4 Home Repairs That Will Increase Your Home’s Value

Are you looking to sell your home? With home prices on the rise (average prices were up 16.9% in March 2022) and the average selling time as of January 2023 is 75 days on the market, making your home look its best will not only put you in a better position to sell but also help you to get the maximum price. 

Capitalizing on the market while it’s still a seller’s market means you can take advantage of price rises before home values drop and get as much as possible.

The following home repairs can impact how fast your home sells and help you get top dollar when it does sell.

Siding

Adding siding to your home’s exterior has long been a popular way of protecting your home and adding value. Siding can come in many different forms and materials, meaning you can find a style and design that works for your home. 

Siding can protect your home from the elements, which, if able to infiltrate your foundations and structure, can cause massive damage. It can also help you to improve your curb appeal if your current exterior looks less than pleasing. Choose an expert to work with who can give you the best advice, such as hardie siding contractor, John McCarter Construction. This can give you a finish that not only does what you need it to but looks good and can add up to $12,500 or give you around a 67% return on your investment.

Landscaping

To compliment your home’s exterior, you must pay attention to how your outdoor space looks. This includes any front or back yard areas you might have. Good landscaping considers how the space is used and gives you a design element that impacts your home’s useability and even value. This can be via transforming an overgrown wasteland into a minimalist oasis that requires very little work, creating a haven of color with flowers and trees to replicate a floral explosion, cultivating a more natural look for the increased benefit of local wildlife, or adding in a pool, decking paved areas, summerhouses and more. It is entirely up to you. Experts suggest investing up to 10% of your home’s value into landscaping designs, and you can expect your home’s value to increase by 5-15%.

New Kitchen

The kitchen is the heart of the home, right and alongside the bathroom, and is often touted as the prom that sells a house. And if you watch one of the many home improvement shows on tv, you will be sold on the importance of the kitchen. It’s really not an exaggeration to say people factor the size, style, and condition of the kitchen into their decision to make an offer. The better your kitchen is, the more likely you are to sell your home. So whether you are looking to sell in a year, in five years, or sometime in the future, investing money into the kitchen can be worth every single cent you put in. It is thought a well-designed open-plan kitchen-diner/living space can increase your home’s value from 6-15%. However, the buyer must desire this type of living space for you to see the increased value, and in some homes, it might be worth investing in a separate kitchen upgrade and keeping living spaces closed off.

Bathroom

Alongside the kitchen, the bathroom is one of the most used rooms in the home, and no one wants to walk into a bathroom and see if it is dirty, out of style, or needs massive repairs. If you want to add value to your home for an impending sale, then focusing on your bathroom can pay off big time. There are many ways you can upgrade your bathroom, both for a little outlay or with a more significant expense, from adding new tiles to the walls or changing the flooring and adding a lick of paint to ripping out existing fittings and fixtures and starting again. As per current trends, free-standing tubs, double sinks, wet rooms, and increased space are popular items on people’s wish lists for new bathrooms. With this in mind, you should make any repairs to meet current consumer desires to help you sell your home faster and get the maximum return for your money. A good bathroom remodel can add from 10-40% on average.

Conclusion

While the last thing you might want to do when you sell your home is pay out for extensive repairs, the above suggestions are ideal ways to recoup any outlay and get maximum sale prices for your home when you sell it. If you have plans to move in the future, getting these types of renovations carried can get you a better price when you sell and increase your enjoyment of the home while you live there too.

4 Home Repairs That Will Increase Your Home’s Value