The real estate market has slowed down significantly since the weather cooled down. If you’re trying to sell your home, you may want to consider improving it with a few upgrades first to ensure you get the most return on your investment. You’ve already put a pretty penny into it, after all. Why allow a slow market to dictate its price when a good home staging or even a few simple upgrades can make the difference between a few thousand dollars extra in your pocket, or a significant price drop that leaves you barely breaking even?
#1. Roof Replacement. You may want to consider this if you have an older home and your roof is at least 20 years old. Though not a small upgrade to say the least, a prospective buyer will consider this when making an offer, and it could increase the resale value of your home significantly. Not to mention the improved curb appeal since those dark spots and cracked shingles will be gone!
#2. Granite Countertops. We don’t usually recommend new kitchen countertops unless yours are old or you’re looking to appeal to a wider set of buyers. In that case, granite is likely to be your best bet. Laminate countertops are rated low compared to granite, even though we still think they’re a great choice. Surveys indicate that homeowners want granite in their kitchens, so if you’ve got laminate and want to appease the masses, you may want to consider something different. We don’t recommend stainless steel or concrete in these cases, because though upscale in nature, these materials aren’t likely to appeal aesthetically to the largest selection of prospective homebuyers.
#3. A Backyard Storage Shed. If your home is low on storage space, consider adding a shed to the backyard. Many homeowners will be looking for extra space to store their things, and an extra building in the back could be very appealing. Many people would like to park their cars in the garage, but might need an extra spot to store their lawn or gardening equipment. A storage shed can be easily installed by a professional contractor and will add some extra square footage to your property. You can even customize it to make it look like your house or stand out if that’s what you prefer!
If you’re looking to get the most out of your property investment, then a few upgrades might be in order, depending on when your home was built, how long you’ve lived there, and what’s appealing to buyers in the current real estate market. Whatever you decide, make sure it’s worth it and that you’ll be able to recoup your costs on the project you put in place.