7 Home Improvements That Add Resale Value to Your House

Before you break out your wallet for a whole range of expensive home improvements, be sure to think first about what choices will add the most to the resale value of your home, whenever you decide to sell.

What to Consider to Add Resale Value

Here are some general considerations for picking improvements that add resale value:

  • Not selling right away? Stick with timeless, classic choices so your upgrades won’t go out of style before you sell.
  • Selling immediately? Feel free to ride the style trends while aiming for broad appeal.
  • Improve your home’s weakest aspects before upgrading features that are already acceptable.
  • Compare your home to others in the neighborhood to see what your house is missing in the eyes of buyers.
  • Don’t splurge on excessive upgrades or add premium features that are uncommon for your neighborhood.

Regardless of budget, you can find home improvements that will boost interest and increase your asking price. Here are some of the most popular, reliable choices in the Knoxville market and nationally:

1. Update Kitchen Fixtures

Homebuyers gravitate to the kitchen. A makeover with stylish, energy-efficient appliances and upgrades to cabinetry, flooring, and countertops will recoup your investment, as long as they’re appropriate to your home’s price range and neighborhood. However, smaller fixes can also add resale value and increase your home’s appeal — think new drawer pulls, a tiled backsplash, re-stained cabinets, or even new glass cabinet doors.

2. Give Your Bathrooms a Makeover

Bathroom renovations provide a great return on investment, and small changes go a long way. New fixtures, new grout work, and modest upgrades to toilets and sinks will make a big difference in buyers’ eyes. Pick up a few extra points with new towels and a fresh, stylish shower curtain.

3. Turn Spare Rooms into Bedrooms

The number of bedrooms in a home is an important factor in home value. If you have an office or bonus room that has the required features (a door, a window, and a closet) but is not listed as a bedroom, you can easily add resale value by making this adjustment. This may require hiring a contractor for a small job, like creating a closet or adding a window.

4. Replace the Siding, Roofing, and Gutters

Improve the exterior of the home to boost curb appeal and set buyers at peace about the integrity of the property. Buyers will pay more when they don’t feel like the house will need expensive repairs soon after purchase.

5. Invest Early in Landscaping

Never underestimate the impact of landscaping on a buyer’s perspective. If you aren’t planning on selling soon, slow-growing shade trees have the biggest impact on home value. Leading up to the sale, spend some time cultivating a well-manicured garden and lawn. This type of landscaping takes a few seasons to mature, though. So, if you’re thinking of selling in a few years, get planting now and maintain your new landscaping!

6. Avoid Money Pits

Buyers aren’t looking for homes that have obviously been outfitted with the cheapest options. That being said, they don’t necessarily want to pay top dollar for frivolous features in a moderately-priced home either. Be careful about expensive projects like swimming pools or custom built-ins that lack broad appeal or feel out of place in the area.

7. Match the Competition

Research comparable homes in your neighborhood and see what features you may be lacking. Have other homeowners added modern walk-in showers and whirlpool tubs? Do you have an older home with fewer bathrooms and less storage than today’s home buyers expect? Identify these pain points and prioritize them in your improvements budget.

Let’s Recap

When trying to get the most resale value out of your home with improvements, consider:

  1. Updating kitchen fixtures
  2. Giving your bathrooms a makeover
  3. Turning spare rooms into bedrooms
  4. Replacing the siding, roofing, or gutters
  5. Investing in landscaping
  6. Avoiding money pits
  7. Matching the competition

When it’s time to think about selling, contact the Holloway-Westerling Group to discuss how to get the most value out of your home in the Knoxville housing market. We’re looking forward to hearing from you! 

This post was originally published on October 1, 2014, but was updated on August 20, 2020

Comments

  1. Thank you so much. We have an old home now my father wants sale it. But I said we improve it for getting the best price. But I can’t find the way how can I improve the home. After researching online I got your blog and after reading I found where to start the improvement work. Thanks, dear for your nice article.

  2. Excellent. Absolutely loved reading and very helpful at the same time 🙂

  3. Really helpful tips to increase resale value to the home. Also, checking ad resolving the home plumbing system also helps.

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