The real estate market may be hot right now, but that doesn’t mean you’re automatically going to get top dollar for your home. There are a lot of homeowners trying to take advantage of this seller’s market, so it can be difficult for your average home to stand out from the crowd.
If you do want to give your home that competitive edge, then you should consider making some upgrades. Upgrades can be a great way to entice potential buyers and increase the value of your home, which may allow you to sell quicker and for more money than you would otherwise.
However, some upgrades can be rather expensive, so it can be difficult to pick which ones to focus on if you’re on a budget. To help you out, we’ve created a list of the 3 best upgrades to consider if selling your home. Take a look at our suggestions below.
A ton of people shifted to working from home at some point during the pandemic, and it seems like some of them plan to continue with this trend. According to a Top Agents Insights Report by HomeLight, almost 60% of real estate agents reported that a home office was a top priority for their clients. Some were even looking for a home with more than one!
If you don’t currently have a home office, then you can either create a whole new room or convert an existing space. Even a decently-sized walk-in closet could be a good option!
It seems like just about everybody wants an open floor plan these days. In fact, a study done by the National Association of Home Builders (NAHB) found that 70% of buyers want an open layout between the family room and dining room, 79% between the family room and kitchen, and another 85% between the dining room and kitchen. That's a lot of open space!
While creating an open floor plan can be as simple as knocking out the right wall, you may want to consult with a contractor before doing this yourself. Your home still needs structural support, so doing away with a load-bearing wall could very well end in disaster.
That same NAHB study found that buyers are looking for about 8% more finished space in their new home, bringing it to a total of about 2022 square feet. Some people may decide to build an addition to their home to up their square footage, but there’s often an easier option: finishing the basement.
You may lose some of your storage space, but you can transform your basement into a finished room or rooms that can add significant value to your home. Keep in mind, however, that this can be quite the project. You’ll probably need flooring, drywall, paint, light fixtures, etc. If you’re not comfortable taking on this kind of job yourself, you may want to enlist some professionals.
Ready to start making some upgrades? Contact JA Custom Homes today to see how we can help!
