- Kitchen renovations: Kitchen remodels can add significant value to a home, with estimates ranging from 60-120% return on investment (ROI).
- Bathroom renovations: Bathroom remodels can also add value, with estimates ranging from 50-100% ROI.
- Fresh Paint (interior and exterior): This is the least expensive way for most homeowners to freshen up their home with a high ROI. And like it or not, a neutral or warm white makes the home light and airy. This will make rooms seem larger and cleaner. If you pan to sell this is one of the first suggestions for a worn or dated house.
- Replacing Carpet: This is hard to put a price on. If you have old, dirty carpet no steam clean will help it and it typically deters most buyers in a heavier way than most sellers assume. Another relatively inexpensive update that can do wonders. If you know you are selling in 1-3 years and can live with the current carpet you may consider waiting until you list the property to replace the carpets.
- Curb appeal improvements: Enhancing the home’s exterior, such as with fresh paint, landscaping, and repairs, can add value by up to 5-10%.
- Appealing Backyard Space: More and more home buyers are looking at the yard space as a critical area to enjoy the home. By bringing a wow-factor into the backyard, this can add upwards of 5% or more to your homes value, and help buyers overlook other key elements of the home.
- Smart home technology: Installing smart home technology, such as a smart thermostat or lighting system, can add value by up to 5%.
- Additional living space: Adding extra living space within your property umbrella like a converted attic or converting an unconditioned space can increase a home’s value by up to 15%. (you must be very careful on how this is done).
- Storage space: Adding storage options, such as closets or built-in shelving, can add value by up to 5%.
- Hardwood floors: Installing or refinishing hardwood floors can add value by up to 5-10%, as they are a popular feature for many buyers.
- Updated lighting: Installing modern and energy-efficient lighting fixtures can add value by up to 2-3%.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
