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Exterior renovationsHome Resale Renovation Tips
Taking on a home renovation is never easy. From the get-go, we’re only thinking about the result. Just picture that beautiful new tile floor, those gorgeous new windows or a full-on kitchen remodel, complete with green-friendly appliances.
But, what happens if you never get to enjoy the luxuries of your newly finished renovation because you’re moving? Yes, many homeowners decide to renovate before selling, as the right project can have an impact on the resale value.
Large-scale renovations will not add enough equity value to your home to realize a profit or move towards breaking even. For this reason, when selling you should avoid major home remodels and look to take on smaller or pressing projects. Curious to know more? We’re here to offer our renovation tips that’ll help you sell your home!
For any residential renovation project, it’s important to do ample research regarding the project specifics, the city or municipal rules and regulations as well as market conditions. Especially when it comes to selling your home, you’ll want to check the average market price for similar homes.
We’d also suggest visiting open houses of properties being advertised as newly renovated. Check for common updates and renovations in these listed homes. Make a list of the remodels done and consider the sale price in relation to them. Below, you’ll find our suggestions for renovations that you should focus your attention on.
Yes, in this article we’ll discuss renovation projects that focus on the appearance of your home. However, first, we’re going to start with a fundamental consideration if you’re renovating for resale value.
Improving your home’s energy efficiency will make a huge difference in the value of your property, not to mention, you’ll have an impact on greenhouse gas emissions. This type of renovation will come in many different forms and depend on the existing structures and appliances in place. Energy-efficient upgrades can include the following:
Insulating the attic correctly and with sustainable insulation materials;
Upgrading HVAC systems to energy-efficient models;
Upgrade and correctly seal windows and doors.
New buyers may tend to favour homes with energy efficiency efforts or appliances in place. Thus, this will offer you a positive return on your investment. If you get these renovations done a few months before selling your home, you may even be so inclined to provide your realtor with copies of your energy bills before and after renovations, as an example of the ongoing costs with green-friendly measures in place.
When potential buyers arrive at your home, the first thing they’re going to notice is the exterior. You won’t get a second chance at that first impression. Thus, you need to make it count. Focusing on freshening up the cosmetic details on your home’s exterior can instantly offer your house that extra boost it just might need. Some ways you could update your home’s facade are as follows:
Repaint your exterior walls, trim or front door;
Replace your front door, windows or exterior light fixtures;
Repair cracks or breaks in your front steps, veranda, walkway or driveway;
Repair and clean your roof, including replacing broken shingles;
Put in serious landscaping efforts.
Take a walk around the exterior of your home with a friend or loved one and see if they happen to spot any glaring issues. If it’s noticeable, it should be dealt with before you try and sell your home.
Last modified 2023-11-07
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