How to Remodel Your Older Home to Increase Its Value

July 9, 2009

Need to Increase the Value of an Older Home?

Many buyers today love the charm offered by older homes, however, they tend to lack the modern conveniences that families prefer today. So if you’re looking to sell your old home, here are a few quick tips to increase it’s value.

1: The kitchen is often the gathering place for a home. For today’s buyers, it must be functional with modern, up-to-date appliances. Another way to add value to your home is to update finishes, such as drawer pulls, faucets and counter tops. If you’re thinking about doing a complete kitchen remodel, be sure to consult a professional designer to maximize the return on your investment.

2: Bathrooms in older homes tend to be small and scarce. If you’re looking to attract more buyers, consider adding a master bath. In smaller bathrooms, light neutral paint and updated fixtures go a long way. Most buyers are usually looking for 2-2 ½ bath in a standard three bedroom home.

3: Basements: If you got it… Flaunt it! Finishing a basement adds extra living space and therefore extra value to your home.

4: In older homes, closets are like bathrooms. Again they are small and not very abundant. Without adding a walk-in closet to every room, consider increasing closet potential with closet organizers and additional storage in the mud room, garage and pantry.

5: It’s always a good idea to check under your carpets for hardwood floors. Buyers prefer the charm of old hardwoods over carpet. If your hardwood floors are in good condition, they can be refinished fairly inexpensively.

6: Central heating and air-conditioning is a must have for homes these days. If budget allows, consider “green” options like geo-thermal and solar panels. Keep in mind that window units are unattractive and inconvenient and can lessen the appeal of your home.

7: And finally, look up! Remove any popcorn ceilings and any other dated, era-specific features like dark wood paneling and mirrored walls.

If you follow these guidelines you can increase the value of your old home and who knows, after all the updates, you may not even want to leave.