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As a seller, prioritizing home makeovers or upgrades will help to entice buyers. And, in turn, ultimately sell your house quickly. Thus, in this article, we’ll go over a few affordable ways to boost your home’s appeal, especially when it comes to younger buyers.
Increasing your home’s market value is always a good thing. And one surefire way to do just that is by staying current and keeping up with upgrades. In fact, in many ways, renovating is a must. This is true regardless of whether you are getting ready to sell your home, rent it out, or simply enjoy new upgrades. That said, if you are looking to sell your house, then inexpensive home makeovers or DIY upgrades that appeal to younger buyers are a must.
Appealing to younger buyers or rather millennials right now is important because they are becoming the largest segment of the buyer market. Thus, in order to help you make your property pop and appeal to one of the largest groups of buyers, here are some affordable upgrade ideas that are sure to add immediate value to your home and appeal to millennials or younger buyers.
The overall goal here is to understand who your target audience is and what they are looking for in a home. Doing so, will help you position your home to sell more quickly and for a better price. Of course, you probably would prefer not to spend tens of thousands of dollars completing a home makeover. Thankfully, the following budget-minded ideas can help you achieve your goals without breaking the bank.
One way to appeal to millennials is by creating more of an open concept layout. Of course, if this means knocking down a wall or two, then you should definitely consult professionals that have experience with home makeovers. Overall, having a semi-open floor plan can make a world of difference, and the entire space will appear bigger. Along those same lines, formal dining rooms are not as appealing as they once were, and many millennials prefer to entertain in a more casual setting. You may want to keep this in mind when staging your home and create an almost seamless flow from the kitchen into the living room.
If you have a little more money to spend, you may consider updating your light fixtures. There are rather affordable yet stylish fixtures available in a wide range of finishes.
When your rooms are empty or staged to perfection, the light fixtures can easily set the tone of the room and highlight focal points. Outdated fixtures may have limited appeal to young buyers who are looking for a home that is modern and current with today’s trends.
In addition to light fixtures, you should consider updating bath and kitchen fixtures. Remember, today’s buyers are budget conscious, and younger buyers typically seek out homes with updated baths and kitchens. Here, you can add coveted finishing touches without having to completely remodel the entire bath or kitchen.
Plus, updating these fixtures will be a definite return on investment. Predominately the millennial homebuyers will spend their savings on the down payment and furnishings. Simply sprucing up the fixtures will make the house look more attractive to the home buyer.
Younger generations are not a fan of intensive home maintenance. Thus, it should come as no surprise that as homebuyers, millennials are attracted to low maintenance features.
A prime example of a more low maintenance home feature is opting for hardwood floors instead of carpet. Granite or stone countertops are also on many buyers’ wish lists. The nice thing here is that both of these simple features are visually appealing and easy to care for.
Furthermore, homebuyers want to know about the home’s technological abilities. Cell reception and internet service provider options could make or break it for a potential home buyer. So simply being prepared to answer questions regarding technology can go a long way.
Similarly, smart home makeovers (implementing smart home and security features) also tend to go a long way with this particular group of buyers. Thus, it is highly recommended that you upgrade where you can.
A few examples of smart home tech include smart lighting, smart appliances, smart blinds, smart home surveillance cameras, Wi-Fi control, smart thermostats, and smart utilities. Note, you may want to consider hiring an electrical service to check the overall house to make sure the house is in top shape as well.
Since technology is becoming integrated into homes and more Americans are working from home, if you have extra space, then transforming this area into a home office will definitely boost your home’s appeal. This is a great feature to showcase because working from home is an upward trend and having dedicated space to work at home or a quiet place to pay the bills is important.
Alternatively, since today’s younger buyers are also looking for a home with an exercise room, a media room, or a study, you may want to consider how you can stage your home to show that it can be used for modern purposes. For instance, in some older homes, some of the rooms may have originally been built with outdated uses in mind.
This may simply mean moving your formal dining room set into storage, adding French doors, and investing in an affordable desk and side chairs for staging purposes. Note, this is just one of several options available that may give your home broader appeal to a younger audience shopping for a modern floor plan.
Last but not least, home functionality is important. So, you should consider hiring a carpenter to install racks, pantries, or even built-in cabinets since young homeowners want a livable and functional space.
Surveys also suggest that millennial buyers are more attracted to modern color palettes, especially a warm gray. Moreover, one of the hottest trends in home décor and interior design is to get rid of the standard white trim and molding and to add color to these areas.
Neutral hues like grays and browns have universal appeal, or you can give your space a more contemporary look by adding black to these areas. Generally, you will want a more neutral color like a creamy beige or light gray on the walls when executing a look with colored trim.
That said, by properly utilizing spaces and sprucing up the place with paint, potential homebuyers can easily imagine their own belongings in the home. Plus, as a seller, the last thing you want is for the home to appear outdated. So remember to take down the wallpaper and makeover the walls with a modern neutral. This will definitely help sell the house, especially to young professionals.
Ultimately, these are just a few makeover suggestions that will increase your home’s value. Nevertheless, the good news is that you do not have to repair and upgrade every part of your home before listing it. Many buyers today are comfortable purchasing spaces that only require minor cosmetic work after moving day.
As a result, you do not have to work at creating the perfect interior or exterior before your home goes on the market. So, if you are thinking about renovating your home and you believe that you will likely attract younger buyers to your area, then be proactive and consider implementing some of these tips for home makeovers in your space.
Do you have questions about home loans for your future home after selling or are you wondering what your home renovation financing options are? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, Washington, serving the entire state, as well as Oregon, Idaho, and Colorado. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992. Contact us today with any questions you have about mortgages.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.