Whether you’re currently readying your apartment on the market or just looking for ways to add value to your home investment, it’s necessary to consider upgrades. As you know, not all updates will give you equal benefits – some do offer good returns while others can cause more money, thus this article.
If you are currently in the process of buying a new apartment where you can stay right now and sell later at a potentially higher value, get started by looking at condos for sale in your area. Now here are some of the best apartment upgrades that will surely add value to your home.
Nothing can turn away a buyer or lower your home’s value faster than an old bathroom that needs some serious makeover. Moreover, the professionals recommend focusing on the bathroom and kitchen over any house maintenance. The return is sure, typically 100 percent of the substantial real estate market and more in competitive buyer markets. However, don’t overdo it. Keep the design neutral since buyers might not like overly-decorated bathrooms as you do.
The floor, although often overlooked, is a significant selling point for any apartment. It is somewhat an affordable investment with positive returns, usually falling between 80 to 100 percent. Realtors say that homes with good hardwood floors sell faster and for more money. You can’t go wrong with installing a classic hardwood floor throughout your condo. It is easier to deal with than a carpet and better for allergies as well.
People dig plank flooring these days, so if you have outdated hardwood floors, this might be a suitable replacement. However, if you want to retain the wood, you may do so by refinishing the floor and staining it with a more modern dark stain.
As mentioned above, both the bathroom and kitchen are the top considerations when trying to sell or add more value to your apartment. If your kitchen requires some work and you only have a little to spend, focus on giving the room a facelift – paint the cabinets, add new fixtures, replace the sink and faucet, and update as many appliances as possible. If you have the money for a significant renovation, the key once again is simplicity over grandiose styling. You’ll likely make up for what you’ve spent, sometimes, even more, when you sell.
When was the last time you shopped for electronics? Since most people don’t want to have to buy new appliances after moving into their new apartment, purchasing a place that already has an excellent lineup of modern appliances is a good deal from the buyer’s perspective. If you still have old, worn-out appliances, buying new ones and replacing them can help add value and increase future sale potential. If they are still at a decent age but don’t match or need sprucing up on the outside, contact the manufacturer about purchasing a replacement or matching panels. Remember that with dishwashers, panels are often white on its front and black on the back.
There you have it. Just a final reminder, if you’ve yet to purchase an apartment of your own, then look at the right apartments for sale and evaluate them to see if they’ll be suitable for future selling.