Homeowners are increasingly taking on home projects themselves to increase their home’s resale value. As a result, they save money while preparing to sell the property. By making a few improvements to your home, your property can have a higher potential to sell for more money. To help get you started, below are 6 DIY projects that can help boost your home’s resale value.
1. Fix Damaged Flooring
Installing new flooring can increase the value of your home, but you may be able to spruce it up yourself first. Updating the grout in your bathrooms can make old floors look new again. Remove any carpet stains and scratches on hardwood floors. If the flooring is not salvageable, you may need to replace it completely. While hardwood or laminate flooring costs more than carpet, buyers may be turned off by homes with an abundance of carpet flooring. Consider installing hard flooring since it is much easier to clean and does not stain as easily as carpet.
2. Invest in a Minor Kitchen Remodel
Kitchens are a major selling point for any home. While kitchen remodels can get expensive, you can make a few small changes without having to redo the whole room to increase your home’s value. Refinishing cabinets and installing modern tile backsplash are fairly simple projects you can complete yourself. Add new light fixtures that liven up the room and complement the décor. Upgrading major appliances like the refrigerator, dishwasher, or oven attracts more buyers and can increase the overall value of your home.
3. Clean Up the Exterior
As you are sprucing up the interior, it’s important that you don’t neglect the exterior of your home. A little bit of landscaping can go a long way. Remove any weeds and keep your lawn well-kept to avoid any bald spots. Painting the front door, adding plants, or upgrading outdoor light fixtures are simple changes that can quickly give your home a fresh new look. A good power wash is a cost-effective alternative to painting the entire exterior of your home. Taking care of your yard and exterior of your home increases curb appeal and makes a good first impression on buyers.
4. Add a Fresh Coat of Paint
Scratches, scuffs, and holes in the walls are very noticeable imperfections that buyers take note of when browsing potential new homes. A new coat of paint easily covers marks on the wall and quickly brightens up a space. Remember to repair any nail holes before painting. Be sure to use neutral paint colors as bold color choices can turn off many potential buyers. White, cream, greys, and blues are safe for resale paint choices.
5. Improve Energy Efficiency
Homes with energy-efficient upgrades can sell faster and for more money. The easiest improvement you can make is to replace ordinary lightbulbs with LED lightbulbs. Seal any leaks in the windows or invest in energy-efficient windows. Smart thermostats are another great way to help regulate your energy usage effectively. Homes with these features will attract eco-conscious buyers looking to save money on heating, lighting, and cooling their new home.
6. Finish the Basement
Potential buyers see unfinished basements as a project in which they’ll have to invest even more time and money after buying the home. Finishing the basement boosts resale value by increasing the number of rooms and square footage of your home. Create a versatile space that buyers can easily personalize.
As you renovate your home to improve the resale value, you can have peace of mind knowing your Long Island homeowner’s insurance can help cover any damages in the event of a disaster. However, remember that adding particular renovations may require reevaluation from your insurance to increase coverage.