“Top Home Improvements to Boost Your Sale Price”

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Which Home Improvements Add the Most Value?

If you’re considering selling your home, making strategic improvements can significantly enhance its appeal to potential buyers. Many projects can “pay for themselves” by boosting your home’s sale price. Read on for advice on smart home improvement investments that fit various budgets.

Address Safety and Structural Issues First

Start by addressing any issues that affect your home’s safety or structural integrity, such as repairing a leaky roof or fixing a chimney. These are essential repairs that, if left unaddressed, could be considered material defects and reduce your home’s value.

Projects That Cost $5,000 or Less

Yard Cleanup: Enhancing curb appeal by replacing overgrown shrubs, trimming trees, and refreshing flowerbeds can make your home more inviting.

Exterior Touch-Up: Repaint doors, garage doors, and other accents. Replace outdated light fixtures and hardware. Power-wash metal or vinyl siding.

Thorough Cleaning: Hire a home-detailing company to clean your home’s interior thoroughly, including shampooing carpets and scrubbing surfaces.

Appliance Upgrade: Replace aging appliances like stoves, refrigerators, and dishwashers to give your home a contemporary feel.

Lighting Overhaul: Update dated light fixtures with modern designs and consider smart lighting options.

Smart-Home Features: Install smart thermostats, doorbell cameras, and lighting controls to appeal to tech-savvy buyers.

Projects That Cost $10,000 or Less

Interior Painting: Repaint the interior with warm, neutral shades to provide a sense of newness.

Cabinet Facelift: Reface or replace kitchen and bathroom cabinet doors and hardware.

Ceiling Makeover: Replace popcorn ceilings with more modern styles and enhance lighting.

Carpeting and Flooring: Replace old carpeting with new, neutral-colored carpeting or hardwood flooring.

Projects That Cost $15,000 or Less

Exterior Makeover: Repaint or re-side your house to enhance its appeal.

Open Up a Room: Remove walls to create more open space inside your home.

Add or Enhance Insulation: Improve energy efficiency with better insulation.

New Windows: Update windows to improve energy efficiency and aesthetics.

How to Pay for Presale Home Improvements

Using savings is the most straightforward way to fund home improvements, but if you need financing, consider these options:

Home Equity Loan: Borrow a lump sum using your home equity as collateral.

Home Equity Line of Credit (HELOC): Use your home equity as a borrowing limit with interest-only payments during the draw period.

Personal Loan: Unsecured loans with fixed monthly payments over a set term.

Credit Cards: Use a 0% introductory interest rate card to fund improvements and pay off the balance before the intro period ends.

The Bottom Line

Making home improvements before selling can significantly influence your home’s appeal and sale price. Consult with a real estate agent to determine the most effective projects for your property. If you need financing, review your credit report and FICO® Score to know where you stand before applying for credit.

For any mortgage service needs, call O1ne Mortgage at 213-732-3074. We’re here to help you make the best financial decisions for your home.

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