Thinking about selling your home? Then it’s time to replace the shag carpeting in the den. Better rip out those wood paneled walls and replace with drywall. Time to replace the linoleum floors in the bathroom and kitchen. And yeah, you might consider replacing that old garage door.
Why do you do this when you’re not going to be living there anymore? Obviously because you want to get the best resale value for your home. These improvements can substantially boost the equity of your property.
These kinds of improvements make the home more appealing to any potential buyer. If you are reselling your home, here are some home improvements you should make that will ensure an equitable sale and enhance your investment in your property.
Replace the Garage Door
If your garage door isn’t an asset to the selling of your home, it’s time to get a new one. The value of a home comes down to curb appeal — and your garage door is king. In fact, a new garage door has one of the highest returns on investments for all home improvements — 97%, practically money in the bank. Sure, the following fixer uppers to your home will also boost your property value, but replacing your garage door is priority number one.
And of course you don’t want to replace your garage door with any door. The higher the quality of door you’ll be able to install, the more substantial a boost in property value you’ll accrue. Consider a door with insulation. Considering wood is such a popular garage door material, it may be worth the extra expense.
Finish Your Basement
Turning your basement into a comfortable living space substantially boosts the livable square footage in a home. It also bumps your home into another price bracket — a win-win.
Consider Repainting
There’s nothing like a fresh coat of paint on both the exterior and interior of a home to give it a refreshed, vibrant look. This is especially true if the current paint job isn’t in the best condition. If you’ve got flaking or chips, repainting your home is well worth the investment. It will help you get the best value for your home.
Open Up Your Layout
Open floor plans are hot right now. If you can open your living room, kitchen and dining room by knocking out a wall or two, it can really breathe new life into a living space that makes it a more attractive buy.