If you are looking to sell your home in Needham, MA, it is important to make sure it is in good condition. While there are many things you can do to improve the look and feel of your home, some upgrades will have a greater impact on your return on investment (ROI). In this blog post, we will discuss some of the best home improvements to increase ROI. Whether you are planning to sell soon or just want to get the most out of your home, these tips will help!
1: Hardwood flooring
Another home improvement that can increase ROI for Needham, MA, homes for sale is insulation. While this is not the first upgrade people think of when renovating, it is a sound investment with a solid ROI because insulation not only makes your home more energy-efficient but can also help to reduce noise pollution. If you live in an area with a lot of traffic or construction, investing in insulation is a great way to make your home more appealing to buyers. It also makes sense to upgrade your insulation if your home is older than 12 years, since the average lifespan is 15-20 years. By replacing or retrofitting the insulation before you sell your Needham real estate, you are saving your buyer a headache down the road, which traditionally translates to a higher offer.
Another great way to increase ROI for Needham, MA, homes for sale is by remodeling the kitchen. A kitchen remodel is one of the most popular home improvements because it can have a big impact on the center of your Needham real estate. When renovating your kitchen, consider upgrading your appliances, countertops, and cabinets. These are all features that buyers will look for when considering a home purchase. Popular upgrades in 2022 include the addition of a wine fridge or pantry, pull-down cabinets (a huge hit among short home chefs), and induction cooktops (a safe option when cooking with little ones around).
Another area of the home that can have a big impact on ROI when selling Needham real estate is the bathroom. While the master bathroom is a well-known space for improvement among Needham, MA, homes for sale, the secondary bathrooms are also a great place to invest time and money. If you are planning to sell your home, potential buyers will be looking at the bathrooms closely. Some of the most popular bathroom upgrades in 2022 include walk-in showers, heated floors, towel warmers, shower steam features, and smart showerheads.
5: Repurpose the basement or attic
If you have an unfinished basement or attic in your Needham real estate, now is the time to consider finishing it. With the increased preference for multifunctional spaces, people are reframing their existing rooms in ways that allow space to be used for more than one purpose. This trend arose from families spending more time at home and the need to figure out how to create functional spaces for telework and home study. While repurposing a guest room to also serve as a home office is a great idea, if you prefer to have distinct rooms for sole purposes, converting the extra spaces in your home can still be a valuable asset. An unfinished basement or attic can easily be converted into a home gym, yoga studio, game room, or an extra bedroom. These are all spaces that potential buyers will love, and they can also add significant value to your home.
7: Garage doors
If you are planning to list your home among Needham, MA, homes for sale, upgrading your garage door is a great way to increase its curb appeal. A new garage door can also make your home more energy-efficient, which is a selling point for many buyers. If you are not planning to sell anytime soon, upgrading your garage door is still a wise investment. A new garage door will improve the appearance of your home and help you save money on your energy bill.
There are many different types of garage doors to choose from, so you can find one that fits the style of your home. If you are not sure which type of garage door is right for you, consult with a professional. They will be able to help you select a door that meets your needs and aesthetics.
10: Outdoor entertainment area
If you have the space, adding an outdoor entertainment area is a great way to increase the value of your Needham real estate. Outdoor entertainment areas are increasingly popular, and they can be a great selling point for buyers of Needham, MA, homes for sale. Even if you are not planning to sell your home anytime soon, an outdoor entertainment area is still a great way to improve your quality of life. You can use it to entertain guests or simply relax after a long day.
When you are planning your outdoor entertainment area, be sure to include features that will appeal to potential buyers. A built-in grill is always a good idea, and you might also want to include a fireplace or fire pit.
These are just a few of the many home upgrades that can increase your ROI. When you are planning your next home improvement project, be sure to keep these ideas in mind. With a little bit of planning, you can make a wise investment that will pay off for years to come, both as a homeowner and a home seller. For help in selling Needham, MA, homes for sale, reach out to the trusted agents at Corkin Cantor Group today!