If you are looking to do some renovations and get a high return on your investment there are quite a few things you can do to increase chances of getting your return back. Whether you are looking to do something big or small there are plenty of options to choose from. Which projects are worth your money?
Curb Appeal, Curb Appeal, Curb Appeal:
It’s not just how a house looks on the inside that attracts potential buyers; it’s the outside that matters as well. Does your home need a facelift? Maybe the old paint on the house is chipping away, or the roof has some issues, there are options on how to make this better. New vinyl siding for the house, a fresh coat of new paint, or repairing failing brick work are very appealing to potential home buyers. A new roof is the best way to get your money back in a return, a roof with leaks or that is falling apart isn’t appealing in anyway. Updating your garage door and windows will also pay off in the long run, and make things more efficient. Keeping the outside of the home looking nice by cutting the grass, trimming hedges, keeping windows clean can also attract the eye of a potential buyer.
Potential buyers are always attracted to a beautiful updated kitchen. Replacing old laminate counter tops to granite, getting rid of outdated appliances, customizing cabinets. Finishing touches, like custom backsplashes, a farmhouse sink, a touchless faucet, and even the right hardware on cabinets, and drawers will make this project well worth the return. If you want to increase the return on your kitchen investment, consider adding an island and possibly removing a wall to create an open concept.
The bathroom situation in renovated homes is a big selling point. Bathrooms with big oversized showers are very popular today. But if you want to appeal to a larger audience perhaps installing a smaller shower is a better course of action, so that you can allow for an oversized jet tub. Let’s face it, the bathroom is where most people like to relax at the end of a day and collect themselves. Designing your bathroom after a spa is a common theme in the market today to allow maximum relaxation. Some bathrooms are better suited for his and her sinks with a double vanity. However, if you don’t have the room for a double sink, consider investing in the finishing touches of the bathroom such as a high end mirror with excellent lighting, and maximizing cabinet or storage space.
Extra Bedrooms, Added Space:
Adding an extra bedroom or two, adding a family room, a beautiful master suit, finishing a basement, or an attic for more livable space is also a great way to get your return on your investment. Potential buyers may like the added space, and not having to do much just move in.
Interested in market research and popular trends for renovations in the Memphis real estate market? Contact MH Akers Custom Homes today so that we can help you get ideas for your home to help maximize your investments in home renovations.