Before Selling, Boost Home Value with These High ROI Upgrades

Ladies and gentlemen, we are at the point where the housing market is experiencing a serious housing inventory shortage across the nation. Insights from top agents indicate that 97% of agents are experiencing a booming seller’s market and there are a lot more buyers entering the market because interest rates are still below 3% – 2.850% to be precise.

This seller’s market is the perfect time to finally put your house on the market if you’ve been hesitant to do so in the past year. Since the market is extremely competitive right now, you can expect to have a fast sale, multiple offers, and possibly make more money than you originally listed it for.

If you want to increase your property’s value and potentially make a larger profit, there are quite a few upgrades that you can do that have a high return on investment. Let’s take a look at some of the top upgrades that buyers want and will make your home worth more.

Minor bathroom upgrades

Bathroom upgrades have always been the most desirable thing on a buyer’s wish list, but it’s in high demand now, too. Since many spas were closed for the better part of 2020, people want a place where they can relax and unwind. Buyers want luxury upgrades like double vanity sinks, luxury shower heads, spacious linen closets and the like. Plus, you could see 182% ROI.

Professional landscaping

Curb appeal not only adds value to your home, it also gives the homeowner a sense of pride. Just imagine pulling up to your house and seeing luscious green lawn, immaculate flower beds, complimentary hardscaping and a welcoming front patio. While you could improve the landscaping on your own, by hiring a professional landscaper, you can trust that they’ll plant grass, flowers, trees and shrubs (there’s a 100% ROI) that will thrive in your particular region – and so much more!

Build a deck or patio

Landscaping is a hot ticket item on buyer’s want list, but they also want a place where they can entertain guests and enjoy the beautiful weather. If you create a deck or patio in the backyard or update an existing one, you can expect to see a 90% ROI. You can kick it up a notch (cheers Emeril!) by installing an outdoor kitchen or a built-in grilling area, make it a screened in or covered patio/deck, or have a water feature for that extra bit of poshness.

Minor kitchen upgrades

You would think that an updated kitchen would be right up there with the upgraded bathroom in terms of adding lots of value, but it’s not. You can see an 81% ROI, which isn’t anything to sneeze at. Upgrades that buyers are keen on are stainless steel appliances, custom cabinets, high-end countertops and newer light fixtures.

Replacing the front door

One of the simpler upgrades that makes a big impact is a new front door. Upgraded doors with fresh hardware elevates your entryway to a new level while boosting curb appeal as well. Depending on the style of the door, you could see a 75% ROI.

Upgrades add more value to your home than you may think

It’s totally understandable that you may not want to pour more money into a house that you’re trying to get out of. However, when you invest in these upgrades, you’ll be able to list your property at a higher price. When you also factor in that buyers are going above and beyond when they’re making offers, there’s a good chance you could get even more money due to bidding wars, cash offers, or folks offering above asking price.

If you aren’t sure what upgrades will appeal to buyers in your area, don’t hesitate to ask top real estate agents for advice.