12 Strategies to Boost Your Home's Value

12 Strategies to Boost Your Home's Value

As a real estate professional, we're often sought out for advice on enhancing a property's value before putting it on the market. Here are key insights from recent reports on home improvement projects and their return on investment, some of which savvy homeowners can tackle themselves.

1. Upgrade Your Flooring: The 2022 Remodeling Impact Report by the National Association of REALTORS (NAR) reveals that certain flooring upgrades top the charts in homeowner satisfaction. Refinishing hardwood floors and installing new wood flooring earn the highest "joy scores." From an investment perspective, these projects also offer substantial returns, with refinishing hardwood floors recovering 147% of costs and new wood flooring recouping 118%.

2. Expand Your Space: Adding square footage through home additions can significantly elevate your property's value. Whether it's a garage, sunroom, bedroom, or kitchen expansion, each addition can contribute to increased market appeal. However, keep in mind that these projects typically involve permits, inspections, and professional assistance from architects or engineers.

3. Revamp Your Garage Doors: Studies consistently highlight garage door replacement as a high-ROI home improvement project, boasting over 90% returns on investment. Upgrading your garage doors not only enhances functionality but also boosts curb appeal, a crucial factor in attracting potential buyers.

4. Enhance Your Kitchen: A minor kitchen remodel, such as updating cabinet fronts, hardware, and appliances, can work wonders. Energy-efficient appliances, mid-range countertops, and refreshed flooring are also impactful upgrades that add value and aesthetic appeal to the heart of the home.

5. Refresh Your Bathrooms: Focus on midrange upgrades like quality tubs, modern shower controls, solid-surface countertops, and ceramic tile flooring to revitalize bathrooms. Adequate lighting is another essential element that can transform the space and appeal to buyers.

6. Invest in Windows and Siding: While costly, replacing windows and siding can yield substantial returns, particularly in terms of energy efficiency and visual appeal. Consulting with local experts can help determine the best upgrades for your area's market.

7. Embrace Smart Home Technology: Integrating smart features like thermostats, security systems, and lighting controls can enhance convenience and energy efficiency, appealing to tech-savvy buyers and environmentally conscious individuals.

8. Freshen Up with Paint: A fresh coat of neutral, light-colored paint can breathe new life into rooms, making them appear more spacious and inviting. Addressing any visible imperfections like stains or chips further improves overall aesthetics.

9. Declutter Effectively: Decluttering can significantly improve a property's appeal. From large items to smaller belongings that contribute to visual clutter, a systematic approach can create a more spacious and organized environment that resonates with buyers.

10. Attend to Necessary Repairs: Addressing maintenance issues like broken fixtures, leaks, and insect problems is crucial. We partners with dozens of contractors in the Atlanta area to ensure our clients get the best service and quality work at a fair price.

11. Opt for Deep Cleaning: Professional cleaning services can ensure a home is in top condition for listing photos and showings. Attention to detail, including older appliances being spotless, adds to the overall impression of cleanliness and care.

12. Enhance Outdoor Spaces: Don't overlook the impact of landscaping on curb appeal. Tidying up lawns, trimming bushes, and adding seasonal flowers can create a welcoming exterior that entices potential buyers.

By strategically focusing on these areas, homeowners can maximize their property's value and appeal in the competitive real estate market!