Top Renovation Ideas With Good Returns on Investment
If you ’ re looking for inspiration on certain home renovation ideas that typically provide a higher ROI , below are some options you can consider :
Kitchen Remodel
Kitchens are a highly functional room in the house that almost everyone uses regularly . Because of this , making sure your home has a modern , optimal layout can be essential when trying to receive maximum value for your property when you sell it .
The great thing is that you can make a wide range of improvements that have a strong ROI . These upgrades include refacing cabinets , installing modern countertops , or updating major appliances to energyefficient and stainless steel models .
Bathroom Remodel
Another major selling point for modern homes is having a greatlooking bathroom . Many older homes have relatively basic or outdated bathroom layouts with oldermodel fixtures . Bathroom remodels can be another great way to completely change a small room in the house and see a big return in terms of increased value .
Curb Appeal Enhancements
When getting ready to market and sell a property , the first impression you give off can be a major deciding factor for home buyers .
Because of this , you may want to consider investing in certain exterior improvements of the property to give it better curb appeal . This could be done in a number of different ways , such as maintaining the lawn and planting flower beds , upgrading the front walkway , or installing a gazebo .
Energy Efficiency Upgrades
Most modern home buyers are looking for properties that will help them live more sustainably . Energyefficient homes are a great way to save significant energy consumption costs while assisting individuals to reduce their carbon footprint .
Evaluating your property and looking for ways to upgrade HVAC systems , lighting , solar panels , or other energyefficient addons can be a great way to attract additional buyers to your property .
When to Consider Selling a House AsIs
Although it may seem that all types of renovations can improve a home ’ s value , not all projects may be worth taking on before selling your home . In a seller ’ s market where demand is high , you may not need to consider making too many improvements in your home and could simply sell the house asis .
Some properties also have certain architectural details or historical significance that are highly sought after on the market . In these situations , home buyers may prefer to keep the home in as much of its original state as possible . Before committing to a certain type of renovation , it can be wise to speak with a real estate professional who can provide practical advice on where and how to prioritize your renovation projects .
Make the Right Choices When Renovating Your Home
Choosing to renovate your home can be a great investment in the longterm value of your home while letting you enjoy updated living spaces and improved functionality on the property . However , it ’ s important to make sure you ’ re making the right investments when it ' s time to start a new renovation project .
By taking the time to understand the potential ROI of your renovation projects , you ’ ll make sure you ’ re making smarter decisions about the look and feel of your home while helping to improve the value of your property over time .
MEET MICHAEL ALLADAWI
Michael Alladawi , CEO and Founder of Revive Real Estate , is a Southern
California real estate veteran with a proven track record as a builder , investor , and respected home flipper . Michael created Revive Real Estate to share his industry knowledge and help homeowners maximize their profits when selling their homes . Michael ' s passion for his work is as big as his desire to create lasting partnerships . For Michael , it all comes down to how much value one offers , both in business and life relationships .
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