The resale value of your home depends on many factors – the current market trends, the neighborhood quality and reputation, the home size, its age and condition, and more.
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While most of these factors are entirely out of your hands, there are a few things you can do to better appeal to buyers and increase your home’s resale value, even in the midst of the pandemic.
Interior design plays a critical role in determining just how much your home is worth. It can help you bargain for a higher price, attract more buyers, and can even get you more money on a reverse mortgage as your home’s appraised value is the primary component when considering the overall benefit you may receive from various lending programs.
So, take a look at a few interior design tips and tricks that will completely transform your home.
Kitchen Remodel Is a Must
The first thing that every buyer wants to see is the kitchen. Whether they’re professional chefs, stay-at-home parents, or have pizza delivery services on speed dial, the buyers want a clean, stylish kitchen and are willing to pay more to get it. On average, a kitchen remodel can increase the value of your home by 19%.
Now, remodeling the whole kitchen can be a hefty, time-consuming investment, and it’s not always worth it when you’re trying to sell your home. So, you might want to focus on minor improvements. Have the cabinet faces repainted, update the sink and faucet, and install new light fixtures. You don’t have to replace the entire kitchen to get the best bang for your buck.
A Great Bathroom Pays off
The next thing on your list should be a bathroom remodel. A mid-range bathroom renovation brings an average ROI of about 70.1%, making it a worthwhile investment.
Again, it’s not necessary to update every square inch of your bathroom. All you have to do is replace a few minor elements to have your bathroom appear more luxurious, and therefore more appealing to buyers.
A few practical accessories like a spacious cabinet, soft close toilet seats, and shiny new faucets and countertops are more than enough to increase the resale value of your home.
A Fresh Coat of Paint Breathes New Life into Your Home
The simplest, most affordable, and most effective interior design tip for improving your home’s resale value is adding a new coat of paint to the walls. It works wonders for improving the overall appearance of your home and making every room pop. If possible, repainting the exterior can also boost your home’s curb appeal.
It’s in your best interest to avoid bright, bold colors as they could negatively impact potential home buyers – you never know their styles and preferences. Stay on the safe side, and use soft neutrals that have a more general appeal.
Renovate Old Flooring
Homebuyers fear nothing more than damaged flooring. Buying a new home is a significant investment already, and few people are looking for a fixer-upper. Chances are, your buyers wouldn’t want to get a home that requires a lot of extra work. If they do, they’ll demand a serious price reduction. So, make sure to fix any floor damages if you want to improve your home’s resale value!
You might want to consider having your carpets professionally cleaned for some extra flair and luxuriousness or placing a few area rugs that catch the eye.
Open up the Space
Spacious homes with open floor plans are by far the most popular layouts, especially now during the pandemic when families spend much more time together. Buyers want large common areas, big living rooms, and plenty of space.
Of course, you can’t always provide such a home without a complete reconstruction, but you can still create the illusion of space. Think vertically and install floating shelves that offer storage solutions without taking up floor space. Declutter and remove all unnecessary distractions. Make the room feel larger by removing some furniture or selecting smaller couches or foldable tables.
A Bit of New Tech Goes a Long Way
Smart homes are becoming increasingly popular, but you don’t have to invest thousands of dollars into making your home ultra-modern. Just a few tech upgrades can go a long way and work wonders for attracting buyers.
A simple thing like upgrading the lighting and adding a few strategic LED bulbs can make your home feel a bit more contemporary. Go a step further and install USB outlet plugs. Create a cozy home office with a dedicated space for tablets, laptops, and monitors that will attract many of today’s remote workers.
Increasing the resale value of your home doesn’t always require hefty investments. Just a few tweaks to the kitchen and bathroom, a fresh coat of paint, and a few USB outlet plugs can truly work wonders and help you get a fair price.
Yunas Chaudhry is a super-connector with AYC Web Solutions who helps businesses find their audience online through outreach, partnerships, Photography, branding and networking. He frequently writes about the latest advancements in digital marketing and focuses his efforts on developing customized blogger outreach plans depending on the industry stainless steel tongue scraper and competition.