First time home owners know that buying a home is one of the most important investments that you can make. And while signing the papers on your first home can feel like putting down roots in your perfect pad, the reality is that most millennial homeowners end up moving multiple times, due to changing family and career factors. That’s why your home’s resale value should be a primary focus right from the get-go.
Selling a first home can seem even more stressful than purchasing one, but these simple tips on boosting your home’s resale value can go a long way in removing the stress from the equation. That’s why we’ve partnered with H&R Block to bring homeowners a guide to home improvement projects with the best return on investment. Whether you’re looking to sell now or in the distant future, knowing how to boost your property value is a great investment in your future.
1. Landscape Wisely
Like a good haircut, a yard should frame the face of your house in the most flattering way possible. After all, your yard is wholly responsible for your property’s first impressions. While it’s pretty obvious advice to keep your lawn mowed and weed-free, certain outdoor renovation projects are more likely to add value than others.
Forget about add-ons like a pool or hot tub, which can signal to potential buyers more maintenance than enjoyment. Instead, focus on the classics. Making sure your yard has a couple of healthy, thriving trees is a trusty way to boost your home’s resale value more than you may think. Check out the National Tree Benefit Calculator to see how trees in your zipcode affects property values, stormwater runoff, and other homeowner considerations. You’ll also want to landscape with native plant species, which will boost your home’s value without adding significant maintenance costs. When considering whether to tackle a yard renovation project, think about whether it will appeal to most people. A deck? Yes. A hedge maze? Not so much.
2. Refresh Your Front Door
If you’ve wowed house hunters with your stellar landscaping, the next place their eye will travel to is the front door. And it plays a big factor in your home’s resale value. In fact, according to a Cost vs. Value report conducted by Remodel, replacing an outdated entryway can have one of the biggest returns of any home improvement you could do yourself. Update the appearance of your whole home with a door that uses modern materials and a new color scheme.