Three Essential Upgrades to Increase your Home's Value

By Dylan Suitor

My true passion is to create generational wealth; generational wealth for my family, my future family, for my friends and of course for our clients. Whether you are a first-time or seasoned investor, looking for single family investments, duplexes, tri-plexes etc, multi-family investing, student rentals, vacation homes or a rent to own. I can assist you in getting started and teach and guide you on how to grow your own portfolio. I have focussed much of my attention over the last few years really understanding the process involved, in order to best serve you, our client.

When preparing your house for sale, you may be led to believe that the more upgrades you make, the higher the price you can list for. However, not all home upgrades are created equal; some will have you pouring money down the drain, while others will get you immediate resale value. Understanding which projects to take on can help you make thousands of dollars more. Plus, the spring and summer tend to be the best times of year to get the highest price for your property. Since spring is just around the corner, that means you should make these upgrades now if you want to sell your home in the next six months or so. With that out of the way, what home improvements should you do if you want to get a fantastic return on your investment?

1. Add more usable square footage. According to a 2020 survey by HomeLight, the need for more space was among the top reasons why people move. Projects such as creating a home office space, building an open floor plan, and finishing your basement can give you that additional space that buyers want nowadays.

The National Association of Home Builders (NAHB) identifies home offices as one of the new design trend interests in 2022. In addition, the NAHB found that 85% of buyers want an open layout between the kitchen area and the dining room. Lastly, finishing your basement can increase your ROI by 70%.

2. Improve your curb appeal. One of the best ways to improve your home’s curb appeal is by focusing on your landscaping. Make your home look more enticing by adding healthy plants and blooming flowers to your yard. To make even more of a statement, slap a fresh coat of paint on your house’s exterior. However, not all changes have to be big and grand. Sometimes small details like updating your mailbox and house number will catch the attention of buyers.

3. Appeal to both men and women. Men and women often look for different things in a property. When we do a custom home evaluation for you, we’ll make sure your home is ready for both a nice man cave and a personal spa day.

Home improvements can be expensive, so you want to make sure you’re investing in the right projects. If you’re looking to make a move in the spring or summer, feel free to call or email me. I’m happy to give you real estate advice and help you get the best value for your home.