Raising the Resale Value of Your Home

Written By: Jacquelyn Annete García Vadnais

It can be challenging to consider how to increase the value of a home that an existing homeowner wants to sell. The reason for this is that there may have been many changes made during the period of ownership that should be updated or perhaps some of the aspects of the home are outdated and unappealing to the current real estate buyers. It is wise for homeowners that are looking to increase the value of their home to consider researching extensively or consulting an expert in order to figure out which modifications are worthwhile to increase the value of their existing property. In order to learn more about strategic ways to increase the resale value of a home, please review the information below:

Strategic Ways to Increase the Resale Value of Your Home

Consider Improving Your Home’s Curb Appeal

Curb appeal is a very important investment to make because it is the first impression that a prospective buyer has of a home. Curb appeal can include many factors such as landscaping, exterior paint, an appealing driveway, or outdoor porch space. The key is to consider how a prospective buyer would have the ideal first impression of an existing home and then figure out what modifications are ideal that also fit within the owner’s budget to make their home worth more money while still remaining profitable.

Invest in a Consultation with a Realtor or Designer

Before making substantial changes to your home, and investing a great deal of capital, it is wise to consult an expert that may provide you with ways to increase the value of your home. Realtors, and designers are a great resource to consider when deciding which changes are the best possible strategy for upgrading the value of a home.

Update Your Kitchen

One of the most heavily scrutinized areas in a home is the kitchen since the design trends go out of style quickly. If a home has an outdated kitchen with older appliances, and cabinets, it will be less appealing to buyers who know they will have to invest capital to bring the kitchen up-to-date. Be sure to consider the value of a kitchen renovation of appliances, cabinets or even the overall floor plan to increase the resale value of a home.

Make the Home More Energy Efficient

Homes that are energy efficient are in style currently. In addition, this trend is likely to continue in the coming years. Therefore, homes are very appealing when they have energy efficient upgrades. Be sure to ask a realtor or designer which energy efficient upgrades contribute to a home’s value so that they can match not only the design concept, but also provide appropriate pricing..

Update the Home to Have Smart Technology

It has become quite popular for homes to have technology that is more sophisticated to make the lives of the homeowner much easier on a day-to-day basis. Smart Technology has become quite popular with upgrades including thermostats, carbon monoxide detectors, door locks, lighting, fire detectors, and security cameras. In addition, it is wise to consider Smart Appliances in the kitchen and laundry room, for example, that will greatly increase the value of the home. Individuals purchasing homes are actively looking for properties that already have this technology available to them. Be sure to have a cost analysis to see what the projected costs of some of these upgrades would be, in comparison to the projected increased value of the home.

Add Usable Square Footage to the Home

Many homes are priced based on the usable square footage that they have. Some older homes may have a floorplan that only has two bedrooms or only one bathroom. In many instances, these homes will be able to obtain permits to add an additional bedroom to the floor plan or more bathrooms. Homeowners should actively be considering which changes could increase their home’s value. Adding a third bedroom in particular is more appealing to families, which increases a home’s potential buyer pool as well as increases the projected resale value of the home.

Apply a New Coat of Paint

Painting a home can entirely transform both its interior and exterior. It is wise to work with a designer to see which coat of paint would have the best impact on a home’s resale value. At times, a fresh coat of paint may have the ability to save a great deal of capital on additional renovations if a seller is looking to sell their home quickly for the best possible price.

Upgrade Existing Bathrooms

While some homes need a new bathroom added to the floorplan, other homes merely need to improve the finishes or overall style of the existing bathroom(s). Replacing a vanity in the bathroom or installing a more contemporary bathtub /shower can provide a great increase in value to a prospective buyer. To be able to see fresh light fixtures, a new vanity, and a completely renovated bathtub/ shower is valuable to a prospective buyer that is looking for a property that is turnkey. Consider upgrades such as these to get the best possible resale value of a home.

Final Remarks

Reselling a home is something to consider carefully. At times, there are many upgrades that can be completed to greatly increase the potential resale value of a home. For individuals that are looking to get the best possible resale price for their home, it is wise to consult with a realtor, designer, or even a contractor to see which potential changes would have the best possible impact on the resale value of the property. Current homeowners may be surprised how little they need to spend to get a better resale value for their home.

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Jacquelyn Annete Garcia Vadnais is an Investment Consultant and field expert blogger for Barracuda Consulting.

Jacquelyn has a JD/ MBA from Suffolk University, an LL.M in International Law from the University of Miami, and a B.A. from the George Washington University in International Affairs with a Concentration in International Politics. Jacquelyn speaks English, Spanish, French, and Portuguese and has lived in ten countries. Jacquelyn has done work for firms such as Boston Consulting Group and has worked with firms based in over ten countries in the fields of Real Estate, International Law, Expat Living, International Business, Forex Trading, and Travel. She has also volunteered her time and expertise at the Victims Rights Law Center based in Boston, MA.



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