What are the top profitable home features to add before you sell your home? These upgrades can help you recoup the cost and more in a higher selling price for your home. Without some updates, home sellers may realize their home is not worth as much as they thought.
Here are some of the top profitable home features to increase the value of your home:
1. Laundry Room
Starting at $1,000, adding a laundry room to a home helps clean out other rooms where clothes may be stacked and can keep the living space tidier. This is one of the top profitable home features that add value and make your life easier!
The basement is the easiest place to put a laundry room. Another option is to add a laundry closet that fits a washer and dryer and some shelves.
2. Energy Efficient Items
Energy Star-qualified windows and appliances can be good selling points for buyers looking to save on their utility bills.
A water-efficient washing machine can cost anywhere from $500 – $1,800, while a dishwasher that senses how dirty the dishes are so that less water is used costs about $225 – $1,600.
3. Ceiling Fan
For as little as $50, a ceiling fan can lower cooling costs when used with an air conditioner. After chilling a room, a ceiling fan can keep the room cool and allow the thermostat to be raised a few degrees. This is clearly a winner suggestion since it is one of the top profitable home features to increase the value of your home – and it is very inexpensive!
For about $950, you can add a 120-square-foot concrete patio. This feature can be very appealing to buyers and can make a backyard look much more inviting. Add a table and some patio furniture, and buyers can envision themselves sitting outside with friends at a party.
5. Hardwood Floors
Since they are easy to maintain and have a clean look, hardwood floors are gaining ground in popularity. If refinished periodically, hardwood floors can last a lifetime, compared to about 10 years for carpet. This is one of the top profitable home features to increase the value of your home which buyers really love. Do not make the mistake though of installing low grade pergo flooring and expecting buyers to consider it hardwood. It isn’t, and buyers know it.
6. Garage Storage
Storage space always seems to be lacking in homes, especially for growing families. Add some storage to a garage to keep clutter out of a home’s living areas and you’ve essentially created a bonus space.
Storage in a garage can include cabinets, shelves, rows of boxes, and improved lighting and extra electrical outlets. This is one of those top profitable home features to increase the value of your home which also makes your life much easier. Imagine getting your garage back to use for your car! Or just having more storage in an accessible location!
7. Exterior Lighting
Light fixtures are relatively inexpensive, and illuminating the outside of your home doesn’t have to be a Disneyland-at-night event. At the very least, put spotlights on walkways and the driveway so that nighttime visitors won’t stumble to your door in the dark. This is another of those top profitable home features to increase the value of your home which doesn’t have to cost much. Costco sells boxes of solar lights which really enhance your landscaping for minimal cost.