6 Of The Best Home Upgrades To Consider When Buying Or Selling A Home
6 Of The Best Home Upgrades To Consider When Buying Or Selling A Home
Add equity to your property with these six home upgrades
Renovating your home can make a huge difference in its market value. Whether you are buying or selling or considering to buy a flip, there are many upgrades that you can make to your own home to make it more valuable when it comes time to sell it. Here are 6 to consider:
1. Bathroom Remodel
When it comes to upgrading your home, one of the best places to start is in the bathrooms. Minor bathroom upgrades can get you even more money back at resale than you spent to make the renovations and there is no need to expand or adjust the existing layout. Statistics show it will cost you on average $10,500 to replace the tub, tile, floor, toilet, sink, vanity, and fixtures, but on average you’ll get back $10,700 upon resale, which is good for a 102% recoup rate. Tasks such as re-caulking a tub can be done yourself, and if your tub is too large to replace, you can simply re-glaze it to make it look brand new. There are also companies such as Bathfitter that install over your existing tub.
Landscaping is an excellent way to add curb appeal and resale value to your home. On average, a homeowner will spend about $3,500 for landscaping services and around $1,500 for a designer. Healthy green grass, pruned trees, freshly planted flowers and bushes are all minimal landscaping jobs that have a big value in the long run. The average return on these home upgrades is 100%! Many local garden centers offer free design services, so consult an expert and see what elements you can add to give your property that WOW look. Focal points such as walkways and fountains have been known to add major value to homes as well.
3. Kitchen Remodel
When it comes to kitchens, in most cases it’s best to skip the full-blown floor plan overhaul and go with a minor remodel instead. This is less costly and on average will recoup about 98.5% of its average $15,000 cost. Minor remodels are the better option when your kitchen is simply in need of a cosmetic update rather than a totally different floor plan. A $15,000 kitchen update usually will cover cabinet and drawer resurfacing, a new wall oven, cooktop, sink and fixtures, countertops, and flooring. Stick with the basics, upgraded counter tops, nice flooring, upgraded cabinets or hardware and stainless steel appliances if possible. It is also usually suggested that you add new lighting and change the drapes and window molding to get the maximum value.
4. Add a Deck, Patio, Hot Tub or Pool
A standard-sized, pressure-treated wooden deck with a simple pattern costs about $11,000 and can add about $10,000 to the value of your home, a recoup rate of 90%. One of the main advantages of owning a home is having yard space, so it makes sense that a feature that takes advantage of that space would recoup well. Small improvements and eye appeal elements such as lighting, plantings, and railings can make a big impact when it comes time to close. A pool or hot tub help create backyard appeal and create an oasis for a homeowner and their family and friends to enjoy amidst the desert heats in Las Vegas. In general, outdoor improvements are a welcome home upgrade that home buyers will surely pay for.
Paint is an easy fix that often gets overlooked. Many homeowners have a hard time seeing the value in new paint since the home is already painted. Many homeowners thin that if the paint isn’t fading or cracking no one notices. This statement is false; people notice everything when they are spending money a new home. Painting your house a neutral color or something in line with the current trend really makes the home standout. This update is very inexpensive if you choose to do it yourself. Hiring a painter to get the job done is relatively inexpensive as well and it will be done quickly.
Fresh clean flooring in a home is very important. It could be new hard wood, tile, snap together laminate or carpet, whatever your budget allows, but flooring will add value to your home. Stained and torn carpet, broken old tile and scratched wood are immediately noticed as an additional expense and work that the buyer has to incur. If possible, avoid installing the cheapest, low end carpet, linoleum or snap together flooring as the quality is noticed immediately by home buyers. However,if it is all that you can afford, it is still much preferred to old worn flooring.
Consult with the Best Real Estate Team in Las Vegas – Team Emanuele at Simply Vegas Real Estate
When you are getting ready to buy or sell a home, consult with the experts at Team Emanuele Real Estate at Simply Vegas. We will guide you through the process in a warm, friendly and professional manner and not only help you make the right decisions in preparing to sell your home or to purchase a new home, but also help you obtain the maximum value for your property and guide you step by step through the process of buying or selling your home. Call us today at 702-572-4227 for a free initial consultation with the top Real Estate Team in Las Vegas!
Author:Kurt Brackob Phone: 702-572-4227 Dated: September 19th 2018 Views: 432 About Kurt: Kurt Brackob has lived in Las Vegas for over 10 years. A graduate of the University of Illinois, he ...
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