Understanding what type of renovations and maintenance you can do to increase the value of your home 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 soon, you may want to make sure you’re getting value out of your remodeling efforts.
Maintenance is very important to your home and involves more than just fixing things needing repair. Here are some of the top projects you can take on to increase the value of your home.
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 make sure 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 roof top replaced and will gain about 105% of the investment back when selling. It’s one of the only renovation projects to actually provide a return on the investment.
However, a new roof isn’t going to cause a buyer to snatch up your home any faster. What it will do is 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 flooring can make a big difference without breaking the bank.
If you really want to add appeal to your bathroom, you can replace an outdated vanity or add new lighting fixtures.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 they will be very appreciated by buyers.
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.
There isn’t a better way to get a return on your investment when selling your San Diego home than painting. If the paint is peeling or it’s 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 help to 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 be able to help decide what to do first and let you know what will bring you a higher dollar amount.
[table id=14 /]