Do you know which spaces add the most value during a home sale? The ambience of a particular room in a house that has been put up for sale can skyrocket the value of the house and make it a toast of all during a home sale. This article analyzes two rooms in a house that can seal a home sale deal.
It’s a double-edged sword: on the one side, if you’re selling your home, it’s hard to justify spending money on upgrades; on the other, if you don’t put up your A-game, your home might lag on the market.
Either way, you’ll want to maximize your time and any money you’ve allocated to for-sale upgrades. Usually the best bet is to zero in on buyer hot spots, the “make it or break it” focal points of a home.
If you’re a seller with a tight timeline (and budget), you’ll want to focus on these rooms first when its time for that home sale.
Know the two hot spots
The rooms buyers most closely inspect (and judge) in a house are the kitchen and master bath for standard apartments. These are the interior spaces where the most value can be added during a home sale, so they need to look their best.
A well-appointed kitchen will dramatically increase the value of your home, so it’s worth spicing up yours to grab buyer attention. The same holds true for the bathrooms, especially the master bath. A sparkling master bath with clean lines will charm open-house-goers with modern upgrades like dual vanities and soaking tubs.
Do your homework
Before planning any upgrades to your kitchen and master bath, consider your neighbourhood— and more importantly, your target buyer.
If surrounding homes have tidy, simple kitchens with Formica or tile countertops, then your home should as well. If granite and flagstone are the local flavor, upgrade your counters similarly. Try to appeal to the masses when planning your updates.
Don’t overdo it
Determining the craftsmanship of the kitchens and baths in comparable for-sale homes is critical. It will help you identify where to allocate resources and identify unnecessary amenities.
A kitchen upgrade can range from a weekend-long, low-budget brush-up (think paint job and new cabinet hardware) to a full-blown overhaul (with tens of thousands spent on granite countertops and luxury appliances).
Either way, the goal is to make your home look as fantastic as possible without wasting money, overinvesting, and ultimately creating a space that’s out of place among the rest of the properties in your neighborhood.
Make the most of what you’ve got
If your kitchen is looking very worn and dated, you may be able to salvage some of its basic structure. Keep the main elements and simply improve the rest with a cost-effective, low-labour strategy.
Consider master bath mystique
From a buyer’s perspective, the master bath is almost as important as the kitchen. It’s also the most challenging room in the house to upgrade, requiring the skills of many different tradespeople — with possibly hefty bills for each.
However, several tricks can help you affordably create an inviting look that tugs at buyers’ heartstrings and purse strings.
With time and money at a premium, the key to a bathroom upgrade is making the most of the existing shell. Save as much of the existing bath as you can. A quick update of faucets and lighting can work wonders.