7 Home Reno’s That Will Increase Your Resale Value Big Time

You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most.

We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI. All of the projects on this list were chosen for their ability to produce high ROI as well as create a more desirable home. Remember – it’s important to make money. But it’s also important your house doesn’t sit on the market for a year.

Make these updates and you should fetch a high sale price, quicker than you would otherwise.

Remodel Kitchen

kitchenThe decision among real estate experts about where you get the highest ROI renovating your home is unanimous. The answer is in the kitchen. For some reason people just want nice kitchens and care about it more than the rest of the house… Maybe it’s because that’s where people like to entertain guests.

Your main priority when renovating a kitchen should be layout. Creating a structure (or bones) that is functional and can easily be updated is super important. It’s one thing to replace a counter-top and cabinet doors. It’s a different story to completely renovate the whole kitchen.

Once you get the structure out of the way, search for materials that have a high quality look without a big price tag. You can make a space look modern and luxurious without having to use marble and granite.

I have seen so many people put in expensive goodies and never fix the bad flow. Spend the money on the layout — it never goes out of style. If you have a great layout, plugging in new appliances, hardware and cabinets can be quick and easy.

Update Bathrooms

bathroomBathrooms are the second place buyers typically place the most value in a home. The good news is that making updates to a bathroom doesn’t have to cost a fortune. En-suite/master bathrooms are the most important. As they say, it’s where the magic happens. Cast a spell on potential buyers with a beautiful en-suite. That was really corny I know…

 

 

 

Re-do Plumbing

plumbCan we say structural problems? This is the #1 worry of all potential buyers. No one wants to move into a beautiful new house and have a disaster occur two or three months down the road. Re-doing your old piping and updating it to a newer plastic solution is a huge selling point. This removes some of the potential fear that comes with buying a home.

 

 

 

Remove Paneling and Stucco

panelWood paneling and Stucco are common in older homes. Mainly because when it was popular, we didn’t have walls without imperfections like we do now. Not only are these two things ugly, they also show potential buyers that you lack the ability to update your home. “If you can’t update this, what is is lurking?”

Spend the time and money to update your paneling walls and get rid of the Stucco.

 

 

Attic Renovation

atticAttic renovations are a popular choice among DIY projects as expenses can be minimized. In many houses you will have the bones for a room. All that is required of you is putting up walls and handling the cosmetics. Updated attics can sometimes be a stronger selling point than updated basements.

 

 

 

Replace Siding

sidingSince curb appeal is so important, it makes sense to focus on the biggest factor. The outside of the house. Everyone knows the dingy, yellow siding that used to be white 60 years ago look. If your house looks like that – sorry. It’s time to update.

For those on a budget you can also try power washing. Power washing sometimes brings better results than you could imagine. And it barely costs anything.

 

 

New Garage Door

garageIn addition to replacing/refreshing your siding and landscaping well, your garage door can play a big part in selling your house. It’s another element of curb appeal that can draw in or turn-off potential buyers.

Luckily, new garage doors re-coup on average 80% of their investment in the long term. Basically, it will help you break even (or make money) while making your house more desirable.

 

 

In Conclusion

You want to sell your home in the least amount of time and for the most amount of money possible. The way to do this is by performing renovations with a high ROI. In addition, you want to focus on the most desirable updates. Doing so will ensure you attract more interest on your property.

Each of these on the list may not be necessary or feasible with your budget. Remember that curb appeal, kitchens and bathrooms are important. If you can focus on nothing else, focus on those things. These projects will reduce your risk of losing money in the renovation process and also help you sell quicker.

 

Need more information on selling your home in the (insert community name) area? Give me a call!

About the Author

What sets you apart from the competition?

“I love real estate! It is both my profession and hobby, and I am constantly studying my market space and new strategies to keep ahead. I offer my clients personalized service based on integrity backed up by a track record of success. I bring a great balance of creative and analytical skill sets while applying an intuitive and assertive approach, as each opportunity is unique.”

How did you become so good at what you do?

“Since I was a child growing up in El Segundo, I was naturally drawn to the changing built environment. I was fascinated by new construction and how over the years certain areas transitioned more quickly than others. Once I decided real estate was my calling, I already had a jump-start on the Westside and South Bay markets. By furthering my education with a boots-on-theground approach, I have become an expert in my field.”

How did you become so good at what you do?

“Since I was a child growing up in El Segundo, I was naturally drawn to the changing built environment. I was fascinated by new construction and how over the years certain areas transitioned more quickly than others. Once I decided real estate was my calling, I already had a jump-start on the Westside and South Bay markets. By furthering my education with a boots-on-theground approach, I have become an expert in my field.”

Real estate is highly competitive; how do you maintain a code of ethics?

“Disclosure is non-negotiable. Transparency is vital. In this highly competitive, saturated market the temptation to make a deal may give way to compromises by some agents. I am keen on building relationships that support future recommendations and referrals. I am only as credible as my last deal, so my ethical standing is all I have at the end of each day.”

What has been the highlight of your career so far?

“The relationships I have built with so many great people over these past 12 years. Great relationships have forged the trust needed to grow into additional business and investment opportunities. These in turn have resulted in a growing network of valued clients.”

How do you manage volatility in the market?

“Are you buying a home to live in or investing in residential or commercial property? Each class of real estate offers different methods to reach your goal. I provide added value to my clients by helping them define their goals, protect their interests and meeting— if not exceeding—their expectations. Each transaction requires being well-versed in the particulars that drive the deal.”