7 Home Reno’s That Will Increase Your Resale Value Big Time

By Selling September 21, 2018

You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most.

We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI. All of the projects on this list were chosen for their ability to produce high ROI as well as create a more desirable home. Remember – it’s important to make money. But it’s also important your house doesn’t sit on the market for a year.

Make these updates and you should fetch a high sale price, quicker than you would otherwise.

Remodel Kitchen

kitchenThe decision among real estate experts about where you get the highest ROI renovating your home is unanimous. The answer is in the kitchen. For some reason people just want nice kitchens and care about it more than the rest of the house… Maybe it’s because that’s where people like to entertain guests.

Your main priority when renovating a kitchen should be layout. Creating a structure (or bones) that is functional and can easily be updated is super important. It’s one thing to replace a counter-top and cabinet doors. It’s a different story to completely renovate the whole kitchen.

Once you get the structure out of the way, search for materials that have a high quality look without a big price tag. You can make a space look modern and luxurious without having to use marble and granite.

I have seen so many people put in expensive goodies and never fix the bad flow. Spend the money on the layout — it never goes out of style. If you have a great layout, plugging in new appliances, hardware and cabinets can be quick and easy.

Update Bathrooms

bathroomBathrooms are the second place buyers typically place the most value in a home. The good news is that making updates to a bathroom doesn’t have to cost a fortune. En-suite/master bathrooms are the most important. As they say, it’s where the magic happens. Cast a spell on potential buyers with a beautiful en-suite. That was really corny I know…

 

 

 

Re-do Plumbing

plumbCan we say structural problems? This is the #1 worry of all potential buyers. No one wants to move into a beautiful new house and have a disaster occur two or three months down the road. Re-doing your old piping and updating it to a newer plastic solution is a huge selling point. This removes some of the potential fear that comes with buying a home.

 

 

 

Remove Paneling and Stucco

panelWood paneling and Stucco are common in older homes. Mainly because when it was popular, we didn’t have walls without imperfections like we do now. Not only are these two things ugly, they also show potential buyers that you lack the ability to update your home. “If you can’t update this, what is is lurking?”

Spend the time and money to update your paneling walls and get rid of the Stucco.

 

 

Attic Renovation

atticAttic renovations are a popular choice among DIY projects as expenses can be minimized. In many houses you will have the bones for a room. All that is required of you is putting up walls and handling the cosmetics. Updated attics can sometimes be a stronger selling point than updated basements.

 

 

 

Replace Siding

sidingSince curb appeal is so important, it makes sense to focus on the biggest factor. The outside of the house. Everyone knows the dingy, yellow siding that used to be white 60 years ago look. If your house looks like that – sorry. It’s time to update.

For those on a budget you can also try power washing. Power washing sometimes brings better results than you could imagine. And it barely costs anything.

 

 

New Garage Door

garageIn addition to replacing/refreshing your siding and landscaping well, your garage door can play a big part in selling your house. It’s another element of curb appeal that can draw in or turn-off potential buyers.

Luckily, new garage doors re-coup on average 80% of their investment in the long term. Basically, it will help you break even (or make money) while making your house more desirable.

 

 

In Conclusion

You want to sell your home in the least amount of time and for the most amount of money possible. The way to do this is by performing renovations with a high ROI. In addition, you want to focus on the most desirable updates. Doing so will ensure you attract more interest on your property.

Each of these on the list may not be necessary or feasible with your budget. Remember that curb appeal, kitchens and bathrooms are important. If you can focus on nothing else, focus on those things. These projects will reduce your risk of losing money in the renovation process and also help you sell quicker.

 

Need more information on selling your home in the (insert community name) area? Give me a call!

About the Author
Jose Peralta
Jose Peralta
Since 2006 I have been a leading Realtor in the Los Angeles area. Having closed hundreds of transactions, and winning various awards, I am honored to as licensed Associate Broker be in the Re/Max “Hall Of Fame” for sales production. Through my career I have built deep relationships within the real estate community as well as highly successful business’ and investment groups. I have vast experience in traditional real estate sales, investments, flip properties, and other aspects of real estate As a personal touch agent with extensive market knowledge and complete devotion to my clients my success is based almost exclusively on positive referrals.

Specialties Include: negotiating contracts, providing detailed analysis of specific market areas, sales and marketing, relationship building, flipping properties and real estate investment strategies.

While going to college I began working for a company in Los Angeles that produced ink and toner cartridges. I began there in purchasing and worked my way up to manage and lead the production department. I oversaw all of the purchasing for the company, oversaw the inventory and scheduled production lines according to sales. After working with the company for 3 years I moved down to San Diego and worked for a sales company within the same industry as their international sales manager. There I helped build new relationships with various people in foreign markets. I specialized in creating collection programs with companies in Spain, South America, Mexico and Central America. This position gave me time to craft my sales skills and learn how to apply them. Shortly after that I became part of a start up team and created my own company. We worked hard as a start up and within a few years built a profitable multi-million dollar ink and toner cartridge business. The company focused on collecting empty ink and toner cartridges from other countries. We also created fundraising programs with local schools throughout the United States. We helped local schools in various parts of the country to organize their students and staff to bring in recyclable ink cartridges, toner cartridge and cell phones and receive a donation for them. We also implemented the program with various Chambers of Commerce. The company was later successfully merged and I stayed on to consult for some time. During this time I started to get a passion for real estate. I began with investing in some duplex properties and decided I wanted to learn more and get more involved. I started working at Re/Max and was mentored by an agent that had over 15 years of experience. Under her mentorship I came to appreciate and love the ability to help clients with their real estate needs. I started a team and have always stayed focused on putting my client’s needs first. Real estate can be intimidating even for a seasoned buyer and seller. I pride myself in working closely with my clients to try to make the process as seamless as possible. I am responsible for building and maintain relationships with potential buyers, sellers and investors. Although I started in a down market I have seen nothing but growth within our team.