If you are considering selling your Nashville, Tennessee home you may be wondering how you can easily improve your home value. According to top HomeLight real estate agents three light home projects are almost guaranteed to increase your home’s value: a mid-range kitchen remodel, a mid-range bathroom remodel, and landscaping upgrades.
Fix up the Bathroom
One room in the house that will always be noticed by potential buyers is the bathroom. In general, individuals are looking for ample space, storage, and well-kept/newer fixtures in the bathroom. A bathroom remodel might be the best way for you to add value to your home, especially if you stick to a mid-range remodel.
By skipping unnecessary remodel features and choosing popular less expensive features such as skipping a soaking tub but opting for a large walk-in shower will save you money and still attract buyers.
Stick with mid-range flooring and counter finishes as well as mid-range fixtures to keep costs low. As a general rule, your mid-range bathroom remodel will cost approximately $11,320.
That might seem like quite a bit of money, however, it is estimated that a mid-range bathroom remodel will add $11,063 in value so you can expect to recoup approximately 98% of what you spend.
Revamp Your Lawn
The most overlooked but valuable project to improve your Nashville home and increase its value is landscaping.
Updating your landscaping will seriously upgrade your curb appeal, attract more buyers, and help you sell your home fast. Don’t go overboard with landscaping, though. Instead, stick to the basics.
- Mow the lawn
- Remove weeds
- Patch bare spots
- Remove debris, branches, and limbs
- Trim back overgrown trees and bushes
- Add low-maintenance flowers
- Add a layer of thick mulch
- Finish off landscape edging with natural stone or brick
While the above landscaping projects may not be exciting they are absolutely worth taking the time to complete. When landscaping projects like the ones above are completed you can expect to recoup over 200% of the cost.
Specifically, the estimated cost to landscape your lawn is $3,456; however, the estimated value of landscaping is over $7,000 on average. Additional landscaping projects such as repairing walkways or adding outdoor lighting will also increase your home’s value.
Currently, basic landscaping will add close to $5,000 to your Nashville home’s value.
Mid-Range Kitchen Remodel
Updating a kitchen is a project that nearly every homeowner dreads. A kitchen remodel is time consuming and really interferes with daily life.
However, if you are looking to add value to your home, a mid-range kitchen remodel is a great way to go, but only if you stick to a mid-range remodel rather than a high-end remodel. If you are able to stick to a mid-range kitchen remodel you can expect to spend close to $26,000.
Of course there are ways to reduce costs but don’t skimp on items that really wow buyers such as smart appliances. Instead, look for savings on flooring or by keeping your existing cabinets and resurfacing the cabinet doors.
In the end, a mid-range kitchen remodel can increase your Nashville, Tennessee home’s value by close to $18,000.
Update the Backyard
Home buyers are still looking for backyards that provide beauty and excitement. If you have not already done so, you should update your backyard with one or more popular features. The include:
- Swimming pool – in-ground and surrounded by a safety fence
- Outdoor kitchen – complete with grill, refrigerator, counterspace, sink, and cabinets
- Fire pit/fireplace – either large or small but complete with surrounding sitting area and walkway
- Covered patio – complete with sitting area, lighting, and either a TV or sound system.
Apply Fresh Paint
One of the most forgotten home projects that adds an incredible amount of value to your home is painting. A fresh coat of paint will make your home appear newer and fresher. You should skip dramatic bold colors and opt for low-key neutrals.
Colors such as white, beige, gray, tan, and off-white are always popular and recommended by over 98% of real estate agents.
Mid-range and small home projects will add value to your Nashville home and offer a great return on investment. Remember to focus on projects that will be attractive to a variety of buyers rather than a select few.
With a few key home projects completed, you can expect an increase in your Nashville, Tennessee home value and the opportunity to sell for a great price.
