If you are looking to add value to your home, you will really enjoy these Top 6 New Home Upgrades That Add Value At Resale in 20201!
Everyone wants to move into their dream home, so they’ll pay more for features that make a house stand out from the market. These are the top six new home upgrades that add value at resale for 2021 listings. They’ll ensure a great return on investment (ROI) because these renovations will have people racing to put down sizable offers.
1. Add a Functional Kitchen Renovation
Kitchens are the heart of every home, but not if their design disrupts the room’s functionality. A 2018 study found that 58% of buyers thought that the kitchen played the most significant role in their decision to purchase one house over another. They’ll look for spacious countertops, numerous cabinets and updated appliances. Investing in these will make your kitchen more appealing to future buyers and help you sell faster.
2. Enhance Your Primary Bathroom
People love bathrooms with spacious layouts and luxury amenities. Enhancing your primary bathroom with renovations are some of the best new home upgrades that add value at resale. Researchers found that projects like installing a jet tub or installing a walk-in shower recoup 50% of the project’s cost at the moment of sale.
3. Replace Your Garage Door
People often forget that garage doors add significant value to homes. They make your house safer from weather systems and burglaries. If your garage door has cracks that allow drafts to enter your house, you’re likely losing money to a costly electricity bill as well. No one wants to move into a home with uncomfortable drafts and expensive utilities.
Before tackling the project yourself, research the steps involved. You might unknowingly put yourself in danger by accessing electrical wires that could cause injury or death if mishandled. Ensure your safety and the integrity of your investment by getting quotes from expert teams who can install the best garage door to upgrade your home’s value.
4. Consider a Green Upgrade
The National Association of Realtors (NAR) recently found that energy efficiency improves the sale of a home by attracting a wider audience of potential buyers. People want to minimize their carbon footprint with a sustainable home, which you can make possible with eco-friendly upgrades. Install energy-efficient appliances and permanent features like windows with thermal insulation to improve the sustainability of your home and enjoy a significant ROI.
5. Install Smart Home Technology
People also enjoy when technology makes their life easier. Smart home tech will transform your property into a luxury escape that the new owners can tailor to their needs. They might pay a bit more for a home with a smart thermostat or a fridge that updates their grocery list by sending notifications to their phones. Real estate agents suggest spending $1,000 or more on smart home tech to see the ROI increase in your final sale price.
6. Upgrade Your Outdoor Features
Installing a concrete patio results in a 69% ROI, so imagine the possibilities of including outdoor furniture or a pool in your renovation plans. People want to enjoy every inch of their new home, including the front and back yards. Add a few new outdoor features and you’ll see your investment pay off as bids come in.
Add Resale Value With Home Upgrades
Many new home upgrades add value at resale for 2021 listings, but these are some of the top choices to consider. Plans to invest in smart home tech, replace your garage door and even renovate your bathroom will impress potential buyers and help you make a more significant profit off of your investment.
One of our wonderful reader’s Kevin wanted us to add: Don’t forget that a curb side mailbox ( sometimes called a rural mailbox) ads a nice country feel to the home at a minimal investment.) Great addition!
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Top 6 New Home Upgrades Top 6 New Home Upgrades
Kevin says
Don’t forget that a curb side mailbox ( sometimes called a rural mailbox) ads a nice country feel to the home at a minimal investment.