We all love our homes and tend to put a lot of time, effort, and of course, money into these structures, wanting to make the spaces as comfy and stylish as possible. And because there comes a time in our lives when these buildings that have served us well no longer fit our needs, there also comes a time when we need to move on, leaving our homes for someone else to love and cherish. If that time is now for you, we’ve created this guide to home features that will inflate your home’s value, allowing you to get the most out of the building that has served your needs so well for so long.
People want a basement that has been finished completely and are willing to pay for the privilege—to the tune of approximately 13.5% extra value. Of course, you may need to compare what it costs to install flooring, doors, drywall, or even a spare bathroom to what extra money you can take in once it’s finished, but if you know the move is coming in the next few years, you can take your time and complete the process in pieces. This move will pay off in the end.
The kitchen is the heart of the home, and your home’s value will rise with a kitchen update. Buyers don’t want to do the work themselves; they want to walk into a kitchen that is light, bright, and ready for meal creation! Higher end appliances, granite countertops, and semi-custom cabinets are the dream for most people, and paint in shades of gray and white are extremely popular right now.
There was once a time when wall-to-wall carpeting was the big deal in homes, but today’s buyers know that the germs, dust, and dirt it attracts makes carpeting a no-go. And while tile and engineered flooring is nice, the beauty and durability of hardwood flooring can add another 3-5% to your home’s worth!
It may not be financially worth it to build an entire garage from scratch, and you may not have the space for it, but if your home has a carport, finishing it off with walls and a garage door will add about 2% to your home value. This update is relatively inexpensive and definitely puts more money in your pocket when escrow closes!
Our helpful Licensed Realtors have more than a few tricks up their sleeves to guarantee that your largest investment will garner you the most income; give us a call today and let us share our secrets with you!