Five upgrades that will increase your home value.
You'll be surprised to find out how spending a few dollars can play a significant role in improving the total value of your home. Why sell your house the way it currently is when you can throw in a few dollars and sell high.
Complete your basement
If you want to increase the overall value of your home, start by completing your basement. Most big spenders love homes with a basement, if you want to attract them, renovate the existing one, and if you don't have to construct one.
Homes within the United States are known to add up to 20% more profit once they have basements. A home in let's say Georgia can earn you between $15,000 to $20,000 profit if the basement is incomplete. But once you finish the basement you can make up to $40,000 or $50,000 profit.
The average cost of completing a basement is up to $18,400, this cost can rise to $34,000 depending on the square footage. The process of completing a basement is simple, it involves flooring the basement, installing drywall and painting.
Add stone veneer to the front of your house
For average sized homes, it will cost you about $10,000 to replace a 300-square-foot band of your already existing vinyl siding that spans from bottom third of the street-facing facade with adhered manufactured stone veneer. That's a lot of money but it is totally worth it. If you can pull this through, expect to make 96% profit after resale.
Pro tip: consider using slim lines and dynamic colors, also explore the rounded texture.
Get a door of steel
Your front door is just a small part of your entire building, but it surprisingly plays a significant role in increasing the value. Statistics show that a home with a steel entry door helps recover as much as 69% to 91% from resale over three years. Buyers love steel doors for their low maintenance and security prowess.
Replace your garage door
If you replace an old garage door for a new one, you are certainly going to get your money back. It doesn't matter if you reuse your existing motorized opener, a new garage door will give you as much as 95% of your costs at resale.
Touch up your exterior paint
If you don't want to spend too much on the house then no need repainting the entire building.
Limit the repainting to significant places like the building's exterior to remove dirt and mold, or just repaint the entrance door and trim.
Bonus: Swap out your fixtures in the kitchen and bathrooms
If your drawer knobs, faucets and pull match, it gives your room a unique and modern outlook. Getting them to match won't cost you much, but it plays a big role in increasing the overall value of your home. Buyers preference varies across the country so do your research to find out what buyers in the area like.