It is no surprise that today’s housing market only favors prepared sellers. It is because the housing crises in previous years have substantially decreased home sales. Today, the asking prices of houses are at a record high in all parts of the country.
For instance, if we speak of the median home price in Colorado Springs, it steadily declined in the past year. This is mostly due to the rising interest rates and inflation, which have decreased the buyer’s budget, causing a decline in demand. However, employment rates have increased by 9,300, and the unemployment percentage is slightly lower than the national average!
Hence, homeowners in Colorado Springs don’t need to hesitate when considering home improvements before listing their homes.
Smart homeowners make significant home improvements to attract potential buyers, which is exactly what we will be helping you with. So, if you plan to list your home for sale, read on. In this article, we will discuss seven essential home improvements to help increase your home’s value.
So, without further ado, let’s get started!
Replace The Windows
Most homeowners fail to realize that replacing windows is one of the most important factors in enhancing a home’s appeal and marketability. Newly replaced windows not only elevate the overall aesthetics of a house, boosting its curb appeal but also create a lasting positive impression on buyers.
Also, replacing windows with an updated and new version can significantly increase your home’s energy efficiency, making it more appealing to homebuyers. Colorado Springs, although usually pleasant, may experience an unpredictable climate. Hence, make sure your windows can withstand everything from sunny summer days to below-freezing temperatures. One way to ensure your home is fully insulated is to hire a reputed Colorado Springs window company for a complete overhaul.
Remember, replacing windows can take your home from serviceable to totally impressive. It creates a comfortable indoor environment and offers potential savings on utility bills, making the property more attractive to buyers seeking cost-effective and eco-friendly living options.
Remodel Bathroom
The one space that can easily sway buyers and increase the overall value of your house is the bathroom. However, most homeowners often neglect this space without realizing that poorly maintained or outdated bathrooms are a major turn-off for buyers. So, another way to significantly increase your home’s value before listing it for sale is to remodel the bathroom with some simple yet effective changes.
For instance, you can start by replacing old fixtures like showerheads, faucets, and toilets with water-efficient and aesthetically appealing options. Similarly, you can re-tile or refinish surfaces that will help breathe new life into dull-looking bathrooms. Then, pay attention to details like adding stylish mirrors, adequate lighting, and sufficient storage space.
Finally, upgrade to some energy-efficient and low-flow plumbing fixtures that will not only increase the home’s value but also help reduce water consumption.
Upgrade Your Kitchen
The kitchen – the heart of the home – is the area that is known for influencing the value of any property. It is a no-brainer that all potential buyers always look for a modern and functional kitchen. Therefore, the easiest way to boost your home’s value for listing is to consider upgrading the kitchen area.
For instance, start with upgrading outdated appliances with more energy-efficient models that not only improve aesthetics but also save on utility bills. The cost of utilities in Colorado Springs is 13% higher than the state average, making energy-efficient homes irresistible for buyers. Similarly, replace dated or worn countertops with granite and cabinets with more stylish and newer options. You can go for a design that helps maximize storage space and gives a sense of openness. You could also remove non-load-bearing walls to create a more open look.
However, if you don’t want to make the above changes, you can still remodel your kitchen by adding a fresh coat of paint, installing a kitchen island, and contemporary fixtures and lighting.
Add An Outdoor Entertainment Space
Property hunters don’t only look for a home but prefer buying a lifestyle. Thus, installing a simple outdoor entertainment area can make all the difference in your home’s value. For instance, you can go with small changes like creating a spacious patio or deck that seamlessly connects to the indoor living area, some paved seating area, or even a state-of-the-art outdoor kitchen. Moreover, you can also add a cozy fire pit for intimate gatherings or a stylish dining area for al fresco dinners.
These are not only great ideas to improve your home’s appeal but create interest and ‘soul’ in the property, commanding higher prices in competitive housing markets like Colorado Springs. Remember, homeowners now prefer to blend indoor and outdoor living; thus, by investing in such a space, you create a unique selling point.
Improve Curb Appeal
We all know that first impression matter, and it all starts with the exterior of your home. Thus, by enhancing your home’s curb appeal, you can easily boost its market value. So, start fresh and give your house a fresh coat of paint. However, make sure that it complements the overall aesthetic of the neighborhood.
Also, replace outdated or worn-out fixtures like doors, mailboxes, or landscaping to give the exterior a well-maintained and modern appearance. Also, if replacement is required, go for a new roof since it will generate a great ROI. However, when choosing a roof, ensure it matches your home’s style and overall value.
Next, add a touch of elegance by ensuring well-manicured landscaping with neatly trimmed edges, vibrant fresh plants, and a tidy lawn. Last but not least, consider investing in outdoor lighting that will help accentuate your house’s architectural features and create an attractive and inviting atmosphere at night.
The Bottom Line
Increasing the value of your home before listing it is an investment that pays long-term dividends. Remember that you are trying to convince buyers of how comfortable it is to live in your house. You want your home to provide the most value but not at the expense of getting a lower return.
Thus, focus on curb appeal, bathroom, and kitchen improvements, replacing windows, and converting unused spaces smartly. The above-discussed improvements can substantially increase your property’s market value, making it stand out in the competitive real estate market. However, before taking up any of the discussed improvements, consider your available budget, the local housing market, and current market trends. Good luck!
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