Your old tenants just moved out and now you’re looking at what you can do to raise your rent prices. Maybe you’ve finally made the decision to jump into buying a new home, and you need to add value to your home before you sell it. Whatever the decision, we’ve got some of the top home improvement projects to tackle before renting or selling your home. These will help improve your home’s value and allow you to ask for a higher price.
Remodel The Kitchen
One of the main things on any new homeowner or renter’s dream list is a decent-sized kitchen. Whether they are cooking all the time or they just need to make quick meals, everyone loves and wants a kitchen that is wonderful. When you start to look at what you can do to increase your property value, starting with the kitchen is an excellent idea.
Some of the top projects you can do in kitchen to increase your home value are:
- Update the cabinets.
- Install new countertops.
- Upgrade the fixtures and plumbing.
- Give the kitchen a modern look and feel.
These home improvement projects will give you a step up above the competition as well as put some extra change in your pocket. By simply doing your best to modernize your kitchen, you will appeal to the majority of homebuyers and renters. You can even add new countertops for that total wow factor!
Update The House’s Curb Appeal
When people are driving up to your home to take a look, are they saying, “This is the one!” or are they saying, “This is definitely NOT the one!”? You want your home to make people excited when they pull up to it. That’s why it’s extremely important that you update your house’s curb appeal.
If you are wondering how you can do this, try some of the following options.
Paint the exterior. Painting the exterior of your house gives it a facelift and brightens it up. Since your house is always out in the elements, a fresh coat of paint will liven it up and catch people’s eye.
Update the landscaping and deck. Grass and plants can help to bring new life to your home’s look and feel. And power washing your deck can give it a whole new life. Talk to a landscaper to find out more about what you can do to bring stunning curb appeal home.
Fix all cracks and damages. Nothing will have people running faster than seeing foundation damage. By filling in those cracks and taking care of all damages and issues, you can be sure that your home will be one that people are fighting for.
Replace The Floors
It’s just natural that over time, your floors will start to wear out. Unless you’ve recently replaced your floors within the last few years, you may start to notice the squeaking getting worse. Taking on the floors as one of your next home improvement projects will yield greater benefits than most other things.
Not only will replacing the floors get rid of that squeaking, but it will also allow you to install updated and modern flooring. Nothing says updated like beautiful wood flooring running throughout the house. Since you are already replacing the floors, adding in wood flooring or soft carpet is a good idea.
Don’t let something as small and insignificant as squeaky floors or carpet stains be the reason why you can’t raise your rent prices or sell your home. Instead, get it taken care of today and watch as people come running.
Renovate The Bathrooms
Just like the kitchen, a decent sized bathroom is on everyone’s checklist. People want a place that can act as their retreat at the end of a long, hard day. Whether you want to get away with a bath and a good book or you just need a hideout, updating your bathroom is your best bet.
Since the bathroom has so many different styles and options to choose from, it’s best to go with designs and colors that are neutral and will suit almost everyone. To give you an idea of what to look for, take ideas from some of these four top styles: Contemporary, traditional, transitional, and modern.
Each one of the designs offer something different. For example, modern is very sleek, straight, and clutter free while others like contemporary offer the most popular designs and DIY options. Whichever style you choose, make sure it fits the overall feel of your home.
Add Storage Space
Last, look into increasing the amount of storage space in your home. This means adding in closets, built-ins, cupboards, and shelving. All of this will appeal to all types of people who come looking for a good home.
If you really want to increase the amount of storage space in the home while also making it functional, consider doing one of the following:
Add to or redo the garage. A garage add on is possibly one of the biggest selling points of a house. Whether people like to use it for their cars or as an extra storage space, a garage will help you to increase your sale or rental price.
Finish the basement. A dark and dingy basement screams unappealing. That’s why finishing the basement is such a good idea. It can offer you an extra living space as well as increase the house’s storage.
Build shelving. Whether it is in your living room, bedrooms, kitchen pantry, or anywhere else, extra shelving equals extra storage. And this is a huge bonus for both renters and buyers.
No matter what type of rent or sale price you are looking for, follow these guidelines to help you get there. You can also find additional inspiration on our blog.
We know that paying for these improvements upfront often isn’t realistic. That’s why we are here to help you with the top home improvement projects to tackle before renting or selling your home. Not only can we help you to get the loans you need for all your home improvement projects, but we can also help you find the financing you need to keep your costs low and your rent high. To get started, fill out our 60-second online application, and you’ll hear back soon from one of our helpful customer care team members! With HFS Financial, “You Dream It, We Finance It.”