Home renovations can be costly, so a lot of homeowners put them off. They create a “wish list” of remodels they’d like to do, but just never seem to actually get started.
That can be a big mistake if you plan on selling your home any time in the next decade. According to the folks at Seven Valley Home Renovations, “A renovation can be the difference between selling your home quickly and struggling to find a buyer. The right remodels can even increase the value of your home considerably, too.”
Why Focus Your Remodeling Efforts on the Kitchen or Bath?
Realtors indicate that kitchen and bathroom remodels are the top interior renovations you can make if you want to increase your home’s value. Why? Well, the appeal is both emotional and practical.
Kitchens often serve as the heart of a home for families, particularly when there are children involved. New appliances, beautiful cabinets, and stone countertops provide both the necessary conveniences with a small touch of luxury that’s very appealing to people who can picture the kitchen as the center of activity in their family where daily meals are made and holiday dinners are crafted.
Bathrooms, too, are a critical part of daily life. When thinking about bathroom remodeling, you can consider both the aesthetics of your existing bathrooms or adding additional bathrooms for convenience. An updated master bath with a touch of luxury can make it easy for a buyer to picture themselves relaxing there after a long day at work, while an extra bath makes it easier for families to handle their morning rush.
Why Could an Outdated Kitchen or Bathroom Lower Your Home’s Value?
While buyers don’t expect homes to look brand new, what they see when they walk through your door really does matter. When potential buyers see an outdated kitchen or bathroom, the first thing that runs through their minds is, “What else needs to be updated or repaired?” They may worry that there are lots of hidden areas of neglect in the home and walk away before looking any deeper.
It is true that you don’t get back a dollar-for-dollar return on your investment via kitchen and bathroom remodeling, so you may want to focus primarily on cosmetic fixes if you plan to move soon. If you think you may stay in the home for a while, go ahead and splurge on more in-depth renovations.