The Best Home Upgrades to Increase Equity

Written by Posted On Thursday, 17 December 2015 23:14

Whether you’re looking to sell your home or want to increase the amount of equity you have, there are certain upgrades you should make that are smarter than others. Some people think that any upgrade will help boost the attractiveness or equity, but that’s not always the case. Instead, it’s important that you make the smart upgrade and enhancements that will help you to either sell quickly for top dollar or have the most money available in equity. Check out the following projects that make the top of the list.

Curb Appeal

If you’re looking to sell your home, curb appeal is one of the first things you should focus on. Potential buyers will often drive past a house before initiating a walk-through, so if they don’t like the way your house looks from the outside, you can guarantee they won’t go inside. Take some time to plant some flowers, remove weeds and overgrown bushes, and either wash or repaint your home. Fix any major issues too, such as a broken step, as this will also help.

Major Home Necessities

There are certain things that potential buyers are more interested in than others. While some people think that creating a new bathroom renovation will sell a home, buyers are actually more interested in the things you can’t see, such as the roof, furnace, and water heater. If these items are outdated, be sure to contact a professional to install a new roof, replace or repair the furnace or AC, and/or replace or repair the water heater. With these major home necessities at the top of their game, you can rest assured that people will be more willing to buy.

Wiring/Plumbing

Like water heaters and roofs, having electricity, water, and gas that is up to code is also extremely important. Make sure you have a professional inspect your home for any outdated or underlying issues, and have them replaced. If your home can easily pass an inspection, it will make it that much more attractive to buyers.

Kitchens and Baths

The kitchen and bathrooms in homes are those that tend to sell. If you have a small renovation budget, use it on these areas, as they provide the most return on investment. You don’t have to make a full-blown upgrade either—just make it enough that people will consider it more modern or more neutral than what you have. Painting cabinets and replacing floors and countertops can go a long way for a little amount of money.

Normal Fixes

While you want to make your home stand out from the rest on the market, going overboard can often backfire. Basically, you want to make sure that you’re smart with what you do to your home. If you opt for something truly unique and customized to your own tastes and preferences, chances are it’s not going to help your home sell or increase the resale value. Instead, opt for those items that are known to work, and you’ll find yourself selling in no time.

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Bethany Mairinger

My name is Bethany a blogger and independent freelance journalist. Working as an independent media consultant since 2009. I've contributed a lot of news articles, ideas, inventions and more on various online weblogs.

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