When you put your home on the market, you’re naturally concerned about which additional or upgraded features ensure a quicker sale. Home sellers are often hesitant to tackle remodeling projects, because some don’t offer a good return on investment, but certain features may actually help sell you faster, and sometimes for a higher price. If you’re selling in a buyer’s market or need to sell your old house quickly in order to buy a new one, a quick sale can be vital.
To get the most out of remodeling, don’t pour a ton of money into extravagant or trendy updates that only appeal to a small segment of homebuyers. Instead, stick to updates that appeal to the widest audience and concentrate on features that already have maintenance issues that might turn off prospective buyers or look unfavorable on a home inspection report.
From a home inspector’s point of view, the roof is a vital feature that not only catches their eye but also a potential homebuyers attention. Installing a new roof is a big investment, but it can cut cooling costs, improve curb appeal, increase the resale value and sell your home faster.
Many premium roofing materials also come with extended warranties, some as long as 50 years. That’s definitely going to spark a home buyer’s interest. Best of all, a new roof can help avoid home inspection and appraisal issues that could stop a home sale dead in its tracks.
Energy Efficient Features
Going green is almost always worth the investment. Energy efficient features are a huge selling point that often increases a home’s value. Plus, savvy home shoppers are easily swayed by a house with the potential for cheaper utility bills. Energy efficient upgrades can run the gamut from installing small, inexpensive features like programmable thermostats to larger features like energy efficient windows, appliances or heat and air system.
Best of all, many states offer tax credits, loans, and grants for green home updates, which helps cover the expense of larger upgrades.
Make Kitchens Cook
The kitchen is often the key to selling your home and upgrading a kitchen offers one of the biggest returns on investment. Tackle low-cost cosmetic updates and change out outdated appliances or poorly functioning appliances that might get flagged on a home inspection. New appliances are one area where you can quickly spend too much money, especially since stainless steel appliances are a popular, but pricey feature. Instead, concentrate on less expensive models with Energy Star ratings.
Use the money you save on appliances to upgrade other kitchen features like flooring, countertops, and cabinetry. Bathroom upgrades can also increase your home’s value with a moderate investment.
Do your research. Features that make homes sell faster in one part of the country, may not appeal to homebuyers in other parts. Also, don’t dwell on features out of your control, like the location. While families are drawn to homes near quality schools, you can’t move your house. Concentrate on features you can change, paying special attention to key features that often fail inspection. Upgrading your plumbing and electrical might not be glamorous, but these features get noticed by both home inspectors and buyers.
And don’t forget, once you are ready to put your home on the market, be sure to get a Move In Ready Seller Inspection. This inspection will allow you to know what issues there might be so you can be sure to take care of them before you get a ready, wil