Home Updates that Bring Value, Whether or Not Selling is on the Horizon
Whether you plan to stay in your home for years to come or plan to sell it this spring, there are a few things you can do to keep up with the toll that time takes on your home.
If you still have TLock shingles, you should start budgeting to replace them. Most insurance companies are limiting their coverage of these, and you may be paying for your new roof in insurance premiums if they are covered. The next buyer for your home will likely not be able to get insurance at all on a TLock roof.
There are many neighborhoods in Colorado Springs that were built with either Oldach wood windows or low cost aluminum windows. If you have not replaced yours yet, consider the benefits of a better looking vinyl window, low E glass protection, improved operation and insulation, and even better sound proofing. The next buyer for your home will likely insist on them.
A lot of carpet installed has no more than a 10-15 year life. Yet, in some cases it already had its 30th birthday. Consider hardwood or a quality laminate floor as an upgrade. The next buyer for your home will be glad you did, and so will you!
Kitchens and Baths
You can blame the builders and HGTV for this, but most buyers these days do not expect to see laminate countertops, old appliances, dated cabinets or dated plumbing and light fixtures. While this can all be very expensive to replace (especially all at once), the cost of some of the nicer materials like granite and brushed nickel have come down. You can also look into appliance suites (appliances from the same brand in matching styles) that often benefit from rebates and store discounts. While you should make sure everything is working properly before any cosmetic work is done, consider at least a partial upgrade of the countertops, fixtures and appliances.
Inside and out, paint fades and takes a beating. Fresh paint can make a huge difference in the look and feel of your home.
Furnace and Water Heaters
Furnaces generally have a 20-year life expectancy, and water heaters generally have 10. Many have replaced these over the years. If you have not, consider going to the higher efficiency versions now available. Your home will heat more evenly and for less money.
While not every item listed here will come back to you dollar-for-dollar, by addressing some of these areas ahead of time, you can minimize an already stressful season when you do decide to sell. In addition, you can enjoy the updates yourself in the meantime.