The Appraisal Institute suggests that homeowners focus on a variety of repairs and improvements to increase the market value of their homes. Here are some suggestions:
Kitchen and bathroom updates: Kitchen and bathroom remodels are among the most popular and effective home improvements that can increase the value of a home. Upgrading countertops, appliances, flooring, and fixtures can make a big difference in the overall appeal of these important rooms.
Energy-efficient upgrades: Buyers are increasingly looking for homes that are energy-efficient and environmentally friendly. Upgrades such as insulation, energy-efficient windows, and solar panels can help reduce energy costs and make a home more attractive to potential buyers.
Curb appeal: First impressions matter, and a home's exterior can greatly impact its market value. Improving curb appeal can be as simple as freshening up the landscaping, painting the front door, or installing new exterior lighting.
Flooring: Old or worn-out flooring can be a turn-off for potential buyers. Consider upgrading to hardwood floors or installing new carpet in high-traffic areas.
Maintenance and repairs: It's important to address any maintenance or repair issues before putting a home on the market. Make sure the roof, HVAC system, and plumbing are in good working order, and fix any cosmetic issues such as peeling paint or broken tiles.
It's important to note that the specific repairs and upgrades that will add the most value to a home can vary depending on factors such as location, home style, and current market trends. It may be helpful to consult with a local real estate agent or appraiser for personalized recommendations.
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