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Renovations that Add Value to Your Home
Dated: February 28 2020
At LW Reedy, we recognize that your house is your home, but that it is also an investment. Homeowners interested in adding value to their homes should begin by chatting with their real estate agent. A common mistake homeowners make is improving the value of the home without considering the local market. Check with your real estate agent to ensure that the investments you intend to make will improve the value of your home without pricing it out of the comparable homes in your area.
Your real estate agent can also give you ideas for renovations that buyers in your area find appealing.
Some renovations and updates to consider include:
Curb appeal says it all! Invest in keeping your exterior updated, including lighting, front door, and your home's facade. Ensure that the landscaping and path to the home are inviting.
Before upgrading backsplashes, cabinetry and countertops, be sure to address any issues that potential homeowners would find distressing, including water spots or damage that indicate leaks; and cracks in walls and floors.
While upgraded appliances appeal to potential homeowners, these days it's about more than the fanciest new stovetop or fridge. Homeowners are more and more interested in efficiency. If you're investing in new appliances, evaluate the efficiency of kitchen appliances along with whole-house systems like water heaters and heating and cooling systems. And while you're at it, inspect your windows and insulation.
Kitchens and Bathrooms
Kitchens and bathrooms tend to be a major focus of potential buyers. Consider updating your kitchen and bathrooms to a timeless, classy look that will appeal to more potential buyers.
Good lighting shows of your home's most appealing traits. Lighting creates a feeling and an ambiance that buyers appreciate. Try to achieve as much natural lighting as possible. When natural lighting is insufficient, consider investing in other lighting options.
Open space plans have become more and more appealing to the modern buyer. Families appreciate having an open area without walls blocking interactions, especially between the kitchen and family areas. Check with your real estate agent to see if tearing down walls makes sense in your community.
We've already mentioned curb appeal. Remember your other outdoor spaces, too. A welcoming backyard with seating and a firepit can help families envision themselves enjoying the outdoor space. Address outside nooks and balconies, too. While keeping it clean and clutter-free, a simple chair and table with a plant can make a little outside nook go from wasted space to an area inviting people to chat or relax.
Which of these renovations make these most for you to invest in? Check with your real estate agent to see what buyers in your community value.
Are you ready to talk to your LW Reedy real estate agent about what home buyers value in your community? Contact your LW Reedy agent today. We can help with renovation decisions, buying and selling homes, and more.
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