Making strategic improvements to your home will increase the chances of selling it faster and for a higher price. However, some renovations may not appeal to a broad range of prospective buyers.
In fact, certain changes can cost more than the value they add, making it challenging for you to recoup your investment. Pursuing less valuable upgrades will also consume critical time and budget that could be applied for other, more popular amenities.
If you’re renovating to sell, here are four upgrades that buyers will love, and most importantly, value.
Table of Contents
Also see:
- 6 Unique Home Features That Will Boost Resale Value
- 5 Remodeling Mistakes That Can Decrease Your Home’s Value
- 7 Tips on How to Make Your Home Up-to-Date & On-Trend
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1. Updated Kitchens
Many buyers see the kitchen as the heart of the home, so updating this space can make your property shine.
Renovated kitchen with energy efficient appliances and new hardware
Upgrading appliances, replacing outdated cabinetry, or adding fresh countertops can make the space more functional and beautiful.
Small remodeled kitchen with a new energy efficient window
Window replacement is one of the commonly overlooked ways to add value to a kitchen remodel. Updated windows can brighten the space by letting in more natural light and improving energy efficiency, which buyers appreciate.
Renovated kitchen with dark cabinetry and white countertops to differentiate from the proliferation of white kitchens
Whether you’re doing a large-scale remodel or focusing on small upgrades like new hardware, the kitchen is worth the effort.
Renovated kitchen with new countertops, hardware, and a second island
Another critical point to consider is that kitchen remodels can be very disruptive and challenging to live through. Savvy, well-qualified buyers understand this and will likely favor your home over comparable properties that would involve the hassle of a major renovation project soon after purchasing.
2. Energy-Efficient Features
Homes with well-insulated windows, smart thermostats, solar panels, tankless water heaters, and energy-efficient appliances are incredibly appealing. These installations help buyers save money on utilities, which in turn helps them manage their monthly budgets by reducing overall living costs.
A Stiebel Eltron Tempra 20 Plus Electric Tankless Water Heater installed in a garage
Before making these changes, it’s a good idea to find out your Home Energy Score. This rating from the US Department of Energy shows how energy-efficient your home is and offers suggestions for improvements.
The Home Energy Score rates homes on a scale from 1 to 10, with 10 being the best for energy savings. The score incorporates variable such as your heating, cooling, and hot water systems, as well as the home’s structure. The score also includes ways to improve efficiency, with details about potential energy savings and upgrades to boost your home’s performance.
3. Outdoor Living Spaces
Outdoor living spaces include patios, decks, gardens, and outdoor kitchens.
Beautifully hardscaped backyard patio with permanent seating
They add more space for relaxation, entertainment, and dining, which will boost a property’s appeal.
Large patio entertainment area with pergola, outdoor kitchen, and ample seating
You can make your outdoor living spaces more inviting with the following improvements:
- Add comfortable seating like outdoor sofas or chairs
- Install soft lighting, such as string lights or lanterns, for evening use
- Create shade with a pergola, umbrella, or awning
- Add a firepit or heater to make the space usable in cooler weather
- Include plants or landscaping to bring in greenery and charm
- Install a water feature like a fountain or small pond for a peaceful ambiance
Quality outdoor furniture around a water or fire feature can easily make an outdoor space uniquely special
Outdoor seating area with native plants and artistic pottery with peaceful views, showcasing a home’s unique backyard
4. Functional Fireplaces and Chimneys
If you have an older property, consider renovating the chimney. A clean, well-maintained chimney signals to buyers that the home has been well cared for and will reduce concerns about safety and repair costs.
Beautiful brick chimney in excellent condition atop a stately Tudor home
Renovations might include cleaning, relining, capping, or repairing exterior masonry. There are many types of chimneys to consider, from rustic masonry to sleek metal designs. Buyers will love seeing this thoughtful detail in the home, whether it serves as the centerpiece of a living room or adds atmosphere to a bedroom.
Renovated brick fireplace with floating shelf
Stylishly renovated fireplace with white mantel
Closing Comments
By strategically renovating key indoor and outdoor features, you can create a buyer’s dream home. A refreshed kitchen, improved energy efficiency, and inviting outdoor living areas will all capture buyers’ attention. Don’t overlook timeless features like a functional fireplace and chimney, which not only add character and comfort, but reflect positively on the condition and safety of your home. These upgrades will showcase the value of your property, helping you to make a quicker and more profitable sale.
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