When it’s time to sell your house, you might not want to spend money on improvements or upgrades because you won’t be there to enjoy them. However, with the right upgrades you can appeal to more buyers and possibly drive up your selling price with multiple offers. Before you put your house on the market, consider a few of these top home improvements.
1. Laundry Room
No matter their age, homeowners desire one particular room in their house: a laundry room. In fact, 92 percent of buyers say they want this feature. If you don’t have a laundry room in your house already and you want to add one, the basement is typically the easiest place to do so. If the utility lines are already there, it could cost as little as $1,000 to add a laundry room. If you want to update an existing laundry room or add one closer to the bedrooms, expect to pay anywhere from $5,000 to $10,000.
Landscaping is the perfect way to set a good impression and entice buyers to walk in and see the rest of your house. Best of all, it typically has a 100 percent average return at resale. Put down some sod, which usually costs around 35 cents a square foot, so the lawn looks green and healthy. Then get some flowers and plants to add a pop of color around the house. Expect to spend around $3,500 on landscaping for your house.
Once you have the front yard welcoming and inviting, don’t forget to showcase an outdoor living space in the backyard. This is quickly becoming a popular feature, and 84 percent of buyers say they’re looking for a backyard patio. It offers more living space without having to add on to the house, and it’s a place where buyers can picture themselves hanging out with friends and family. The typical concrete patio costs around $960 for every 120 square feet to install.
4. New HVAC System
If your HVAC system is over 10 years old, you might want to consider installing a new one. Most systems last around 15 years, and if potential buyers are checking out your old system, they might deduct money from their asking price with the idea that they’re going to have to replace it soon. If you’re still living in your home as you try to sell it, you’ll get to enjoy the cost savings that go along with a new, energy-efficient HVAC system.
5. Bathroom Upgrades
While it costs around $10,500 to replace the toilet, vanity, sink, tub, tile surround, floor, and fixtures in a bathroom, you can see a 102 percent average return at resale for your work. Or, you can choose smaller upgrades. A fresh coat of paint, re-glazed tub, and new hardware on the vanity will cost less than $1,000 but still appeal to buyers.
From fixing up the outside to upgrading on the inside, these home improvements can help you win over buyers and sell your house.