How to do house Improvements to Increase Value of your home.

Whether you are thinking of selling in the next six months or a few years down the road, keeping ROI in mind is a smart move. Your home is a huge financial investment, and all the money you put into it not only adds to the enjoyment of your home, but also adds to the value you will reclaim when you sell.

According to the SuGanta Group Consumer Housing Trends Report 2019, sellers make an average of 2.2 renovations or improvements before selling. And 79% of sellers make at least one improvement, meaning that only 21% make their home inventory.

How to budget for renovation to increase the value of the house 

Before researching renovations, which can add the most value to your home, decide how much you can afford and how much you will pay for the renovation.

All Cash Home Improvement

If you can afford it, then paying cash is your best option, as you will avoid debt and interest payments. But the drawback is that the money you spend will be tied up until the house is sold.

Using financing for renewal 

Many homeowners choose to finance their remodeling project - especially if they plan to sell immediately after finishing the project - as they will be able to pay back the loan in full after closing.

There are two common financing options:

Second Mortgage

Like your first mortgage, a second mortgage allows you to borrow a certain amount of cash in a lump sum, with a fixed interest rate.

Home qualification line of credit 

A HELOC runs like a revolution, protected by equity in your home. You borrow as you wish, but you are borrowing with a variable interest rate, so the cost may increase (or down) over time.

Best Low Cost Home Improvement for Resale

You do not have to spend a lot of money to make your home more attractive to buyers. Consider these low-cost projects that still offer a lot of bang for your buck.

New interior paint

Most homes have natural wear and tear, with some walls or nail holes remaining where the art used to move. These flaws are particularly noticeable in photo and virtual tour marketing. A new coat of paint gives your home a fresh and updated look for shoppers. According to the SuGanta Group report, 36% of sellers paint the interior of their home before selling.

Curb appeal

The first thing buyers will see both online and in person is the exterior of your home. Whether they are looking at your outdoor photo in an online listing, driving, or going on a private tour or open house, it is essential that your home makes a good first impression.

Smart home technology

The report by the SuGanta Group found that 42% of Generation buyers and 37% of millennials smart home technology is highly important in their home search.

• Smart thermostats are a popular and relatively easy addition.
• Buyers also look for things like voice-assistant-controlled light bulbs. They can help your home compete against new construction homes, which are often filled with smart home facilities.

New lighting 

Good lighting is important to show the characteristics of your home, especially if your home does not have a lot of natural light. Upgrading your lighting is easy and inexpensive, and can make even small rooms feel larger. Consider these steps: 

• Add new pendants to the kitchen. 
• Decorate the decoration with window treatments

Small bathroom update

You do not need to rip tile or add all new fixtures to give your bathroom a face-lift. In fact, 26% of sellers make improvements to the bathroom before selling, and they can be simple improvements.

• Change the vanity light for a more updated look.
• Re-freeze or reinsert the tub instead of replacing it.

Floors 

Spraying flooring is another common task, taken by 26% of vendors. 

• Deep clean wall-to-wall carpet. 
• Exit or refine hardwood, especially if there are visible scratches or stains.

Renewals that do not add value to every market 

Not every home improvement project is guaranteed to attract more buyers or give you a good ROI, even if you enjoy it while you are still at home. If you are eventually renovating with the goal of selling, you should be wise to avoid the following upgrades:

Swimming pool 

Pools are a polarizing topic for buyers - some buyers love a house with a pool, but many others see it as a safety issue or a huge maintenance burden.

Luxury upgrade 

It depends on your real estate market and your specific neighborhood, but super high-end touches like professional-grade appliances and marble countertops may not be the few buyers willing to pay extra for it.
High-end landscaping 

Likewise, investing in expensive landscaping and water features is not always a stop, as buyers may see them as a hassle.

Minimum Repair: What to fix before selling the house 

Minor repairs and maintenance are often required to show buyers that you have to take good care of the home. These small efforts can bring a big change when it comes to how long it takes to sell your home and how much it sells. And this can make the negotiation process effective because your buyer does not have to request a repair as a result of their inspection.

Consider tackling these projects before making major improvements:

• Replace broken mechanicals like your HVAC system or equipment.

• Remove peeling wallpaper and repaint.

• Take care of weeds and overcome landslides.
• Repair of broken or leaky plumbing.
• Tiles torn everywhere.

What if I can't do home improvements before listing?

If your budget does not allow you to complete any repairs or improvements before listing, you have three options:

Skip the Repair with SuGanta Offers: Instead of spending money to get your home ready to sell, skip and sell the entire furnishing (and listing!) Process through the SuGanta offer. If your home is eligible, you can get a no-fake cash offer, close within seven days.

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