Home updates that will increase your property value and bring you joy.
Are you thinking about sprucing up your home with some updates or remodeling? Making the right choices can not only enhance your living space but also provide a solid return on investment when it’s time to sell. Today, I’m sharing a few insights on which updates are worth considering and which ones might not give you the best bang for your buck.
1. Minor kitchen remodel. The heart of every home is the kitchen, and a minor kitchen remodel is one of the best investments you can make. Simple upgrades like painting or resurfacing cabinets, updating countertops with quartz, and replacing outdated appliances can significantly boost your home’s appeal and resale value. While a major kitchen remodel can be enjoyable, keep in mind that you may not recoup the entire cost when you sell.
2. Adding a deck. An outdoor deck is a popular feature that not only improves your living space but also offers a good return on investment. Homeowners love spending time on their decks, making it an attractive feature for potential buyers. Additionally, enhancing your home’s curb appeal by replacing siding and doing some landscaping can also yield a favorable return on investment.
“Making the right choices can enhance your living space and provide a solid return on investment.”
3. In-ground pools. While in-ground pools became trendy during the pandemic, they might not be the best investment for resale value. Adding a pool can cost a significant amount, ranging from $100,000 to $200,000, and it may not necessarily increase your home’s price. If you’re a pool enthusiast and intend to enjoy it for years to come, go for it. However, keep in mind that some buyers may prefer a home without a pool.
4. Expanding the master suite. Adding or expanding the master suite is a fantastic way to create a personal oasis in your home. However, from an investment perspective, it may not provide a substantial return when you sell. This type of project is best done for your own enjoyment and comfort, as the resale value might not reflect the full cost of the expansion.
If you have any questions or need guidance on renovating or updating your home, or if you have any real estate inquiries in general, don’t hesitate to reach out to me. I’m here to assist you and ensure you make informed decisions for your home. You can reach me at info@talk2tanya.com or call (703) 729-7001. I look forward to hearing from you!
