Published: December 01, 2023

Optimizing Home Value: When to Invest in Renovations Before or After Your Move

Whether you’re planning to sell your current home or you’ve just purchased a new one, home improvements are a great way to increase the value of your property. Deciding whether to tackle these improvements before or after you move can be a challenging decision. In this blog, we’ll explore some of the most profitable home improvements and discuss the pros and cons of making them before or after your move.

Before You Move

Kitchen Remodeling:

One of the most popular and profitable home improvements is a kitchen remodel. A modern, well-designed kitchen can significantly boost your home’s resale value. Consider updating countertops, cabinets, appliances, and lighting fixtures to attract potential buyers. Doing this before you move allows you to enjoy the benefits of a beautiful kitchen while you’re still in the home.

Pros:

• Enhances the overall appeal of your home.
• Increases the resale value.
• Enjoy the upgraded kitchen while you live there.

Cons:

• It can be disruptive and time-consuming.
• Requires upfront investment.

Bathroom Renovations:

Bathrooms are another critical area to focus on. A stylish and functional bathroom can make a big difference when selling your home. Upgrading fixtures and tiles and improving the overall design can pay off in the long run.

Pros:

• Adds value to your home.
• Improves your daily living experience.
• Appeals to potential buyers.

Cons:

• Potential disruption during renovations.
• Initial investment is required.

Curb Appeal:

First impressions matter, and your home’s exterior is the first thing potential buyers see. Enhancing curb appeal by landscaping, painting, or updating your front door can make your home more attractive to buyers.

Pros:

• Attracts potential buyers.
• Adds to the overall value of your home.
• Enhances the aesthetics of your property.

Cons:

• It may require ongoing maintenance.

After You Move

Basement Finishing:

If your new home has an unfinished basement, consider completing it after you move in. A finished basement can add significant square footage and increase your home’s resale value.

Pros:

• Adds living space.
• Increases home value.
• You can personalize the space according to your needs.

Cons:

• Initial investment is required.
• It may disrupt your living space temporarily.

Attic Insulation:

Upgrading the insulation in your attic can improve energy efficiency and reduce heating and cooling costs. While it may not directly increase resale value, it can make your home more appealing to eco-conscious buyers.

Pros:

• Reduces energy costs.
• Enhances comfort.
• Attracts energy-conscious buyers.

Cons:

• It may not have a significant impact on resale value.

Personal Touches:

Once you’ve settled into your new home, you can start adding personal touches and customizations. These improvements might include built-in shelving, customized closets, or repurposing rooms to suit your lifestyle.

Pros:

• Enhances your daily living experience.
• Reflects your personality and style.
• No rush to complete projects.

Cons:

• It may not significantly impact resale value.
• It can be an ongoing process.

Deciding whether to make home improvements before or after you move depends on your goals, budget, and timeline. Kitchen and bathroom renovations are generally more profitable when done before selling, while basement finishing and attic insulation can be tackled after you’ve moved in. Ultimately, the key is to strike a balance between your immediate needs and long-term investment goals. Carefully assess your situation, consult with real estate professionals, and prioritize improvements that align with your objectives, whether they’re centered on boosting resale value or enhancing your daily living experience.

For more information, visit UNITS® Moving and Portable Storage of Indianapolis or call (317) 794-2269.