| TOP WAYS TO ADD APPEAL AND VALUE TO YOUR HOME |
| I am often asked…”if I do this or that update/renovation, will I get my money back and will it increase the value of my home?” I cannot stress this enough…the most important aspect of any update or renovation is really good design that has a broad appeal. If you are not sure, get the help of a designer. This is key to adding value and increasing appeal!! As a simple example, if you install all new carpet and the color is red, you cannot expect to get your money back or increase appeal. In fact, you will decrease appeal and value. One design element that I find is dating homes very quickly is the kitchen backsplash. Be careful when choosing the style and color for your kitchen backsplash. Better for it to be simple than for it to date your home. TOP PROJECTS THAT APPEAL TO BUYERS AND ADD VALUE AT RESALE INTERIOR 1) Kitchen Update / Renovation (52% / 59% return) 2) HVAC Replacement (85%) 3) New Master Suite (50%) 4) Bathroom Addition / Renovation (57 / 50%) 5) New Wood Flooring (106%) EXTERIOR 1) New Roof (107% return) 2) New Vinyl Windows (71%) 3) New Fiber-Cement Siding (76%) 4) New Garage Door (95%) 5) New Steel Front Door (75%) If you are thinking of selling and don’t have much money to spend, the best thing you can do is declutter (remove any unnecessary furniture and décor items, remove window treatments that are dated or not neutral, remove personal collections and pictures), paint interior walls a popular neutral color (such as Sherwin Williams Agreeable Gray or Benjamin Moore – Edgecomb Gray), fix any obvious defects, and meticulously clean everything. At a minimum, these things must be done if you want the best price for your home. |