There are many factors that can add value to a property: the area where it’s located, the state of the market, etc… But if there is something that is undeniable it’s that always, ALWAYS, any buyer or renter will want to live in a pretty, clean, functional and fashionable home. A home that feels new, even if it isn’t.
That’s why a renovation (a GREAT, professional and efficient renovation) will not only bring your lifestyle to the next level, it will also be a PLUS for your home.
But which projects are the ones that offer the most value?
To make your life simple and help you make the right decision, we bring you in this article the 3 home renovations that will revalue your home the most, in order from lowest to highest.
How to sell my home more easily
In this article you will find:
Ø The true value a renovation can offer to your property
Ø The 3 home renovations that will revalue your home the most
3. Flooring
2. Bathrooms
1. Kitchen
¿What is the true value a home renovation can offer to your property?
When a home is put on the market, its value is measured by two main factors:
Ø Quantity of money for which you can sell it and
Ø TIME it will be on the market until it is sold
Each one is as important as the other.
It’s true that at least in the United States, the value of properties are already determined by the area, dimensions and other factors. Making the home look and feel new, can definitely make it more desirable for buyers.
Why?
Simple, because a house that looks old, uncomfortable and with imperfections, will mean that the new owner will have to spend an important amount of money on top of the purchase.
Now, let’s carry on with the next tip…
Now, let’s talk about what you can gain from transforming your spaces into the magazine home you’ve always wished for
When a home is put on the market, its value is measured by two main factors:
Ø Quantity of money for which you can sell it and
Ø TIME it will be on the market until it is sold
Each one is as important as the other.
It’s true that at least in the United States, the value of properties are already determined by the area, dimensions and other factors. Making the home look and feel new, can definitely make it more desirable for buyers.
Why?
Simple, because a house that looks old, uncomfortable and with imperfections, will mean that the new owner will have to spend an important amount of money on top of the purchase.
That’s why a renovation can help you make more money on your sale or maybe it won’t, but it will definitely at least cover the cost of the investment in the project and also guarantee that when you decide to sell your home, it will be sold A LOT FASTER than you think.
Now…
Having a clearer and more concise idea of the cost you’ll have; you will ask yourself which are the most strategic renovations to improve the value of your home.
Well let’s start from the lowest to the highest:
The 3 renovations that will revalue your home the most
3. Floorings
One of the 3 main enemies of a house on sale are ugly, mistreated floors and let’s not get started on properties with mix and match flooring.
It’s the skin of your home. And this is the thought that passes through any possible buyer’s mind:
Uncared for floors = cheap house
Well maintained floors = luxury house
It doesn’t necessarily have to be that way, but believe us, it’s the first impression.
So investing in your floorings will give your home a higher standing.
2. Bathrooms
The second most judged rooms in the view of a potential buyer are the bathrooms
Ugly bathrooms, that are small or badly distributed, with damaged plumbing or humidity automatically creates rejection in anyone that sees them.
Few rooms will make you feel more ashamed of a home, than a bathroom in bad condition. That’s why, renovating your bathroom will always, ALWAYS, be a smart investment.
1. Kitchens
Now let’s finish with the renovation responsible for many successful sales: the kitchen.
In any sale, the first minutes of attention are VITAL (and it’s not because we say it, it’s simply neuromarketing).
And the kitchen is one of the first spaces that are visited during a showing. It’s who represents the home and shows more or less what the buyers are going to find.
An old and outdated kitchen predisposes the buyer to a negative view of the rest of the house. On top of that, if it needs major conditioning it can mean burdening the buyer with a large sum of money and TIME in renovating it.
…
So now knowing the most critical and strategic spots in a property, take a deep look through your home and say “Yes” to the having the quality of life you deserve (You can read this article where we have shared what your life will gain from renovating your spaces) whilst also raising the value of your house for when you decide to rent or sell it.
If you want a consultation with us…
