Are you looking to boost the value of your home this year? Maybe you’re ready for an upgrade yourself, or maybe you’re looking to maximize your resale value. Either way, we have five home renovation projects that will add instant value to your home.
1. Kitchen Remodel
Your kitchen offers the biggest bang for your renovation buck. While most rooms are just floors, walls, and ceilings, your kitchen is full of personality! Cabinets, countertops, appliances…there are so many opportunities to impress…or disappoint.
The secret to a profitable kitchen remodel is to match the quality of the materials to those expected in your market. If homes in your area are comfortable with high-end laminate counters, you’re probably not going to recoup your investment by installing quartz. But if buyers in your demographic expect stone counters, a laminate would leave them wanting. Your countertops, fixtures, and appliances should all be suited to the buyers in your area to get the best returns on your investment.
2. Upgrading the Bathrooms
Similar to kitchens, bathrooms provide lots of opportunities to incorporate personality. The vanity, tub/shower, toilet, faucets, and light fixtures all make a big difference in the impression your bathroom makes on visitors and potential buyers.
Upgrading the bathrooms to match current home decor standards for your local market is one of the best home renovation projects for adding value to your home.
3. Boosting the Curb Appeal
The view of your home from the street is the first impression people get of your home. If you’re considering selling, curb appeal is especially important because the photos of the front of your home will be published across multiple home search websites, enticing potential buyers to click on your listing.
A fresh coat of paint is an inexpensive way to add value to your home. Clean, well-maintained landscaping can also make the home feel more inviting.
4. Improve Energy-Efficiency
Energy-efficient homes are in demand, not only because they help protect the environment, but also because they reduce utility bills. There are a few ways you can increase the energy efficiency of your home and boost your home’s value, including:
Adding solar panels to generate solar energy.
Upgrading to energy-efficient appliances.
Changing from old single-pane windows to double-pane windows, which provide better insulation.
5. Add an ADU
Since Governor Newsom signed legislation allowing property owners to build accessory dwelling units (ADUs) on their single-family lots, homeowners have been cashing in! You can convert a garage space or spacious shed into a rental unit, for example. Or even build a new dwelling from the ground up. California homeowners can generate passive rental income from their ADUs, which adds value to the property as a whole.
Find Out What Your Home is Worth
Has it been a while since you last had a real estate professional provide a value estimate of your home? Contact the experts at Sequoia Real Estate today for a free, zero-obligation estimate. We can even discuss home renovation options that could maximize the value of your home. Contact us today!