Top Renovations to Increase Home Value | Peoples Bank

Is your family starting to outgrow your starter home? Or perhaps you’re ready to downsize for retirement? Before you start shopping for your next home, prepare your current home to hit the market. Here are the top renovations that might increase your home value and help it appeal to potential buyers.

Kitchen

You don’t have to spend a lot of money to redo a kitchen, but consider making simple updates. There are three hot spots in the kitchen that sellers cannot ignore: appliances, cabinets, and countertops. These elements have the most potential to increase value and attract buyers. Ensure you have updated appliances that match, clean, freshly painted cabinets, and countertops that are in good condition.

Efficiency

Today’s buyer is interested in a home that runs efficiently. There are plenty of tools on the market today to increase a home’s energy efficiency such as LED lighting, windows, smart thermostats, and more. Beyond energy, adding things that make a homeowner’s life easier, like practical storage solutions, can maximize the value of your home.

Paint

A simple paint color can make or break a room, especially when it comes to selling a home. Fresh paint can make rooms appear larger and cleaner. If you’re ready to sell your home, think about painting high traffic areas like the kitchen, living room, and laundry room. According to Consumer Reports, a neutral color scheme is the way to go. Neutrals allow potential buyers to envision themselves in your space.

Outside

When it comes to adding value to your home from the outside, it’s all about the curb appeal. This means simple fixes, such as cleaning up your landscaping. Spend time pruning trees and removing dead or overgrown plants so that people can really see your home. You could also take on larger projects like a new deck for outdoor entertaining.

When it comes time to sell your home and move on to bigger and better things, investing the time to spruce up your current home could help you increase its value and get you into your dream home quickly. Please contact the Peoples Bank Home Loan Center for all of your mortgage needs.