Although real estate markets across North America are seeing a slight slow down, there are still plenty of homeowners looking to sell their homes. But what can you do to help make your property stand out? Simple home improvements and renovations are an easy way to boost your property and capture the attention of buyers across the board. Invest in your home's appearance by prioritizing some of these simple renovations/upgrades to help increase your home's marketability and overall value when it hits the market.
Simple and Attainable Fixes
Garage Door Replacement
For those homeowners with a garage, an outdated or broken garage door can be an appeal killer to potential buyers. The good news for sellers is that a garage door replacement in 2022 has the highest return on investment
(ROI) for remodeling projects at 93.3%. The benefits of replacing your garage door are two-fold: not only does it help with your home's overall curb appeal, a new garage door can increase your home's security, is more energy efficient, and newer models come with features to protect people and animals from accidental injury.
Entry Door Replacement
Another project that can help boost your home's curb appeal and overall market value is replacing the entry door. One of the most important aspects of your home is the front door as it's the first thing buyers look at as they walk into the house. Broken, dented, and decaying doors can immediately sour a potential buyer's interest, so making the small investment in a new door is a great idea if your home is sitting on the market. 2022 numbers have "entry door replacement" at a ROI of 63.8%
, meaning it's a sound investment if your property needs a boost with buyers.
Not every seller has a yard, but for those that do, investing in landscaping is an easy way to boost your home's overall appeal and capture the eye of potential buyers. Across North America, agents have reported buyers attaching more value to a home if the yard is landscaped. NALP members and REALTORS in NAR's 2018 Remodeling Impact Report: Outdoor Features
ranked a standard lawn care service as the number one project that appeals to buyers, and that landscape maintenance and tree care recovered 100 percent of the costs at the time of sale. Depending on the size of the yard, sprucing up your property's landscaping can be a good way to boost value and help develop more interest in your listing.
Bigger Heavy Hitters
Minor Kitchen Remodel
Kitchens are one of the most used rooms in a house, and many buyers want to see functional and good looking kitchens in the properties they choose to view. If your kitchen is outdated, a minor kitchen remodel could help boost your home's value and overall appeal. Minor kitchen remodels can include replacing cabinets and counter tops; replacing cabinet and drawer fronts; updating hardware; replacing appliances; installing a new sink and faucet; installing new flooring; and aesthetic changes like new paint and trim. The name of the game is minor changes - there's no need to take out walls or break your bank account. A simple kitchen refresh can catch the eye of many potential buyers, and at over 70% ROI
, this is a great option for those sellers looking to make their home stand out.
Windows are an important part of any property, and if your home has old windows, it's possible they could be dissuading buyers from looking at your house. While windows can be an expensive update for those properties with tons of windows, they do have an excellent ROI
(67.5%) and they come with a number of benefits: enhanced home security and safety, improved energy efficiency, noise reduction, and improved overall curb appeal. Windows can be a big decision when it comes to renovations, but they will absolutely appeal to buyers and help your home sell.
Siding can really make or break a home, and for some buyers, homes with old, decayed, warped, or just odd siding can immediately make them skip a showing. Just like replacing windows, replacing siding isn't 'cheap' - it's an investment, especially for those with big homes. But new siding comes with a number of benefits: a high ROI
(68.3% for fiber cement; 67.2% for vinyl), increased curb appeal, improved energy efficiency, and overall longevity (vinyl siding can last between 20-40 years, and fiber cement siding can last up to 50 years). New siding is a great selling point and highly marketable.
With real estate markets slowing down, for some owners it may feel like their home will never sell. Sometimes the homeowner needs to help the process. Upgrades can certainly help boost a home that's been sitting as well as help add to the resale value of the home.