Over-Improving your Home
It may seem that the more upgrades and remodeling that you do to your home, the better, however this is not always the case. You need to be wary of over-improving your home; what if you decide to sell in the future? You could be investing money into changes and improvements that don’t actually enhance the overall value of your property when it comes to reselling your home.
Thinking of upgrading or updating your home? Keep the following tips in mind:
Return on Your Investment
Upgrades on kitchen and bathrooms are most likely to offer best return on investment, according to real estate staging experts. Prospective home buyers often look for second bathrooms, quality appliances, and high-end finishes when searching listings and touring homes. Focus your resources in areas that need improving first, before moving on to cosmetic or updates to improve the overall valuation of your property. Buyers are often seeking the wow-factor when it comes to a home's kitchen when shopping around for real estate.
Aim for Consistency
It also helps to avoid updates that will make your house stand out like a sore thumb- especially if you plan on selling the property in the future. Experts advise that you choose upgrades that are consistent with the neighborhood; that is, go for enhanced curb appeal but create cohesion with other properties nearby. Some extravagant or over-the-top improvements may actually be restricted or prohibited by the local zoning board; know the rules and get permits before breaking ground on your upgrades to prevent problems later.
Keep Things Neutral
Unless you will be staying in the home for the rest of your life, keep your upgrades and improvements neutral. Be modest with the changes that you make and try to keep a neutral color palette, if possible. While a crazy color may be appealing to you, it may not be as alluring to others; if selling, it is important to try to attract as broad of a buyer audience as possible. Unconventional or unexpected upgrades may narrow the field of buyers which impacts how quickly the property sells when listed.
Reach Out to Learn More
It is okay to ask for help; arrange a complimentary consultation with a professional home stager for the latest advice regarding upgrades that make the most sense for your distinct property. They may be able to assist in finding the most ‘bang for your buck’ when it comes to making improvements to your home.
Thinking of selling your home or property? Talk to the real estate professionals at Team Hensley in Richmond and Midlothian, VA. They can help guide you in terms of home improvements that make sense- and that will increase revenues when it comes time to sell. Looking to buy a property, instead? Let Team Hensley help you with that, as well; they have their finger on the pulse of the real estate market widely. Put their experience and expertise to work for you! Call to learn more and schedule a consultation today.