Improving your home’s value through strategic renovations can be a smart investment, often yielding significant returns when it’s time to sell. While a complete overhaul isn’t always necessary, focusing on key areas can make a substantial difference.
According to USA Today, the majority of homeowners see the most return from upgrading kitchens, bathrooms, and heating/cooling systems. In 2024, homeowners are spending more than $25,000 on home renovations and repairs. The upward trend has been influenced by growing communities and neighbors in the renovation process.Â
But, the big question always remains, what will I get or see out of a renovation when it comes time to sell my home?
Just like dating, the way to a persons heart is through their stomach – so, start in the kitchen!
The kitchen, often considered the heart of the home, typically offers the best return on investment. Refacing cabinets and replacing their handles, installing a new sink, and modernizing lighting fixtures can transform this crucial space.
Think about the small touches and details. Â A good cabinet scrub and replacing light switch covers or plates can easily brighten any room.
Take the time to focus on where you spend the most time: A Bathroom!
Bathrooms are another area where improvements can pay off handsomely. Consider installing dual vanities, updating fixtures and lighting, adding storage space, and replacing old tiles to create a more functional and appealing space.
Interior projects, like primary and guest bathrooms saw a 38% increase in spending, according to Architectural Digest.
Remember, home selling always starts at the curb!
Don’t underestimate the power of curb appeal; first impressions matter. Landscaping improvements, repainting the exterior, updating the front door, and adding outdoor lighting can significantly enhance your home’s attractiveness from the street.
Take note of: Roofing and garage doors yield 100% ROI. Energy-efficient upgrades are equally as vital for the cold Kansas City winter and extreme heat summers.
In today’s tech-savvy world, smart home technology is becoming increasingly desirable. Consider installing smart security systems, programmable lighting, and automated climate control to appeal to modern buyers.
While some areas have communities with neighborhoods, some communities offer a lot of amenities full of enjoyment and social gatherings all year long. A We can be an invaluable resource in your home selling journey, offering honest and transparent advice before you even pick up a hammer. Our experienced real estate professionals understand the local market dynamics and can provide tailored guidance on which improvements are likely to yield the best return on investment for your specific property.
If you decide to proceed with home improvements, The Gresham Group offers a curated list of preferred vendors on our website. These trusted professionals have been vetted for quality and reliability, ensuring that you have access to skilled contractors, designers, and service providers who can help bring your home improvement plans to life efficiently and effectively.
