If you are thinking about selling your home or refinancing soon, it is time to take a look around and try to see your home through the eyes of the buyer or appraiser. Areas of your home that have seen better days can cost you money when it comes time to sell or refinance. To the potential buyer, they look like an expense in the near or distant future. Some renovations pay off big, while others do not make that much difference. Talk to Okinus Credit Solutions in Pelham, GA for a few suggestions of upgrades that will pay off.
The bathroom is one of the most important areas of the home, and there is nothing that will kill a first impression more than a bathroom with cracked tile, signs of water damage, or outdated fixtures. The average bathroom remodel costs around $10,500, and you can expect to get back about 102% on the investment. A bathroom upgrade might not be the biggest in terms of the money you get back, but it can cost you much more if you do not do it.
A kitchen update is another area that can add value to your home, but you must be careful. You need to consider the costs of your materials and the style of your home. For instance, unless you are in the right neighborhood, you might not be able to recoup the cost of that granite or marble countertop, but a laminate one will be a big improvement over the old one. Updates that make the space look brighter and more open add more value than high-end materials. New lighting, updated appliances, or a window above the sink can add more value to the kitchen.
Add Curb Appeal
Most of the experts agree that updates to your landscape and adding a focal point is one of the biggest ways to increase the value of your home. The good news is that this update can typically be done for very little cost. Landscape updates average about 30-35 cents a square foot in most areas of the country. First impressions are everything, and many homeowners recoup 100% of what they put into improving the curb appeal of their homes. You might want to consider drought-tolerant plants or ones that add a touch of color.
Add a Deck
Adding a deck or porch to your home is another addition that can reap big benefits when it comes time to sell. If your city or town allows them, adding a fire pit with a few benches around it creates a welcoming space for gathering friends and family. You can enjoy it while you are there, and many buyers see this as a bonus that might make your home perfect for them.
Okinus Credit Solutions offers purchase solutions that can help you complete your renovation and add value to your home. Contact our office serving Pelham, GA, and nearby areas to talk to one of our specialists.