What about your home makes you happy? Maybe it’s that the place where you spend most of your time makes you feel safe and warm. Or perhaps it’s how easily you can rest your mind in rooms that perfectly reflect your identity.
Whatever your reasoning, it’s hard to deny the fact that your home environment impacts your quality of life. So, what does this mean for those of you in the market to sell?
Good question! The thing is, the process of selling an apartment in New York City makes you realize just how connected you are to it. It also reveals the importance your home has on living a happy life.
The amount of time and money you put into your home impacts not only your happiness, but a potential buyer’s happiness, too. So, how can you help make the buyer happy in your home and hopefully sell it quickly? Three words: home improvement projects.
When it comes to home improvements, ask yourself this: What projects are necessary to complete to attract the right New York City buyers and make them happy?
You don’t have to be a mind-reader to know the answer. You just have to think about what you can improve in your home, and then invest some time (and some money) into renovation projects that increase both happiness and home value.
Top Renovation Projects
Some renovation projects have a larger impact on your home’s value than others. The value can vary, so consider things like your current home value and your current market.
You should also think about who your buyer is, and research neighborhood comps before you decide which renovation projects to complete.
Consulting with an experienced real estate agent in New York City is also a good idea because they’ll be able to tell you which renovations will help your property sell faster based on the current market.
Need some inspiration? Here are a few renovation projects that may help your apartment in NYC sell quickly and for top dollar:
Update Your Kitchen
As a seller in NYC, you should consider renovating your kitchen. While some think this is silly since you are leaving anyway, an upgraded kitchen gives you a superb shot at recouping expenses!
Not sure if this is in your budget? Do some research to find out what the average kitchen remodel cost is where you live. Once you know the cost breakdown, you can create (and stick to) a sensible budget. To avoid negatively affecting your home’s resale price, aim to spend 5 to 15 percent of your home’s value on your kitchen remodeling project.
If you don’t have the time or desire to take on a full kitchen remodel, consider smaller, more manageable projects, like replacing or refinishing kitchen cabinets.
Feeling inspired? Save yourself some cash and go the DIY route. Even though you’re doing it yourself, keep both the buyer and your home’s value in mind, and choose colors and finishes that are neutral and will appeal to a variety of buyers.
Upgrade Your Bathroom
Bathrooms are one of the rooms buyers look at closely while touring properties for sale in NYC. By renovating this room, you can make it look beautiful and feel more spacious— even if it’s just with cosmetic updates!
Some simple (and not too costly) bathroom renovations that will help sell your home faster are:
- Painting the walls a neutral color
- Replacing old showerheads and sink fixtures
- Installing new tile, either in the shower or on the floor
Even though these updates seem minor, they are what buyers look at the most. They’re also affordable solutions that can help buyers envision this space as their own.
Add Some Character
A simple way to customize your home so it stands out among other listings is by adding character. While there are many ways to do this, you can’t go wrong with simple projects like installing built-ins, molding, or unique hardware.
Light fixtures are also a great way to add some flair to your abode. Here are some of our favorite lighting ideas for brightening an NYC apartment.
Home renovations aren’t an end-all-be-all in a market that is as booming as NYC, but they are certainly worth the investment if you plan out projects that can bring added value.
Planning to sell your home in New York City? Contact us and we’ll help you get started!
