Look first at the top 9 home updates when you’re considering selling. Investing in renovation projects to boost its resale value can be tempting. But not all updates are created equal.
Some projects yield great returns, while others might turn off buyers or drain your wallet with little benefit.
As an experienced real estate agent, I’ve seen it all! Let’s explore the top 10 updates to increase home value and the updates that could hurt your chances of a quick sale.
The Best Updates to Increase Your Home’s Value
1. Refresh Your Kitchen (Not an Overhaul!)
Buyers love an updated kitchen, but the key is to keep it practical. Instead of gutting everything, focus on small, impactful changes: energy-efficient appliances, sleek countertops, and a neutral backsplash.
Storytime: A client once spent $50,000 turning her kitchen into a chef’s paradise. The catch? The home was in a mid-tier neighborhood, and buyers weren’t looking for a gourmet experience. It would have been a better return if she had done a more modest $10,000 update.
ROI: 60-80%
2. Upgrade Your Bathroom
A modern bathroom can be a real game-changer. Buyers love walk-in showers, dual sinks, and updated lighting. Think spa-like vibes without the spa-like price tag.
Quick Tip: If you’re working with a tight budget, start with small changes, such as new fixtures and a fresh coat of paint.
ROI: 55-70%
3. Boost Curb Appeal
First impressions matter. Landscaping, a fresh coat of exterior paint, or a new front door can set the tone for your home.
Anecdote: One seller I worked with swapped their outdated front door for a dark red one and added potted plants to their porch. You have seven seconds to make a first impression!
ROI: 80-100%
4. Energy-Efficient Windows
If the seals are broken on your existing thermal windows, it’s best to get a pro to give you a price for replacing this part of your windows. It quickly eliminates buyer concerns.
Replacing old, drafty windows with energy-efficient ones cuts utility costs and appeals to eco-conscious buyers.
Pro Tip: Look for windows with a high Energy Star rating to maximize savings and appeal.
ROI: 65-75%
5. Create an Open-Concept Layout
Buyers love spaces that feel light, airy, and connected. Knocking down a non-structural wall to merge the kitchen and living room can make your home feel larger and more inviting.
ROI: High buyer appeal, especially in modern markets.
6. Upgrade Your Floors
Old, worn-out carpets can drag down your home’s perceived value. Consider replacing them with hardwood or luxury vinyl, which are both durable and stylish.
ROI: 70-80%
7. Add Smart Home Features
Today’s buyers love tech! Smart thermostats, lighting systems, and security cameras make life easier and make your home feel more up-to-date.
Quick Fix: Smart devices are often inexpensive to install and add a wow factor during showings.
ROI: 40-60%, plus extra marketability.
8. Build Outdoor Living Spaces
Decks, patios, and outdoor kitchens are all the rage. Buyers love spaces that extend their living area outdoors.
Anecdote: I once showed a home with a cozy fire pit area in the backyard. It became the deciding factor for the buyer, who said they could picture family nights roasting marshmallows.
ROI: 55-75%
9. Replace Your Garage Door
This small change packs a big punch. A sleek, modern garage door enhances curb appeal instantly.
ROI: Up to 98%
Updates That Can Hurt Your Resale Value
1. Overly Personalized Decor
While you might adore your bright purple living room, buyers want to see a blank slate. Stick to neutral tones to help buyers envision their own style.
Quick Tip: A gallon of paint is one of the cheapest updates you can make!
2. Overbuilding for Your Neighborhood
Installing a $20,000 chandelier or a luxury home theater might sound impressive, but you won’t get your money back if your neighborhood doesn’t support those upgrades.
Anecdote: I once showed a home with an extravagant wine cellar in a family-friendly suburb. Buyers were puzzled, not impressed.
3. Poorly Done DIY Projects
Buyers notice when work hasn’t been done professionally. Crooked tiles or uneven flooring are red flags.
Pro Tip: If you’re not confident in your skills, hire a professional to avoid costly mistakes.
4. Converting Rooms
Turning a bedroom into a gym or removing closets might suit your lifestyle, but it can reduce your home’s functionality for buyers.
5. Installing a Pool (In Certain Markets)
Pools can be a hit or miss. In family-focused neighborhoods, buyers often see them as safety concerns or maintenance headaches.
Set a Budget
Focus on cost-effective changes that bring maximum ROI.
Hire Professionals
Skilled contractors ensure the work is done right and adds lasting value to your home.
Conclusion
Updating your home can be a smart investment when you do it right. Focus on high-impact updates and avoid common pitfalls to maximize your return and attract more buyers.
- Choosing the Right Updates
- Know Your Market
- Research local trends or work with an experienced real estate agent (like me!) to understand what buyers in your area value most.
- Set a Budget: Focus on cost-effective changes that bring maximum ROI.
- Hire Professionals: Skilled contractors ensure the work is done right and add lasting value to your home.
Here’s a website that I’ve used to get some design ideas.
Don’t forget to do the small things to make your house stand out:
Small Home Repairs with Big Impact
Staging to Sell
Pricing it Right
Let’s chat if you’re planning to sell and wondering which updates are right for your home!
With years of experience in the North Dallas suburbs, I can guide you through every step.
Ready to get started? Let us do a free home evaluation!
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