Are You Considering Selling Your House? Consider Renovations First
If you are thinking about selling your home, first consider renovating for profit. We know that many homeowners may avoid home renovations for various reasons, like budget or lack of time. However, keeping up with trends and home improvements can increase resale value.
Whether you are selling a starter home, or have decided to downsize, you want the best price out of your home. Houses with dated windows, old siding, and bad roofs don’t get great prices. You may be sorely disappointed when hearing your home’s value before renovations.
This month we’re going to cover why renovating for profit is so important and, honestly, very easy. We recommend finding a professional to make these improvements for the best results.
Not All Home Renovations Will Increase Resale Value
Before we begin, it’s important to note that not all renovations will increase your home’s resale value. Investopedia breaks down the four types of renovations as:
Basic. Basic renovations, as the name suggests, are small, basic changes to the home. This could be a functional roof or retaining walls, or new flooring.
Value-added. These renovations add value to the home. Value-added renovations can include new kitchens, bathrooms, decks, new windows, and more.
Curb appeal. Your home’s curb appeal is what will first attract buyers. New siding, an updated deck, and clean concrete or asphalt will help to draw others in. Having nice landscaping can help, too.
Personal. Personal renovations are things that you may want or have wanted in the past, like a swimming pool. These may or may not affect the buyer’s mind when purchasing or negotiating a price.
Now that you have some ideas on the types of renovations, we’ll explore some common improvements for increased profit.
Considering Adding New Siding or a New Roof
As mentioned above, some of the more basic or general renovations are to have a working roof and functional siding. You know that your roof is important to your home, but did you know that the siding is just as critical? Siding keeps out moisture and pests. Holes and cracks in the siding can cause damage to the rafters and bring in pest issues or mold. Having new siding will also help to enhance curb appeal and bring in potential buyers.
You may wonder why a brand new roof falls under a more “basic” renovation. The Investopedia article above explains that new buyers will automatically assume the home they are buying has a functional roof. Roofs with leaks or damage may drop your resale value, but it isn’t something that will cause the new price to skyrocket, either.
Kitchen and Bathroom Renovations Can Bring in Profit
One major way to being renovating for profit is to plan out a kitchen and bathroom remodel. New, efficient appliances, more space, and lighter features can help to brighten the rooms and make them look more modern. Be careful using bright colors like pinks, blues, purples, and others as they can be off-putting. Sticking to neutrals when renovating for profit is your best bet. You may also consider a small accent wall or backsplash to add a pop of color or a fun pattern. Shower tile is also a spot to express some creative freedoms. You may want to do research beforehand to find any trendy or popular styles.
Keep in mind that the wet rooms are some of the most used rooms in a home. Whether you are flipping a house or renovating a family home, the space should be user-friendly and comfortable.
Upgrade Doors and Windows for Efficiency and Better Profit
Another tried-and-true way to raise your resale value is to add new windows and doors. Old windows can be drafty, causing a decrease in efficiency. This makes your HVAC units run harder, increasing costs. Old windows may also let moisture and pests in, along with compromising safety. Old doors can do the same.
If you are looking to get more money out of your home, consider swapping for new windows and doors. Not only will the home be more efficient, but the windows and doors will look sleek and modern. There’s nothing worse than old windows with cracks or chipped paint putting a damper on a newly renovated space. Let the contractors of Southern VA Construction upgrade your windows and doors at an affordable rate.
Choose Southern VA Construction When Renovating for Profit
Have you decided to sell your home or commercial property in the Glade Hill, VA, area? One of the best ways to renovate your space for a bigger profit is to choose a professional. Make your first call to Southern VA Construction. We have years of experience handling home renovations and commercial projects. From finished basements to additions and more, our contractors will get the job done right.
Starting a home renovation project may sound scary, but it doesn’t need to be. Learning the ropes and understanding the best parts of the home to renovation will get you the price it deserves. Let Southern VA Construction transform your home and increase resale value.
Is it time to start new home improvement projects? Southern VA Construction in Glade Hill is here to help. Call us at (540) 576-3846 or follow us on Facebook for updates. Let our contractors teach you more about renovating for profit.
