Did you just buy the perfect fixer upper? Maybe it’s not a fixer upper but the bathroom needs a nice refresh? We take on home improvement projects all the time, whether it’s on our own or with a contractor. Something to keep in mind during this process is the resale value of your home.
Last year, I watched a home with floor to ceiling red lacquer kitchen cabinets sit on the market for 3 months and sell for about $50k less than it should have. For those of you that aren’t familiar with DC real estate, 3 months might as well be 3 years. Those cabinets were cool but they were so taste specific that many buyers wouldn’t consider the property. Who wants to re-renovate a kitchen that is brand new? Not me.
I tell you this not to influence you to make your house into a cookie cutter spec home. Your home should fit your style and personality. I tell you this for you to keep your home’s resale value in mind during major projects. What improvements can you make to increase the value of your home, not diminish it?
My mother and I had a in depth conversation about this topic when they decided to undergo a major home renovation two years ago. They were planing to stay another 5+ years in the house, so they wanted the renovation to be done to their taste but they also knew they might want to sell and downsize in the near distant future. The end result was a beautiful renovation, done to their taste but with a future buyer in mind.
Here are some tips to keep in mind when designing for resale:
Plan your remodel and have a budget! Start slowly and take on one project or room at a time.
Design with open concept in mind. Stay away from anything choppy when you are creating a new layout. Buyers desire an open floor plan.
Image via Vintage South Developers
Image via Liz Marie
Get the most bang for your buck. Kitchen and bathroom renovations have the best return on investment.
Image via Higham Furniture
Image via The Zhush
When picking out granite and fixtures, stick with a neutral and fixtures that look (or are) high end.
Image via Centophobe
Image via The Ivory Lane
Image via Decor Pad
Get your pop of color from paint and furnishings. You can always repaint to a buyer neutral when it comes time to sell!
Image via Better Homes and Gardens
Image via Homebunch
Get rid of that popcorn ceiling! Replacing or removing anything that will turn buyers away will always add value to your home.
Image via Today’s Homeowner
Get organized! Adding organization to your home will help make the home appear cleaner and larger.
Image via Organize sem Frescuras
Image via Refinery 29
Curb appeal! Spend money on low-maintenance landscape. Buyers will judge your home before they walk in the door.
Image via: Homedit