Preparing to sell your home is a significant undertaking. From hiring a real estate agent and getting your home appraised to passing inspections, the process often spans several months. One of the most crucial aspects is ensuring you get the most value for your home by maximizing its asking price.
While painting your front door and staging your home can create a good first impression, some additional projects can significantly boost your sale price. According to Zillow, there are ten home additions, ranging from simple swaps to full renovation projects, that can make your home sell for well above asking. New research by Zillow finds that outdoor TVs, outdoor showers, and outdoor kitchens can help homes sell for as much as 3.1 percent more than expected.
“These projects are pricey upgrades for a homeowner who’s in the middle of a renovation project,” says Amanda Pendleton, Zillow trend expert. “But they are features valued by today’s home buyer who may be willing to pay a bit more to have them in their home. Certain little luxuries can put a home a head above the competition and make it stand out.”
If you’re looking to give your on-the-market home some momentum, consider these ten projects that can help your home sell for more than you’re asking. Here’s a breakdown of each project:
1. Outdoor TV/Home Theater System
Average Cost to Complete: According to Angi, an outdoor TV/home theater system will cost at least $550, with systems ranging between $500 and $5,000 depending on the TV size.
Zillow’s research found that homes with an outdoor TV draw offers 3.1 percent more than expected, or about $10,749 on a typical U.S. home. Ensure the TV unit is specifically made for outdoor use to withstand the elements.
2. Soapstone Countertops
Soapstone is becoming a top choice for kitchen countertops, favored by designers and chefs for its durability and ease of cleaning. This natural, nonporous stone can help a home sell for 3 percent more than expected, compared to a 1.7 percent price premium for quartz and 0.5 percent for marble countertops.
3. Matte Black Hardware
Matte black hardware is highly sought after by potential home buyers. This finish is versatile and doesn’t show fingerprints like stainless steel or brass finishes. Homes with matte black hardware can sell for up to 2.9 percent above asking.
4. Outdoor Showers
Buyers are increasingly looking for the laid-back energy of a beachfront home in their own backyard. Adding an outdoor shower can prompt buyers to offer up to 2.6 percent above asking.
5. Beverage Centers
Beverage centers, which include undercounter refrigerators with different temperature settings and ice drawers, are becoming popular. Homes with a beverage center can sell for 2.4 percent more, compared to 0.9 percent more for homes with a wine fridge.
6. Bluestone Patios
Bluestone is a more elegant and durable alternative to common patio materials like brick or concrete. Homes with a bluestone patio could sell for 2.3 percent more than expected.
7. She Sheds
She sheds are versatile spaces that can be used for storage, offices, hobbies, or gyms. Homes with she sheds can sell for up to 2 percent more than expected, potentially adding thousands of dollars to the sale price depending on the home’s value.
8. Outdoor Pizza Ovens
Outdoor pizza ovens, whether brick, ceramic, or metal, are becoming popular for summer entertaining. Adding one to your outdoor space can boost your home’s selling price. According to Angi, the national average cost for an outdoor pizza oven, including installation, is $5,000, but can range between $2,000 and $8,000.
9. Quartz Countertops
While soapstone is highly requested, quartz still holds value. Adding quartz countertops to your kitchen or bathroom can result in your home selling for 1.7 percent above the asking price.
10. Outdoor Kitchens
Outdoor kitchens extend your culinary potential and entertaining space. They vary greatly in form and amenities, with costs ranging from $6,127 for a simple setup to $26,163 for a high-end installation. Even a simple outdoor kitchen can lead buyers to offer an average of 1.7 percent above asking.
Maximizing your home’s value before selling involves more than just cosmetic updates. Strategic upgrades, such as adding an outdoor TV or installing soapstone countertops, can significantly boost your home’s sale price. By considering these ten projects, you can make your home stand out in a competitive market and achieve a higher return on your investment.