Remodeling Tips and Tricks to Increase Resale Value

Renovation and DIY project inspiration is at an all time high. With just a Pinterest board, a budget, and a little bit (or a lot) of elbow grease, you can significantly change your home and increase the resale value. Especially with the rise of the need for home offices, coveted outdoor spaces, and the want for more vintage charm, there is a lot you can do to make a space your own, and to increase its resale value.

At Edge Realty, we’ve seen so many different kinds of homes resell at higher prices because of the changes their previous owners made. You would be surprised at the power you hold in increasing your home’s value, and just how simple some of those choices can be.

When you sell your home with the help of Edge Reality, we can help you stage your home and generate curb appeal to ensure the highest price. For more information about our  selling process, visit our sellers page.

Remodeling Options, and How They Can Increase Your Home’s Resale Value

Opening Up a Floor Plan

Starting off with one of the simpler, yet expensive remodeling options, by opening up a floor plan you can do wonders for a home. Though you usually don’t want to knock down any walls by yourself, especially if you don’t have the right experience, making the choice to open up the floor plan can significantly increase your resale value.

Many home buyers have an open floor plan on their must-have list. You will want to hire the expertise of a contractor to help you with this process, which can cost you anywhere between $5,000 and $100,000 depending on the scale of the project. Simply knocking down a wall will not increase resale value if it is not done correctly. Reinforcing the structural integrity of your home is a must if you’re going to start rearranging the floor plan.

Depending on the style and age of your home, this type of project can cost you a lot of time and money, but can reward you with a big return in the end. 

Create a Home Office Space

Working from home is rising in popularity. Many people already work from home on certain days of the week, or all the time. Having a designated office space that is separated from the rest of the home is ideal for many home buyers. Studies show that having a designated home office space that is separated from the rest of the home improves productivity and reduces distractions.

You can add a home office into your already existing floor plan by converting an extra bedroom, or possibly a finished basement or attic. If you have the funds, adding an addition onto your home for an office will not only increase your square footage, but also significantly increase your resale value.

Add to Your Curb Appeal

One of the easiest ways to add to your home’s resale value is by adding to the curb appeal. This can be done by improving your landscaping, changing the color of your siding, adding a brick veneer, or changing your exterior doors and windows!

There are many other ways to add to your curb appeal that can be done on a budget, and by yourself. Adding a new mailbox and address numbers can do wonders, and they won’t hurt your wallet.

Drawing attention back to historic features of your home can also be a great way to boost your home’s value. If you have a Victorian era or craftsman style home, these types of houses have distinct features that make them desirable to buyers. By restoring original wood features, or by adding back in some character that may no longer be there, you’ll attract buyers’ eyes, and make back some money in resale value.

Bring Back Character Into Spaces

If you have an eye for design, go ahead and add some charm into your home! Paint, wallpaper, and tile can go a long way when adding to your home’s resale value. If you’re not the most creative, you can call in the help of an interior designer. Though it will cost more, an interior designer will know just the way to add some pizzazz to your spaces.

Installing different light fixtures, faucets, knobs, and light switch plates is an easy and cost effective way that you can spruce up your home yourself. Adding to the details of your home won’t go unnoticed when you put your house back on the market.

As stated earlier, if you have a historic home, or one with unique characteristics, use that to your advantage. A lot of home buyers will value unique homes over ones that look just like their neighbors. However, keep in mind that not every buyer will want a house painted a bright color, or full of patterns. Keep your palettes semi-neutral, add color where you can, but don’t go overboard. A buyer may turn away from a home that is hard on the eyes.

If You Have Outdoor Space, Spruce it up!

Usable outdoor space is on the top of many buyers’ must-have lists. If your home has outdoor space, but is in an urban area where outdoor space is minimal, use that to your advantage. Invest in the creation of a patio, and add in some landscaping. Not only will this be a great place for you to hang out while you still own the home, but you can expect a big return on your resale value.

If you’re on a budget, add in features like outdoor lights and pavers that you can lay yourself. Pull the weeds, lay out grass seed, water the lawn, and plant some flowers. Though it doesn’t seem like much, little touches like well-kept landscaping can increase your resale value.

If you’re ready to put your home back on the market, and are looking for other ways that can increase your resale value, contact us! A member of the Edge Realty team will be happy to help.