With an economy that is growing fast more, and more people, have money to spend on things like home renovations, or buying a new home. No matter what state you may live in there are signs that housing prices are growing steadily. In some places, the local housing market is growing so fast that entire new home communities are being built and sold quickly.
Homeowners benefit greatly during economic stimulation that effects Real Estate in their state, county, city, rite down to their neighborhood. If you are thinking about moving and want to capitalize on the booming housing market when you sell your home, then consider making some renovations that will boost the value of your home, measurably.
Kitchen Renovations
Renovating older, dated, kitchens can make a huge impact on price you can sell any property for. We have all heard the old saying “kitchens sell homes” and its true. Making potential buyers feel comfortable cooking and having family meals in the kitchen, can help sell a home faster.
Here are some easy ways to drastically improve any kitchen stuck in the stone ages…
- New Cabinets, both uppers and lowers. Most of the time it pays to simply replace all the cabinetry in the kitchen to fit the updated styles buyers will want. Plus, having brand new cabinets makes buyers feel like they are in anew kitchen they can make their won.
- New Flooring, making sure that the floors are brand new can go a long way towards ROI on any listing. You must ensure that installing new flooring is cost effective in your local market. Speaking with local Real Estate agents can help you determine how much you can spend on improvements, while maintaining the highest financial ROI. You can find custom wood like laminate flooring that looks amazing and costs under $3.00 per SQ FT. This is like what home flippers are using in 2020 across the nation, to bring older homes into the new age, with high end flooring, at bargain pricing.
- Upgraded Counter-tops, replacing old countertops is one of the best things you can do to renovate a kitchen. Let’s face it, the counter-top will get more use then any other surface in any home. It should make you feel at home, be durable, beautiful and long-lasting. Buyers expect higher end countertops like granite, quarts, or butcher block styles.
Master Bedroom & Mater Bathroom
Making sure the master bedroom and master bathroom have a wow factor can make or break any Real Estate listing. Homebuyers expect to have upgraded space here. New homes typically feature tall showers with upgraded glass doors, separate toilet, double sinks, and upgraded vanities. They also expect the bedroom to feel clean and comfortable and be somewhere they feel safe to sleep.
- Upgraded vanities are not expensive and easy to install. Making sure there are 2 sinks will be important since the homes selling for top dollar always have this standard.
- Try to match the kitchen countertops in the master bathroom to incorporate a smooth transition that matches throughout the home. It may sound simple but maintaining a design flow throughout the home is important to getting high market value and more money when you sell. These little things matter.
Add Swimming Pool
A great way to add value to any home is to add a swimming pool. This option may not be for everyone to do. In fact, it may work best for homes in sunny states, where pools can be used and therefore, add value. Places like Florida have thousands of homes for sale at any given time. It’s easy to see that a pool can add as much as $50k or more to a properties value.
There are many different types of pools you can choose from and may depend on your budget, the expected ROI, and how long it would take to install.
Above ground pools are cheaper but can take away value from some homes where they are uncommon. On the other hand, a custom in ground pool, that costs $50k, in the right neighborhood, can bring double that back in ROI.
Conclusion
Making home renovations can help you take advantage of the booming housing market by capitalizing on the equity that’s possible in your property. To unleash it you will need some money, a plan, and the persistence to get the job completed. Then you can bask in the financial freedom of making more money, on your home for sale, in 2020.
Loves home. I am here to provide how to make your home a much better place. 🙂 Blogging about HomeDecor, Home Improvements and more.
