Home Seller ResourcesHomeowner Resources March 11, 2024

Renovate Your Home for Profitable Sales

When planning to sell your home, it’s natural to think about making renovations to increase its market value. However, not all renovations are created equal. Some may significantly enhance your home’s resale value, while others might not be worth the investment. Coldwell Banker Heritage is here to guide you through the renovations that can truly add value to your home and make it more appealing to potential buyers.



Focus on the Kitchen

The kitchen is often considered the heart of the home, and updates in this area can significantly increase your property’s appeal and value. Minor kitchen renovations, such as updating old appliances, repainting cabinets, or replacing countertops, can offer a great return on investment (ROI). Modern, energy-efficient appliances and spacious, sturdy countertops are in high demand among homebuyers.

Enhance the Bathroom

Next to the kitchen, bathrooms are critical in the home’s overall appeal. Updating fixtures, improving lighting, and ensuring all plumbing works flawlessly can significantly enhance the bathroom’s look and feel. Consider adding a fresh coat of paint, modern tiles, and efficient fixtures to make the space more appealing. A well-executed bathroom remodel can provide a solid return without breaking the bank.



Improve Energy Efficiency

Energy efficiency is a major selling point for modern buyers who are not only looking to save money but also to reduce their carbon footprint. Replacing old windows with energy-efficient models, adding insulation, and upgrading your HVAC system can make a significant difference. These improvements not only attract buyers but also contribute to the home’s overall comfort and cost savings in utility bills.

Add More Space or Functionality

Adding square footage to your home can greatly increase its value. Whether it’s finishing a basement, converting an attic into a bedroom, or adding a bathroom, additional living space makes your home more functional and appealing to buyers. If a full addition isn’t in the cards, consider removing non-structural walls to create a more open, spacious layout.



Enhance Curb Appeal

First impressions are everything, and the exterior of your home is the first thing potential buyers will see. Simple updates like painting the front door, updating landscaping, and ensuring the siding and roof are in good condition can make a big difference. A well-maintained exterior suggests a well-maintained interior, making your home stand out in the market.

Update Flooring

Flooring is one of the first things buyers notice when they enter a home. Replacing old, worn-out carpeting or damaged tiles can drastically change a room’s appearance. Consider investing in hardwood or high-quality laminate flooring, which are popular choices for their durability and ease of maintenance.



Leverage CB Preferred

At Coldwell Banker Heritage, we understand the importance of quality and convenience when it comes to home renovations. That’s why we offer CB Preferred Providers, a comprehensive collection of vetted businesses designed to assist you with your renovation and repair needs. Through CB Preferred, you can access a curated selection of service providers who meet our high standards, ensuring your renovations are handled professionally and efficiently. Learn more about our CB Preferred program.

Final Thoughts

Not all renovations are guaranteed to increase your home’s value, so it’s important to choose wisely and consider the local market conditions and potential buyers’ preferences. Consulting with a real estate professional from Coldwell Banker Heritage can provide you with valuable insights into which renovations are most likely to add value in your specific area. With strategic improvements and the help of CB Preferred, you can enhance your home’s appeal and facilitate a quicker, more profitable sale.