For a home to grow in value, it not only has to be well-maintained and in a desirable location, but it often must change to reflect the times. |
Wood burning stoves are charming, to be sure, but linoleum floors, shag carpeting, and cramped bathrooms aren't going to put you in a competitive marketing position. In order to increase the value of your home and sell it in a timely manner, you might have to make a few updates to modernize the real estate.
The room in your home that holds the most value and is the first to attract buyers is the kitchen. Unfortunately, this is also the room that is most often outdated and can be expensive to renovate.
There is hope though; even small renovation investments in kitchens can help turn over much larger profits. For example, a five thousand dollar makeover may not seem like much, but it can generate nearly double the profits in some instances.
When renovating real estate, you'll want to focus on maximizing space and lighting as well as keeping things relatively simple and sleek.
Current trends include large tile or wood floors in neutral colors, marble or polished concrete countertops, and stainless steel appliances.
If you're on a budget, focus on areas that are the most damaged such as countertops. Polished concrete mimics the look of marble, but is much cheaper, creating a dramatic impact at a fraction of the cost.
Similarly, bamboo floors are eco-friendly, look nearly as good as wood, but are much more cost-effective.
The second most important real estate feature is the bathroom. Generally, the more the better, so if possible expand a half bath or add an additional if your home is lacking.
Large granite tiles are popular for making over floors, baths and showers. If possible, replace old fixtures such as chipped porcelain sinks or stained tubs.
Re-glazing showers or tubs is a budget alternative. It's also important to evaluate lighting. Add overhead or recessed lights above the sink, as well as emphasizing any natural lighting with fresh window dressings.
Real estate renovations can certainly add up, which influences many people to attempt these projects on their own. While some people have the experience and talent to lay down tile or install new cabinets, the average home owner will find it much more cost effective and safe to hire a professional.
Hiring an expert will save you time and money in the long run. Novices often make costly mistakes that need to be redone and have difficulties sticking to deadlines.
And although professionals still make mistakes, a good contract can ensure that you won't pay for them. It's always best to try and get the project done on time and correctly the first time around.
Improving your real estate doesn't have to be a nightmare. By choosing one or two areas to focus on at a time, and by starting early, you'll make your home more saleable and increase its value.
You must focus on maximizing space and lighting as well as keeping things relatively simple when renovating real estate. A preferred real estate center or realtor can help you sell your home by providing help with renovating, listing and pricing. Visit www.preferredrealestatecenter.com.
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