Increase The Value Of Your Home
As real estate agents, our clients frequently ask us for the best ways is to add value to their homes. While most homes are currently appreciating in value across the United States, it doesn’t hurt to do other improvements that will not only help the re-sale value of your home, but also add your personal touch and make living in your home more enjoyable. Sellers typically have certain characteristics within their home that they value. Whether it’s the large deck to entertain and barbecue on or the luxurious five-piece master bath with soaking tub. the value differs for each homeowner. There are certain improvements that you can do to your home that can add value to it across the board no matter what the taste of a future buyer may be.
While every seller has a perceived property value of their home, it’s also important to consider your homes amenities and what they may be worth five years from now. Will buyers really want to pay extra for high end kitchen cabinetry? Keep in mind that sometimes it’s the smaller improvements that can really pay off. Just remember that curb appeal is key to not only buyers, but every time you drive up in your driveway you notice the extra effort put into making your home appealing from the exterior. Plus, it always boosts the neighborhood when other homes on the block look well kept.
Most any real estate expert you ask will say that the greatest return you will see is an upgraded kitchen. We spoke about some inexpensive ways to update your kitchen in a previous blog post, click here to view some great tips. The second area in the home that can bring in the greatest return is to upgrade a bathroom. On average, you will see an 85 percent return on this type of improvement.
Average Return on Home Improvement Projects
On average, home improvement projects cost anywhere between 20 to 25 cents on the dollar. That means that the 75 to 80 cents that you spend goes directly back into increasing the value of your home. When making upgrades to your home, there are really only two types of upgrades to consider – the first is an upgrade that improves your homes value and the second is an upgrade that is just for you. The upgrades that you desire may range from window treatments to furniture and other things in between. Whereas, upgrades to increase the value of the home involve replacing old lighting fixtures, faucets, windows and flooring.
Other tips to improve your home’s value include creating space. Buyers today are yearning for open floor plans. So if your home feels closed off in terms of living spaces, then consider knocking down a wall (or two). Perhaps the easiest tip for creating value in your home is to keep up with general maintenance. As a neglected home that has a leaky roof, old furnace and unkept flower beds can bring less money to the seller when they go to sell.
Just make sure that you do not go overboard when trying to add value to your home. The last thing that you want to do is overdo the house in comparison to the neighborhood as you won’t get the return on investment and your home will sit on the market longer waiting for the right buyer to come along that sees the added value that you put into the upgrades.
Sell My Boston HouseIncrease The Value Of Your Home