Before starting a home renovation, homeowners should think about how it will affect their property’s value. Some trends might seem like a good idea for boosting value, but they can actually end up hurting the sale price. It’s tricky to know which projects will maintain value in the long run, but the accompanying guide can help homeowners make smart choices.
One tip is to focus on big projects if increasing resale value is the goal. Potential buyers are more likely to notice major renovations rather than small changes. For instance, a new garage door will catch more attention than freshly painted railings. However, smaller improvements like new paint in bedrooms and bathrooms can still make a big impact by reducing the work buyers need to do after purchasing.
If major renovations are already done, it’s important to ensure the home’s essential functions are in top shape. Buyers prefer homes with reliable plumbing and utilities over those with issues in these areas.
Outdoor renovations are also popular among buyers, as they provide extra space for socializing and relaxation. Projects like building decks, landscaping, and updating patios can increase resale value by making the outdoor area more appealing.
To help plan the best renovations, homeowners can refer to an accompanying infographic for more guidance.
Property Payoff: Tips To Increase Resale Value provided by Synergy Builders, your first choice for a home remodeling contractor
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