The first thing to determine in making upgrades to your kitchen and bath is what, in your opinion, constitutes a substantial investment. The key is to consider mass appeal for the sake of resale value. One homeowner decided to add a backsplash and more cabinet space in the kitchen. They also updated the appliances and refinished the oak flooring. Total cost: $4,000. The seller kept the price comparable to sales in the area and ended up selling for $27,000 more than the asking price because interested buyers started a bidding war. You do not need to bust your budget to sell your home, but you do want to create mass appeal. Kitchens are pivotal in home appeal. What can be done to your kitchen and bath to impress buyers without losing ROI?
TWO ENERGY-SAVING UPGRADES TO LOWER UTILITY BILLS
• Install an energy-saving smart thermostat for less than $300; this will save on utility bills. • Install solar vents ($500-$700) in the attic space to help expel hot air during summer months.
MAKING A CASE FOR SPACE
According to the National Association of Realtors®, a majority of recent home buyers would have preferred improved and greater closet space, as well as other storage options. Consider these statistics showing what buyers are looking for in a home:
• 93% wanted a laundry room. • 90% wanted a bathroom linen closet. • 86% wanted garage storage.
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