If you’re looking for smart ways to improve your home and add equity in 2019 then these Top 4 Home Updates should be first priority. Homeowners thinking about selling might find extra money in their pocket by tackling a few of these prior to listing.
#1. Minor Bathroom Remodel
A minor bathroom remodel shouldn’t cost more than about $10,000 and includes things like, replacing a bulky tub, upgrading vanities and sinks, removing old shower doors to add the illusion of space, and adding new fixtures and paint. The typical ROI on this sort of project is 102% making it one of the most cost-effective improvements you can make to your home. Start with the master bath and then work through to secondary hall and guest baths to make sure your improvements align with homebuyer priorities.
First impressions are lasting impressions and adding some curb appeal to your home will not only make it a more enjoyable place to come home to, but it can also put more money in your pocket and result in a faster home sale. According to the American Nursery Landscape Association, the average homeowner spends about $5,000 on a landscape designer and materials with a projected ROI on this project at exactly 100%. Places like Palmer’s Garden & Goods offer workshops and tips for incorporating plants that are native to Florida. You can find some great inspiration on modern landscaping by checking out Homedit.com.
#3 Minor Kitchen Remodel
A minor kitchen remodel would include things like refacing cabinets, new countertops, new flooring, maybe some appliance upgrades and adding modern light fixtures. I’m a big fan of apron sinks and LVL lumber accents on the ceiling or in doorways/transitions. The average return for a Minor Kitchen Remodel is 98.5% and costs average around $15,000 making this the most expensive project on our list. Save money by sourcing materials yourself and find DIY cabinet projects on sites like Houzz.com or Pinterest.com.
#4 Exterior and Front Entry Improvements
It helps to think of your front entry as an outdoor living room when you’re planning a project like this. Adding shade, floor covering and additional seating can help create an entirely new dimension to your home exterior. HGTV estimates the return on an exterior or front entry project to be around 95.5%. Replacing old railings, redoing rotted siding, and adding a pergola or columns, are all simple ways to add some character to your home exterior.
Are you thinking about selling your home and looking for ways to add equity and maximize your returns? Let us work with you to make sure your home sells for the most amount of money in the least amount of time. Start by requesting a home equity update today at YourFloridaHouseSearch.com We’ve helped more than 100 families buy and sell homes with Orlando’s top employers including Lockheed Martin, Disney, Orlando Health, and more. Check out what our clients are saying and read how we’re a 5 Star rated Zillow Premier Partner.