From the moment you signed the paperwork and received the keys to your property, you’ve made a sizeable investment. Real estate has the potential to increase in value providing a huge return on investment for homeowners who are looking to sell in the future. The best way to ensure this happens is to invest money into improving and upgrading your house.
Home improvement projects, when done accurately, can add comfort, appeal, and functionality to a home making it more valuable on the real estate market and attractive to hopeful buyers. With the right changes, Newport Beach realtors (or a location-based real estate agency) can help you get top dollar for your property.
Even if you’re not thinking of selling anytime soon, new additions such as these to be discussed below are still worth the investment.
No matter how aesthetically appealing your house is, a buyer is interested in having a home that runs efficiently. So, if you live in an older home, you may want to start with the meat and bones of the house. Ensuring that the electrical system is up to code, having the heating and cooling appliances replaced, repairing the roof, and completing necessary maintenance on plumbing is highly recommended.
The kitchen is often referred to as the heart of the home. It’s where meals are prepared, conversations are had, and family gatherings take place. Older kitchens aren’t as efficient for today’s modern families. Limited cabinet space, old appliances, damaged flooring, and other eyesores will push them towards other properties. You can, however, renovate your kitchen rather affordable. A fresh coat of paint, refurbish and paint of the cabinets, install new countertops, apply new flooring, and invest in modern appliances and you’re good to go.
Bathrooms are another hot topic for buyers. They’re not only looking for a large enough space, but for a restroom that provides spa-like vibes. If your bathroom is outdated, you should consider renovating it. Installing features like ceramic tiles, massaging shower heads, and using calming colors like blue, green, or tan will really peak their interests.
Window and Door Upgrades
Efficiency is another element that should be considered for a home improvement project. Older homes have windows and doors that aren’t as efficient allowing air to enter and escape the house. This causes the energy bills to skyrocket. New energy-efficient windows and doors, however, eliminate this problem and also give the house a modern makeover.
The exterior of the home really takes a beating over the years. The weight and dampness of rain and snow, the dust and debris flying around in the fall, and the harshness of the ultraviolet rays from the sun can wreak havoc on the outside of your property. You can give the place a facelift by having siding installed. At the very least, be sure to have it power washed and repaint the trim to improve appeal.
Outdoor Living Space
A home’s interior isn’t the only thing buyers are interested in, they also look forward to the landscaping and space outdoors. It’s nice to be able to have somewhere you can simply enjoy the warmer seasons. Create an outdoor living space anyone can appreciate. Installing a deck or patio, a grill, outdoor kitchen cabinets, and perhaps a play area for kids can give a great impression. If you have the money to invest, other ideas like installing a pool, pond, or firepit can also increase the value and appeal.
Your property is an asset that can increase in value. While there are other factors at play (i.e. the real estate market, location, comp properties, etc.), one of the biggest things you can do to increase the value and appeal is to complete home improvement jobs. The above-mentioned can take an older home and turn it into a modern dream for potential buyers – or for your own comforts. As you contemplate which home renovations you’d like to complete, be sure to consult with professionals so that you can ensure each project is completed professionally and accurately for the best results.