Investing in Your Home Sale: Updates and Improvements that Pay Off

Are you planning on selling your home at some point in the near future? If so, you may be one of the many homeowners who are considering making some improvements before listing your property so that you can get top dollar for it when you sell.

There are certain home improvements that can increase the value of your home substantially and help you bring in big offers from homebuyers – and they’re not necessarily the home improvements that might come to mind right away. Even if you’re not thinking about selling your home right now, you might still want to consider doing these home improvements so that if you ever do decide to put it up for sale, you will already have certain updates done to your home. Let’s look at some of the best home improvements to make that offer the highest return on investment.

Adding fiberglass insulation to your attic

Installing New InsulationRipping out the old insulation in your attic and adding new fiberglass insulation definitely doesn’t sound like the most exciting home improvement, but according to a report released by Remodeling magazine last year, it’s the home improvement that will reap the biggest benefit. On average, Remodeling reported that home sellers recouped about 117 percent of the money they spent on attic insulation when selling their homes. Buyers want a home that is insulated well, and they don’t necessarily want to have to install new insulation themselves, so they will pay top dollar for an home with an attic that has been reinsulated recently.

Installing a new garage door

A high-quality garage door could cost you well over $1,500, if not more. While that’s a steep price tag, when you spend that money on your garage, it will improve your home’s curb appeal dramatically. Remodeling also reports that garage doors are another investment with a high return, with average homeowners reporting they can recoup about 92 percent of the cost of the door when selling a home. Again, you might not think that a new garage door is all that exciting, but homebuyers will appreciate the way it makes your home look and feel.

Upgrading the front door of your house

If you’re going to add a new garage door to your home, why not add a new front door, too? Outside of the fact that it will make the doors on the front of your home match, it will also allow you to recoup about 91 percent of the money that you spend on it, according to Remodeling. A nice new steel front door will make your home substantially safer and offer the protection homebuyers are looking for in a home.

There are a lot of home sellers who automatically think “I need to upgrade my kitchen and bathroom!” when they go to sell their home. And while it’s not a bad idea to do those things if your kitchen and bathroom are extremely outdated, you’re not going to get the kind of ROI on those projects that you will with the others listed here. Best of all, unlike major room overhauls that can cost thousands of dollars, these improvements are much more affordable and offer a great way to spend a little to make a lot.

If you are ready to sell your home, Phillips Real Estate can help you do it. Let us do the research to price your home accordingly and get it in front of interested buyers. We can also work with you as you decide on home improvements to help increase your property value or curb appeal right away. Call us at 405-368-9409 today to get started.