We all know that renovation before renting your home can add a few thousands to the final price you get for your home. However, many homeowners are not sure exactly what to renovate to get the best value for money spent on the renovations.

You don’t want to spend too much time and money renovating and not get a significant increase in the property’s valuation. On the other hand, you also dont want to rent as-is when a few cheap renovations could have added a significant amount in your home’s valuation.

Not all home upgrades are equal. Some will make more sense than others from a valuation standpoint which is why today, we’ll look at 4 renovations that will add the highest value to your home. Let’s dig in:

Polishing Up the Exterior

Despite being warned by our parents and teachers from childhood not to judge a book by the cover, that is the one thing that we all fall victim to. The same is true for your home buyers. The first impression that home buyers will get when they pull up to your home will determine to a great extent whether or not they will want to buy.

Fortunately, these renovations do not have to be expensive. Some of the things that you can do here include painting your front door and your hedge if you have a wooden hedge or trimming it if you have a hedgerow, power washing your exterior, planting seasonal colorful plants and repairing that rusty garage door.

Improving Energy Efficiency

This is the one thing that home buyers can’t argue with. With more and more people moving to smart homes, any renovation that improves on your home’s energy consumption is going to bring huge benefits on your property’s value.

Some of the things that you can do here include installation of smart heating and cooling system, lighting automation, upgrading water heaters and improving the insulation around your doors and windows.

Budget-friendly Kitchen Remodeling

Your kitchen is one of the biggest renting points in a house hence you need to make the necessary efforts to ensure that it is presented accordingly to your potential buyers. Again, you don’t have to break the bank simply because you are renting your house. Simple renovations you can do include painting the cabinets, upgrading countertops and something as simple as fitting new cabinet doors and handles.

Revamp your Flooring

Flooring has a big impact on the impression that your potential buyers will have when they step into your home. Some of the things you can do here include adding a coat of neutral paint, polishing the flooring if you have a premium surface and installing a new carpet. Good flooring tells potential buyers that the home has been well taken care of.

Make your work easy when renting your house by performing the above renovations before you start renting your house. They will pay off when you start the process.

 

September 19, 2018, 5:33 PM by Admin