Some renovations can increase your home’s value significantly, and others not so much. Some renovations can actually decrease your home’s value or force you to lower your asking price. So if you’re getting your house ready to sell, you want to make only those improvements that add value and avoid those that simply cost you money. The bigger benefit may be in creating a more appealing property, resulting in selling your home faster than competing homes. So here are the picks for the best renovations to either add value or decrease time on the market before selling your Toledo house.
Garage Door Replacement
Of all the renovations to do before selling your Toledo house, replacing your garage door may offer the best bang for the buck. In fact, according to experts, a new, “good-looking garage door tops the list when it comes to getting cash back when you decide to sell your house.” It will go a long way toward enhancing curb appeal and “will get you back almost every dollar you spent on it when you sell.”
If you have a yard big enough to aesthetically accommodate it, adding a wood deck can also be a smart move. It will appeal to buyers as an enhancement of their outdoor living experience at your house. And if the neighboring homes don’t have decks, it can make yours stand apart.
Reasonable Kitchen Upgrade
A kitchen is the heart of a home and is, typically, the most important room for buyers. So a kitchen renovation or upgrade can be among the best renovations to add value before selling your Toledo house – if it is reasonable and not overly impressive. Remodeling pros maintain that you “can expect to recoup 60%-120% of your investment on a kitchen remodel, as long as you don’t go overboard. You should never make your kitchen fancier than the rest of the house, or the neighborhood.”
The consensus among those in the know is that the size, style, and quality of your kitchen must fit with the rest of your house. An extravagant kitchen renovation, then, may actually push buyers away. “If you plan to sell . . . keep potential buyers in mind before you start on any major remodel; many people won’t pay for a fancy, deluxe kitchen.
Installing Energy-Efficient Windows
Today, energy efficiency is important to homebuyers, especially in the area we live in where it gets rather cold in the winter. It may not be top of mind, but it’s an important consideration for them nonetheless. And this means that replacing old windows with energy-efficient windows is one of the best renovations to add value before selling your Toledo house.
According to the experts, the benefits include:
- Savings of up to $500 a year on heating and cooling costs
- Ability to recoup 60% t0 90% of your installation costs
- Availability of a green energy tax credit of 10% for this upgrade
- Potential for additional state or utility-company credits
Adding Energy-Efficient Insulation
As with energy-efficient windows, adding energy-efficient insulation will also appeal to buyers and so is among the renovations to add value before selling your Toledo house. This is especially true of older houses that have little or no insulation and are hard to heat and cool.
Adding insulation in the attic is, of course, the first step, but there’s more you can do. In particular, you should seal up any cracks or places where you detect drafts or cold spots, including:
- Around windows and doors
- Around electrical outlets and switches
- Around the attic-access hatch
- In recessed lighting
- In the basement
- Around ductwork and wiring entering/exiting the house
This doesn’t cost much and can be a strong selling point.
Consult Your Agent
The trick is to concentrate on those improvements that most appeal to buyers and promise the best return on investment. It might be a good idea, then, to consult your agent about the best renovations to add value before selling your Toledo house. Things can vary widely within our local market. Find out how I can assist you.