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PROFITABLE IMPROVEMENTS

INCREASE YOUR HOME'S VALUE

If you have been thinking about selling your home, then you're probably thinking about how you can increase the value to maximize your profits from the sale.

Home improvements can make significant increases to your home's value and is a great place to start maximizing your profits.  

It's not just about what you love about your home. It's about what a potential buyer will love. Think like a buyer, and you're on your way to making smart, ROI-positive improvements.

This guide will help give you ideas for low cost and high cost improvements that will increase your return on investment and also things to avoid that will give you little to no return.

BUYER'S RESOURCE

FAQ'S FOR HOME BUYERS

Buying a home is a process. From pre-approvals, market research, showings, to negotiations, the journey of buying a home can easily prove to be an upward battle.

We hope to help make that process easier and more efficient for you. Our goal is to help you save time and money, so that you can focus on the higher priority items in your life.

LOW COST IMPROVEMENTS WITH HIGH ROI

THE EASIER THINGS TO START WITH

The big question that is probably on your mind - how can you make your home stand out without breaking the bank? It's not about spending money on a grand piano for the living room or a crystal chandelier for the foyer. It's the small changes that can make the most significant difference.

Painting: We can't stress this enough - a fresh coat of paint for the interiors and/or the exteriors can do wonders. Neutral colors can make your rooms look bigger and brighter. It's like a mini facelift for your home.

New Hardware: Switching out old cabinet knobs, door handles, and light fixtures can give your home an updated look without costing a fortune. It's like buying a new outfit for your house. One of our clients replaced their outdated brass doorknobs with sleek, modern handles and it completely transformed the look of their interior.

Deep Cleaning & De-Cluttering: Never underestimate the power of a clean, clutter-free home. Potential buyers can better envision their lives in the space. Think about how you feel when you walk into a tidy room versus a cluttered one.

Landscaping: First impressions matter. Adding some curb appeal with fresh mulch, seasonal flowers, or even a new mailbox can really make your home stand out. We had a client who fixed up their front yard with some simple landscaping and their home was the talk of the neighborhood.

Updated Lighting: Good lighting can transform a space, making it feel warm and inviting. Consider updating old fixtures or adding lamps in rooms with limited natural light. Bright and airy spaces evoke feelings of happiness, comfort, and relaxation. All great emotions you want buyers to feel when they walk through the space.

Minor Kitchen & Bathroom Updates: You don't have to do a full remodel to make a difference. Updating an old backsplash, resurfacing cabinets, or replacing an outdated vanity can give these crucial rooms a fresh look.

New Faucets & Showerheads: Something as simple as a shiny new faucet or a modern, water-efficient showerhead can make a bathroom or kitchen look more modern. Kitchens and bathrooms are rooms that really influence a buyer's perception of a home. It's best to spend a bit more thought on how you can make these rooms more appealing.

Remember, small changes can have a big impact. It's about making your home look cared for and inviting. That's what buyers fall in love with. And when buyers fall in love, that's when you see the ROI.

Okay, we've covered the smaller stuff. Now, let's talk about the big guns. These are the projects that might require a larger investment, but can significantly boost your home's value when done right. But remember, it's all about balance and understanding your market.

Full Kitchen Remodel: A modern, functional kitchen is a top selling point for many buyers. This could mean new countertops, cabinets, appliances, flooring, and lighting.  

Adding A Bathroom: If your home only has one bathroom, adding a second can significantly increase your home's value.

Primary Bedroom Addition: A spacious primary suite is a highly desirable feature. Consider adding a walk-in closet or an en-suite bathroom, if space allows.

Energy-Efficient Upgrades: Buyers are increasingly looking for energy-efficient homes. This could mean solar panels, energy-efficient windows, or a high-efficiency HVAC system.

Finished Basement or Attic: Adding livable square footage to your home can increase its value. Whether it's a game room, home theater, or extra bedrooms, a finished basement or attic can be a big selling point.

Outdoor Living Space: With people spending more time at home, outdoor living spaces have become highly desirable. This could be a deck, patio, or even an outdoor kitchen. If your home is a space for entertaining, then an outdoor living space will definitely accentuate that highlight and help make your home stand out.

High-End Flooring: Quality flooring can be a big investment, but it can also significantly increase your home's value.

These are bigger investments, so it's important to consider your home's overall value, the real estate market in your area, and what potential buyers are looking for. It's about creating a home that buyers can't resist, and sometimes, that means going big.

HIGH-COST IMPROVEMENTS TO CONSIDER

THE NEXT LEVEL OF IMPROVEMENTS

Get in touch

I am here to help answer any questions you have. Looking forward to meeting you!

Alyssa Alvarez

REALTOR & Homes For Heroes Specialist

DRE# 02202740

alyssa@luxegroup.com

925.300.8425

Okay, let's talk about the flip side of the coin. Not every home improvement project is going to yield a high return. In fact, some might not bring you any return at all. Here are a few to think twice about:

Over-the-Top Landscaping: While basic landscaping can improve your curb appeal, going overboard with exotic plants, intricate designs, or features like koi ponds can actually turn off buyers who see it as too much work. We once had a client who had built a full Japanese Zen garden in their backyard. While beautiful, it was often seen as high maintenance by potential buyers.

Highly Personalized Decor: That mural of your favorite band might be your pride and joy, but it could be a potential buyer's deal breaker.

Luxury Upgrades in a Mid-Range Neighborhood: Installing high-end features in an average-priced neighborhood can result in you pricing your home out of the market. We worked with a seller who installed a custom wine cellar in their basement. While impressive, it did little to increase their home's value in a neighborhood of first-time buyers.

Swimming Pools: While it might sound surprising, pools often don't add as much value as you'd think. They can be seen as a safety hazard or a maintenance headache.

Garage Conversion: While this might add some extra living space, many buyers want a garage for their cars and storage.

Wall Removal for Open Concept: While open concept living is popular, completely removing walls can sometimes backfire, especially if it eliminates essential rooms like bedrooms.

Before you undertake any major renovations, it's always a good idea to consult with a real estate professional who knows your market. What's hot in one area might be a total dud in another, and you want to make sure you're making the best choices for your home's value.

IMPROVEMENTS WITH LOW OR NO RETURN

THINGS TO AVOID

PLAN YOUR WORK, NOW WORK YOUR PLAN!

TIME TO GET THINGS MOVING

Alright, my friend, there you have it. The rundown on home improvements and your return on investment. The key takeaway? Every home and every market is unique. What works in one might not work in another.

The ultimate goal isn't just to sell your house. It's about maximizing your ROI, getting the most out of your investment. Home improvement projects, both big and small, can significantly impact your home's value. But, it's crucial to strategize wisely.

Remember, it's not just about what you love about your home. It's about what a potential buyer will love. Think like a buyer, and you're on your way to making smart, ROI-positive improvements.

DO YOU NEED HELP WITH PLANNING YOUR IMPROVEMENTS?

SCHEDULE A FREE IN-HOME CONSULTATION

We know how overwhelming the selling process is, especially when you have other priorities in life that you need to take care of.

Our FREE in-home consultation will give our home design team an opportunity to help you game plan your budget and ideas and effectively strategize your next steps to help alleviate the stress and worries on your side.

We simply want to make your life as easy as possible at NO CHARGE to you!

Fill out the form below and we'll confirm your consultation appointment via phone and email. Thank you!

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