Understanding what type of renovations and maintenance you can do to increase your home’s value is rather important. If you plan to sell your house in the near future, you may want to tackle the projects providing the most value first. Even if you don’t plan to sell your San Diego home in the near future, you may want to make sure you’re getting value from your remodeling efforts.
Maintenance is essential to your home and involves more than just fixing things needing repair. Below are some of the top projects you can take on to increase the value of your home. It is important to create a list of all of the projects you want or should do in the future. Tackle these things one at a time. If you attempt to do them all right away, you will most likely get overwhelmed with the time and expenses that await you.
Homes with great curb appeal attract more buyers. More buyers mean there is a possibility of multiple offers. Multiple offers mean there is a potential to sell for a higher price. Paint the front door an exciting color. Think about creating a water-wise front yard. San Diego has been having a drought for the last several years, so ensure that your design includes drought-tolerant plants with beautiful colors.
You can find many landscape design ideas by looking at one of my favorite sites, Pinterest. Here you can search for curb appeal on a tight budget. This will help you create a nice front yard without having to break the bank.
If the roof needs to be replaced, this maintenance project will pay you back very well. The average homeowner will spend about $7,600- 9,000 to have a rooftop replaced and will gain about 105% of the investment back when selling. It’s one of the only renovation projects actually to provide a return on the investment.
However, a new roof isn’t going to cause a buyer to snatch up your home any faster. It will take away the negotiation of a lower price because the roof needs to be replaced or will need replacing in the near future.
Minor Bathroom Updates
While a full bathroom update may have the ability to add some value to your home, you may get a better return with just small updates. Replacing old wallpaper with new modern updated wallpaper, lighting, or even replacing flooring can make a big difference without breaking the bank.
If you want to add appeal to your bathroom, you can replace an outdated vanity or add new lighting fixtures. These updates may not cost more than a few hundred dollars, but buyers will very appreciate them.
Refinish Hardwood Floors
If your hardwood floors need refinishing, this is one project you should tackle. It will only cost about $2,500 for a home in North Park or South Park and can help sell your home much faster. While the number of bedrooms and bathrooms may get buyers in the door, the hardwood floors will help get them to the closing table.
Paint The Walls
There isn’t a better way to get a return on your investment when selling your house in San Diego than painting. If the paint is peeling or just not a good color, this is the first project to tackle. Lighter or neutral colors are best if you plan on selling soon.
There are several projects you can take on if you want to sell your home for top dollar. Even if you don’t want to sell your home, some of the maintenance projects on this list will add value to your house.
If you are thinking of selling your home in San Diego and would like to speak to an experienced Realtor, contact the McT Real Estate Group before deciding what to update. We will help you decide what to do first and let you know what will bring you a higher dollar amount.