Spring has sprung and houses are back on the market for a hot selling season! If your home is up for sale this year, you probably have a running list of the small improvements you need to make in order to increase your home’s value. To get the most value out of your home improvements, consider one or more of these updates:
Adding an attic bedroom is one of the best home improvement projects you can do to increase your home’s value. Although this remodel can be expensive, you can expect to recoup almost 73 percent of the cost of adding the attic bedroom when you sell the home.
Add a Bathroom
According to the National Association of Home Builders, the addition of a half bathroom can add up to 10.5 percent to a home’s value. A full bathroom can add 20 percent! If it is not possible to add a bathroom, think about giving your current bathrooms an update with fresh paint, new fixtures and new flooring.
Before you make any cosmetic improvements, make all needed repairs or replacements to the home’s plumbing, heating, electrical and sewer systems. Prospective buyers will offer less or pass on your home completely if they know they will need to replace these basic systems in the near future.
While most new homes offer a lot of storage, older homes tend to lack options like coat closets. If you don’t have the space to expand or build new closets, consider redesigning the spaces you do have to offer more storage options.