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- Kitchen: Homeowners usually spend a lot of time in the kitchen so an updated kitchen is very desirable to most buyers. A dated kitchen, even if the rest of the home is updated, can take away from the home’s value. Sellers can expect to get back between 60% to 120% of their kitchen remodel investment.
- Paint: One of the cheapest ways to renovate a home is to paint spaces with neutral and modern hues that brighten up a space. If low VOC paint is used, the home can be advertised as eco-friendly which is looked upon favorably by many buyers.
- Bathroom: Putting in an additional bathroom is a great investment. More than one bathroom is a great selling feature especially in older homes that may have only had one bathroom. Finding space for another bathroom can be hard, but consider closets, areas underneath stairs, and taking some space from other rooms. When looking for a space, keep in mind that half baths need at least 18 square feet and full baths need 30-35 square feet.
- HVAC system: Many homebuyers would like to buy a home that has a newer heating and cooling system since those systems are expensive and once they are replaced they usually last for years.
- Illumination: Adding light to a home makes a huge impact and goes beyond just overhead lighting and accent lighting. Task lighting such as lights underneath cabinets is a good choice as are skylights and sun tubes that bring natural light into spaces.