Can Home Remodeling Increase Your Property’s Worth?

If you want to sell a real estate property, especially a home, you will hear all kinds of suggestions on how to increase the value of that property. One of the most common pieces of advice you will come across is to get the home remodeled. Yes, it is true that better looking homes tend to sell for a higher price. The buyers know that they won’t have to invest too much into it, and it looks appealing as well.

The problem is some sellers often forget that there is a limit to how much remodeling can enhance the overall worth. There is no point spending $1000 just to get a $500 increase in the value. So, as real estate experts, we suggest to our clients to keep a balance. Our recommendations, of course, vary from property to property but here are a few things you should keep in mind.

• Focus on improvement, not enhancements – You can get the latest smart faucets fitted all around the house, but remember these features may not pay off in every neighborhood. It is better to focus on improving the functional aspects rather than upgrading or enhancing them unnecessarily.
• Know the focus areas – Speaking of functionality, remember that the kitchen and bathroom are the areas people really look into. Don’t spend on fancy appliances, but on the way they are arranged together to ensure a smooth workflow.
• Light it up – Lighting can make the best paint job look lousy, and the worst look artistic. So, instead of spending a fortune on paint, make sure the lights are flattering enough.

Once again, it’s all about the location and the kind of demographic you are marketing the real estate property to. Our experts can help you find out what exactly needs to be done to make your property worth more without spending a lot.