Everyone is concerned about re-sale value when it comes to their homes...and the investment they're making. Home prices and going up, people are making more money, they're not planning to stay anywhere for very long and see opportunities for better investments. So any type of update discussion is usually followed with an "added value?" discussion. So today we're going to tell you where to put your money in your home. We'll discuss what things will add value and why. So next time you're thinking of doing something to your house, you can refer to this list and see if the update you were considering makes it. :)
We're just going to start with, Bathrooms and Kitchens sell homes. That's like page one of "resale for dummies". But we can't stress enough how true this is. You may not have the newest furniture in your family room or bedroom and that neutral on the wall may be from 2014, but for goodness sake, give your kitchens and bathrooms a little extra love if you're trying to sell. And if you're considering what room to update, do one of these! Both kitchen and bathroom updates are a huge inconvenience but they'll be worth it in the long run if you're looking to sell in the future. Our tip--go classic. A white kitchen is always going to work and the light and bright bathroom is always going to sell so think about that when you're making finish selections.
Beyond those two big rooms, closets are extremely important when it comes to resale. Now, we're going to be honest, a closet is important for function more than it is for looks. Obviously, we're not saying it should be cheap and ugly but hold a lot of stuff, but we're also not saying it has to be the most expensive closet system on the market. A well functioning closet can easily be achieved by using IKEA closets or even the Martha Stewart closet systems available at home depot. Something like this is especially nice for the secondary rooms. For the master, we'd recommend stepping it up a notch but we're ok if the rest of the closets are second tier. Whatever you do, though, be sure the closet appears open and functional where all items are easily accessible.
Now, if you're thinking of resale without any re-design in mind, here are a few tips for refreshing your home that will also help with resale.
Paint! Paint! Paint!
Oh yeah, did we mention paint? Now, if you've already got a good neutral on the walls, this might not be necessary, however, we're guessing you still probably need a little touch up. So make sure the walls look fresh...and make sure the baseboards look fresher! If you're going to do anything, paint the baseboards and trim. Trust us when we say it'll make a world of difference!
Declutter and rearrange. The goal for selling a home is to make the space look bigger. People need to be able to envision their furniture in the space and it's hard to do with a bunch of your stuff cluttering up their view. So pair down a little and leave a little more open space than you're used to.
We hope this helps! The housing market is changing drastically so good luck if you're looking to sell!