Top 5 Small Updates That Can Increase Your Home’s Value

James Red
Published on August 15, 2017

Top 5 Small Updates That Can Increase Your Home’s Value

Pin

Top 5 ways to increase your Phoenix Home’s Value

  • How much can I sell my home for if I update the Kitchen?
  • What is the number one thing I can do to increase my home’s value?
  • Should I paint the interior and what color?

Sound familiar? These and other questions are quite common. Most people have some questions when it comes to selling their home. So what’s the answer? Well that depends. Different factors like market conditions, location, even fads can influence the home’s value. Here are my top 5 pics to increase your home’s value. The order of importance will depend on the above factors but a trusted REALTOR can help give you guidance.

  1. Curb Appeal – First impressions are lasting impression. If your yard resembles a Martian landscape, or the front of your home looks like it could be a scene in Amityville Horror , then it might be a good idea to invest a small amount into the front of your home to add to the home’s value.
  2. Kitchen – Everyone loves a nice, open kitchen with granite countertops, and new cabinets.
  3. Interior Paint – New paint brings back the fresh clean feel. It helps with odors, and with lighter colors, will make a room appear larger.
  4. Flooring – Want to WOW the buyer? Put in new wood floors. If money is a factor, then fresh carpets, or low cost tile.
  5. The Backyard – People living in Phoenix love their backyards. They want an oasis they can escape to and enjoy the cooler months so many of us live here for. Adding trees, some grass, desert landscaping, even a small fountain will be sure to add to your home’s value

So there’s my list. Of course each home will be different. Consult with your Real Estate Agent to see what makes sense.  

See how my list compares with Zillow on increasing your home’s value.

No matter your budget, there’s always an upgrade or two that’ll up the resale ante.

Whether your home improvements are for you or potential buyers, consider their impact on your home’s potential resale price before picking up your toolbox (or the phone to call a contractor). A brand-new kitchen or bathroom will undoubtedly wow potential buyers, but there’s no guarantee you’ll recoup the money you put into those pricey remodels. To help you navigate the choices that lead to the best return on investment, we asked two industry experts (and one enthusiastic DIYer) to weigh in.

Kitchen renovations

“Renovating the kitchen is always the biggest way to add value to your home,” says Grace Fancher, real estate agent at Kansas City firm Sarah Snodgrass. “People love to cook, and everyone tends to gather in the kitchen. If you add seating, such as an island with barstools, buyers go crazy for that.” A full remodel is a major investment, but smaller projects make a big difference if you can’t — or don’t want to — go all out. “Nicer appliances really stick out to potential buyers — even if you’re planning to take them with you,” Fancher says. She also suggests replacing tired finishes with fresh, neutral materials. “You don’t want to be too trendy, but you want it to look up-to-date,” she says. “Everyone loves clean, white subway tiles now, but they’re really a timeless look.” Replacing dated countertops (quartz is your best bet, according to Fancher) and flooring is also worth the time and money.

Bathroom updates

The smallest rooms in the house can have a big impact on its home’s value, so Fancher suggests adding a second bathroom or upgrading existing ones so your home features at least two full baths. Joe Monda, co-owner of Seattle-based general contracting firm Promondo, agrees. “People are spending more on upgrading their houses before listing them,” he says. “They really want to maximize the potential house value.” But if you’re remodeling a bathroom just to put your house on the market, keep it simple. “Most people don’t want to pay for upgrades, so you want it to be a neutral space that doesn’t look straight out of the big DIY warehouse stores — even if it is,” says Fancher. She adds that an easy solution is spending a little more on details, like high-quality towel bars and upgraded hardware for those big-box store vanities. Not in a position to remodel? “Re-grouting tile, or even just using one of those grout paint pens, gives any bathroom a fresher look,” says Sharyn Young, a self-proclaimed DIY addict from Minneapolis. You can read the rest of their article at: https://www.zillow.com/blog/updates-increase-your-home-value-218078/    

Pin
Top 5 Small Updates That Can Increase Your Home’s Value
Please use a valid email.
Please fill in all fields.
view now