Want to Increase Your Resell Value? Renovate These 6 Areas
It may have been your forever home at some point, but now - it's time to move on to something new. Whether it's upgrading, downscaling or simply wanting a change of pace, reselling your home can bring serious returns - if done right!
Though it might seem counter-intuitive, making certain improvements in a home before reselling can actually increase its value. Question is, which features appeal to potential buyers best? To get you started on the right foot, zoom into these 6 key areas at home that can add significant value to your property:
1. Update the Kitchen
Interior Designer: Gusto Design & Build
A place that most homeowners spend a lot of time in, the kitchen is an area that buyers regularly look out for. Today's prospective buyers appreciate a modern, highly functional kitchen that won't require them to re-renovate. Thus, if you're planning to boost the value of your home - consider refreshing this space with new appliances, new countertops or flooring.
Interior Designer: Mega Fusion Design Studio
That being said, a smaller budget can still create major impact. Consider applying a fresh coat of paint or change the cabinet/drawer doors and handles to instantly breathe new life to an old space.
2. Refresh the Bathroom
Interior Designer: Code Red Studio
Another high-traffic area, bathrooms are the next key feature potential buyers scout out. Remember, a sleek, sparkly-clean bathroom sends off a great first impression; so, start refreshing this space by retiling or replacing any grimy bathroom fittings like your sink, shower head and toilet bowl. Don’t want to invest too much? Minor touch-ups such as painting the walls and fixing old light fixtures can do wonders as well.
3. Touch Up Worn Out Walls and Floors
Interior Designer: Movent Signature Design
When it comes to renovating your space for resale, it's more about getting rid of in-your-face observable flaws than aesthetics. After all, style is subjective, but a modest, well-maintained home always gives off a good impression to would-be homeowners! Think about giving the entire home a new paint job and replace chipped floor tiles. It's the small things that potential buyers appreciate.
4. Tidy Up and Add Decor
Interior Designer: Zyon Interior Design
Likewise, it's all about playing up the potential of your space - can buyers envision themselves getting cosy at home? Unsurprisingly, clutter is a major turn-off. It visually obstructs the flow of your space, and let's admit it - it isn't most pleasing on the eyes. Similarly, a bare, spartan place devoid of furnishings or decor accents can come off cheap and unfriendly.
Interior Designer: Twelve Empire Sdn Bhd
Thus, one really quick (and affordable) way to 'up' the value in your home is simply cleaning up and adding stylish accents! Give it a sweep down, throw out items you don't need; then finish up with decor pieces like cosy rugs, a hanging piece of artwork or cushion covers for a visual pop.
5. Look Out for Lighting
Interior Designer: A Moxie Associates Sdn Bhd
Furniture and fittings aside, the right lighting can make or break the ambience of a space. So, if you're still using those old-school fluorescent light sticks - it's high time to replace them with modern fixtures to get your space looking put-together. Likewise, the hue of lights are equally important. Instead of stark white lights, replace it with cosy yellow-whites or warm oranges to play up a space's homely feel - boosting the property's appeal. Otherwise, down-lights also help lend subtle, classy illumination to a space.
6. Lastly, Consider Adding Nifty Storage Elements
Interior Designer: UP Creations
For modern families, additional storage is always welcome - and it sells. Consider built-in storage compartments that can maximise the functionality of your resale home (and will wow potential buyers).
Interior Designer: Hatch Interior Studio
Granted, these improvements can prove costly and are subjective on the buyer; so instead of working on hulking built-in structures such as wardrobes and TV consoles, focus on smaller features like doing up a bench/storage unit - pieces that a future homeowner can easily incorporate into, regardless of their chosen interior style.