What is one home upgrade that can help boost a home’s resale value? To help you upgrade your home to boost resale value, we asked business leaders and home-improvement experts this question for their best advice. From finished and functional appliances to smart thermostats, there are several improvements that may help you boost your home’s resale value.
Here are nine home upgrades that can help boost a home’s resale value:
- Finished And Functional Appliances
- Home Elevator
- Expanded Front Patio
- Curb Appeal
- Kitchen And Bath
- A Healthy Outdoor Space
- Think About First Impressions
- Smart Thermostat
- Match The Neighborhood
Finished And Functional Appliances
Fully functional appliances are a must to boost resale value. Addressing repairs on key appliances like a refrigerator, dishwasher, dryer, washer, and oven should absolutely be considered as part of the home upgrade process. A professional appliance repair technician should be considered to provide a quote and clear the way for upgrades to be made.
— Alex Belladorsi, Appliance Technician
On top of the practical convenience that installing a home elevator can have, the value of a home can benefit as well. In fact, getting a home elevator installed may increase the property value of a home by 10% or more. Some home buyers need seamless travel between floors for accessibility or other reasons, and a home elevator can help check that box for prospective buyers.
—Brett Torfin, Arrow Lift
Expanded Front Patio
This past summer, we extended our front patio size so that kids can run around while the parents take a moment to chill. It’s amazing how laying some concrete can help boost a home’s resale value. The first thing a home buyer sees and experiences is a front patio. If Malcolm Gladwell’s Blink theory is true, and people make decisions within the blink of an eye, then investing in a front patio not only can attract buyer interest, but it will also make the home a little more enjoyable as well.
— Brett Farmiloe, Markitors
Boosting your home’s resale value can be quite simple. Start with curb appeal. Does your house need a fresh coat of paint? Is the landscaping fresh and friendly? If the outside is appealing, decide to update old lights, outlet covers, and faucets; of course, make sure your walls show a fresh light color. An inviting backyard is another quick change that could boost the resell value; perhaps add a portable fireplace?
— Sonja Talley, CORE HR Solutions, LLC
Kitchen And Bath
Upgrades to kitchens and baths will help your home appeal to today’s buyers and deliver maximum value. If you can’t afford a redo of your entire kitchen or bath, think in terms of a refresh. Reface and possibly paint cabinets, upgrade hardware, and install drawers or pull-outs to make everything easily accessible. Replace existing laminate or granite countertops with low maintenance quartz and a nice tile backsplash. Can you install a kitchen island, or make your existing island larger or more workable, like adding seating? Upgrade faucets and consider installing a reverse osmosis water system. Freshen up with new accessories and linens, and your kitchen and bath will look new and be ready to get you top dollar when it’s time to sell.
— Colleen McManus, Senior HR Executive and Consultant
A Healthy Outdoor Space
One thing that people learned from being at home—more than at any other point during their lives—is how to enjoy and appreciate their own personal spaces. Therefore, creating an outdoor refuge can not only up the value of your home, but it can decrease stress, anxiety and give you a place to unwind after a long day. Whether it’s a brick patio, a deck, or an entire outdoor living area, consider this a place to do your morning yoga on nice days or even host your Zoom calls. The possibilities are endless, as well as the impact that it can have on the value of your home.
— Travis Killian, Everlasting Comfort
Think About First Impressions
Selling a home is as much about the hard facts such as location, size, and property as it is about the first impression during the viewing. When everything seems right, but you see a dying green area or old rug which is way past its best days while walking in, it won’t take your mind to the right spot. Fix the outside areas up to a presentable state and look especially at the outside area—this is the first impression your home will make. A little bonus tip: As a homeowner, you often get “blind” to these issues. Asking a friend to point you in the direction can do wonders.
— Edward Briggs, Home Reviews
Energy-efficient appliances such as smart thermostats have emerged as one of the most valuable technologies and are also considered to be among the three-most wanted technologies in houses, according to the National Association of Home Builders (NAHB) survey. A smart thermostat facilitates you to adjust your home’s energy consumption according to the latest electricity prices, which would help you operate economically. It ranges from $150 to $400, excluding the installation cost. However, it’s always worth installing this smart thermostat, and it often catches the attention of buyers.
— Raaquib Pathan, FastPath Home Buyers
Match The Neighborhood
Any upgrade will boost a home’s value if it matches neighborhood standards. While you don’t want to have the most deluxe home in the neighborhood, you certainly want to be at least average when it comes time to sell. If 70% of the homes in your area have granite counters, replacing that chipped laminate counter will more than pay off!
— Joni Holderman, Thrive! Resumes