Create the most value and benefit in various ways from your home improvements. The most common home renovation projects; with an substantial impact on aesthetic appeal can provide the most value for your home. When you purchase a property, you will need to upgrade features to sell it as an investment property.
Focus on the most common projects of common upgrades to include energy efficient, low maintenance, good quality and reasonable prices.
Some renovations are more likely to increase your property’s value immediately, while others will maintain and continue its value long term. Focus on the 5 Important Remodeling TIPS to increase the value of your home.
#1 PAINTING with Neutral Colors
Painting your home with light colors will add a freshness and style. It is recommended to paint with a neutral palette, such as grays, whites, and off-whites; are the most popular colors for the interior of your home. The most widely used colors of the neutral pallet are SW Agreeable Grey, SW Accessible Beige, or SW Urban Putty.
#2 KITCHEN REMODEL
It’s true, kitchens and bathrooms sell a home!
- Painting your outdated cabinets with a neutral color palette, the color white or grey will immediately renew the look and feel of the entire kitchen. It will be a pleasing aesthetic, contemporary, beautiful remodel. A bright new look will produce more value to your home.
- Updating your kitchen with energy efficient stainless steel appliances will update the look of the kitchen and provide more efficient and technology of the new selected appliance.
- Investing in updated features to consider a new countertop, appealing décor, easy to simple and maintenance friendly, such as granite or quartz.
- Consider replacing flooring with floor surfaces such as tile or wood for easy maintenance and durability. There are some amazing new products available now, such as plank style ceramic tile that looks like real hardwood flooring but is more durable and water resistant. There are some popular choice with beautiful colors to choose.
#3 BATHROOM REMODEL
Bathroom renovations are just as relevant as kitchen renovations. The remodel can be as simple as repainting walls, bathroom vanity or install a modern marble vanity top.
- A fresh coat of paint for the walls with a neutral palette colors as suggested will be light, airy, appear as a larger space with lighter neutral shades of color.
- Consider replacing the existing vanity with a new All-In one furniture bathroom vanity to include the granite top and sink.
- Consider replacing the flooring to a ceramic tile and select modern neutral choices to complement the new décor trends.
#4 ENERGY-EFFICIENT IS IMPORTANT
Energy-efficient homes by lowering the cost of energy in your home will be a positive selling feature when you sell; it has potential to raise the value of your home.
- Replace your light bulbs with energy-efficient LED bulbs. Not only does it emit less energy, but it gives off less heat, allowing your cooling cost to remain lower. This will positively impact your energy bill.
- Energy-efficient insulation is an important item that will add the highest value to your home. Installing eco-friendly options by insulating your attic with fiberglass, a blown-in insulation to increase the R-Value. Also, seal noticeably cracks with caulk. The areas of concern are around the doors and windows.
- Energy-efficient windows with an Energy Star certified low-E coating will not only save you money on your energy bill. It will represent the indoor and outside of your home more appealing.
- Some new options Buyers specifically search for in homes that offer renewable energy sources, such as solar, wind, hydro-powered energy, among others.
#5 UPGRADE NEW TECHNOLOGY FOR A SMART HOME
As an investment, high-tech systems are the expectations of Buyers; today’s market when looking for a new home.
- Integrated high-tech systems can make your home more secure by allowing you to identify who comes to your door through your cell phone. Monitor your homes temperature, lights, locks, with a touch of a button, wireless from anywhere. There are indeed higher tech savvy home devises to detect gas leaks, water leaks, fire and much more, therefore aids in home security and safety.
- Technology helps with functionality; home appliances, central vacuums, touchless water faucets. This is a buyer’s WISH list and will most defiantly add value to your home.
INVEST IN YOUR INVESTMENT
If you truly want to help your investment property to pay off, it needs to meet the demands of the buyers. In a housing market that’s on an upswing, you can make your investment property stand out from the crowd and determine the highest rates by making sure that you renovate the most important areas. Pay attention to these five projects to increase your ROI (Return on Investment) on your investment and achieve success sooner.
I’d love for you to connect with Pell Revive by following on Twitter, Instagram, or Pinterest. I’d love to hear from you! Just shoot me an email through my contact form {here}. Thanks so much for stopping by!