1. Improve energy efficiency
Boosting the attic insulation from R11 to R49 can lower heating and cooling costs up to $600 per year (according to Houselogic.com). If the existing insulation comes up just to the tops of the joists, then you may need to add insulation. If you can’t see the joists and the insulation is well above the tops of the joists, you’re probably okay.
2. Spruce up the exterior
You only get one chance to make a good first impression. Projects that enhance curb appeal can offer the best bang for the buck. Basic efforts like power washing the home’s exterior, painting the front door, or adding landscaping improvements can be small investments that enhance curb appeal when selling a home. A well-manicured lawn, fresh mulch, and pruned shrubs also boost the curb appeal of any home.
If your budget allows only one room renovation, go for the kitchen. Most studies have shown as many as 80% of homebuyers list the kitchen as their favorite room. Buyers may be more forgiving of other outdated areas with a newly updated kitchen. A minor kitchen face-lift could include painting cabinets or getting new cabinet doors, new appliances, upgrading countertops, or new cabinet hardware.
3. Budget-friendly kitchen remodels
4. Bathroom remodel
Updating bathrooms can make a big impact. Studies have shown a minor bathroom remodel can provide a 102% return on investment, and you don't have to spend a fortune to make big upgrades. Re-grouting tile, replace caulk around the shower, tub, and toilet areas, replace the toilet, mirrors and fixtures can go a long way to improve the look of the bathroom.
5. A coat of paint
Painting the home interior is one of the most inexpensive updates you can make. New paint lightens rooms, hides visual defects, and simply makes a room feel fresh and clean.
6. Fix the flooring
New flooring can instantly brighten up the home, and makes a huge difference in how your house is perceived by buyers.
As Bill Gassett mentions in a related article Repairs That Give Home Sellers High Return on Investment, get a professional Realtor's advice before pouring money into home remodeling.
Thinking of selling? Call Jean Hedren, Edina Realty NW Wisconsin Realtor, 218-590-6634 for a free comprehensive market analysis of your property.