey, you can get a 107 percent return on investment for interior, and painting the exterior would give you a 55 percent ROI.
On average, painting your interiors would cost about $1,000 or less, but it can offer a $2,000 increase in value. Painting your exterior would cost around $1,400 and your house would increase in value by more than $2,100.
Repainting is very simple and if you hire a professional to do it for you, it will make your house look brand new no matter how old it is. If you plan to sell your house, don’t forget to repaint the interior and exterior as it will not only improve the selling price but also attract potential buyers.
3. Refresh the Cabinets Instead of Replacing them
If the cabinets in your house are still in good shape, you don’t have to replace them because they are very expensive. The return on investment is pretty high, but the cost of replacing them will probably take all the profit that you hope to gain.
You can reface or repaint your cabinets and just repair the damages. It is a better option than a complete replacement. However, if the cabinets are beyond saving, you don’t have a choice but to replace them completely. You don’t want the buyers to see cabinets that are starting to fall apart.
4. Update the Lighting
One of the most cost-effective ways to get a higher sale price for your house is to update the lighting. It is better to use LED lighting as it can boost the value of your house by one to three percent. Don’t underestimate this increase because if your property is being sold for $100,000, it would increase by $1,000 to $3,000. That is a huge amount.
LED lighting can last for about 23 years so it means that you won’t have to replace it anytime soon. It won’t use too much energy so you can save money from this. Buyers know about this and the agents will notice it as well so changing the lighting in your house can already boost its selling price.
These are only the basic remodeling tips that you can do and they are also the cheapest and the easiest to do. As a matter of fact, most homeowners would do all of the tips mentioned above before they sell their properties.
Before you start remodeling your house, make sure that you hire a professional to help you with the decision-making. They will tell you if a specific renovation can help you improve the value of your house or not.