The housing market continues to roar, and homeowners are leveraging their growing equity by sprucing up their properties. While home improvements are a great way to add value, they can also be costly.
To ensure you’re making the right investment, consult real estate professionals on what projects offer the best return. Visit Visit Website for more information.
Kitchen
As the heart of a home, kitchens are a major selling point for any listing. A new kitchen could help your home sell faster and for a higher price. In fact, research shows that homes with updated kitchens can sell 8% more quickly than comparable listings.
That said, not every home requires a kitchen remodel to appeal to buyers. Whether to do a full renovation or a refresh depends on local market conditions, the cost of the upgrades, and the speed and return you want to achieve. A real estate agent can offer advice on what buyers are looking for in your area, and help you make the best decision based on your unique situation.
If you do decide to remodel, focus on maximizing broad appeal with attractive but timeless styles. Avoid extremely polarizing designs that only cater to niche tastes, as this can detract from buyer interest and impact your sale time and value. When in doubt, work with a design expert or contractor who understands trends but also has experience creating beautiful, functional spaces that will stand the test of time.
Even minor upgrades like painting cabinets, refinishing wood floors, installing a backsplash, and updating hardware can have a significant effect on your listing’s allure. If you’re ready to prepare your home for the market, contact Curbio’s expert team of designers and project managers today. We’ll ensure that your kitchen upgrade matches your goals and appeals to the right buyers for your neighborhood. JSB has the resources to support you throughout the process, and your local project management team will be on-site to meet deadlines and milestones.
Bathroom
Whether you’re thinking of selling your home or not, a bathroom remodel is a great way to add value and appeal. Home purchasers are particularly keen on bathrooms that look modern and eye-catching, and those which have been well maintained and cared for. The smallest details like grouting between tiles and caulking around sinks, bathtubs, and showers can deter buyers if they appear dirty or discoloured.
Replacing these small items is a cost-effective way to refresh the bathroom and improve appearances. It is also an effective way to prevent potential issues from becoming bigger problems later on that may cause delays in selling the property, a lower offer, or even delay the sale altogether.
More significant upgrades to the bathroom that are also popular include tub-to-shower conversions, replacing outdated cabinetry with new modern styles, and adding elegant double sinks or sleek granite countertops to the mix. These projects are typically more expensive than simple maintenance and minor cosmetic changes, but they can provide an excellent return on investment in terms of increased home value and shorter selling times.
It is also worth noting that national cost-vs-value reports consistently place bathroom renovations near the top of the list in terms of home improvement projects that deliver strong ROI. That said, it’s a good idea to stay within the range of similar homes in your area when deciding what to upgrade and how much to spend. Going too high-end can actually deter or delay potential buyers.
Generally, it is best to complete the remodel as soon as you can before putting your home on the market. Doing so makes it easy to list the upgrades and gives buyers confidence that they are purchasing a move-in ready home and not one that requires costly immediate repairs. It also reduces objections that can prolong negotiations and potentially lead to the property failing inspection. Certainly, you can always complete the work in stages if you’re concerned about timelines or budgets. Just be sure to leave enough money on hand to address unexpected issues and expenses. For example, a broken pipe or mould growth can significantly lower your home’s resale value and even lead to a failed home inspection.
Living Spaces
The living spaces of a home are where buyers will get their first impression. Messy playrooms or lingering pet odors may be a turnoff for potential homebuyers. Homeowners can also increase their home’s value by tackling simple upgrades to these areas, such as painting or installing a new roof.
Real estate professionals know that home remodeling projects aren’t necessarily a surefire way to sell homes, but can help owners justify recent price gains and create a move-in ready atmosphere for home buyers. In addition to prioritizing kitchen upgrades and bathroom renovations, homeowners should consider other projects that are likely to recoup some or all of their costs at resale, such as adding a patio, finishing the basement and installing a new front door.
However, it’s important to keep in mind that every home and neighborhood are unique and a project that makes sense for one home won’t always apply to another. As a result, homeowners should always consult their real estate agent when determining the best home improvements to make before selling. This will help them avoid wasting their sweat-equity.
Exterior
Knowing what remodeling projects will add value to your home is essential for homeowners who are considering selling their property in the near future. However, it can be tricky to determine what is worth the investment. Some projects are simply too expensive for the return they will bring to your resale value. It’s important to consult a premier real estate agent who can help you decide what projects will maximize your profits.
When it comes to remodeling the outside of your home, there are a lot of options available for you to consider. Some of the most popular options include painting, landscaping, and roof replacements. These projects recoup between 68% (for a composite deck) and 194% (for a new garage door) of your initial investment when you sell your house.
Whether you choose to take on a big landscaping project or just keep up with the basics, such as mowing the lawn, planting flowers, and keeping the driveway clear of debris, these improvements can go a long way towards making your home look more appealing to potential buyers. Many people will prefer to buy a well-maintained and put-together home over one that needs a lot of work.
It’s not uncommon for potential buyers to walk away from a house that they are interested in if the exterior doesn’t match their expectations. If your home has the potential to stand out from the rest of the neighborhood because of its beauty, then it could be the difference in getting a fast sale and a higher resale price.
