A home is not only a sanctuary for you and your family – it is also a sound real estate investment that grows over time. Naturally, you will want to make this investment grow so making the right moves can help to raise your home’s value. These moves include choosing the type of improvement to make in your home.
Note that not all home upgrades are created equal. Some may require you to shell out more money than you’re used to, only to result in a painfully small ROI. Thus, we’re sharing with you four great home renovation ideas that will not only improve your living arrangements but will also bring you better profits come resale time.
Building a deck
Introducing an outdoor living space, such as a deck, can considerably boost home value. If you decide to sell down the line, you can reclaim as much as 60% of costs — possibly more — from this improvement.
If you’re good with tools and construction materials, you can opt for a do-it-yourself deck. Working on this project on your own allows you to save on expenses. However, if you’re batting for stress-free and fewer injuries from hitting your fingers with a hammer, hiring a professional contractor may be the better alternative.
Converting a room
Got a vacant room in your home with no specific use? Or an attic that’s just gathering dust and cobwebs? Good news: converting these rooms into something more useful and fun can reap benefits.
For instance, you can turn that attic into a guest room or a kiddie playroom. Your basement can be transformed into a home theater or a game room. There are a number of ideas you can play around with, depending on your hobbies and interests.
Additionally, rather than converting a room to fit just one purpose, consider combining different uses for greater room versatility. This can entice different types of buyers come selling time, essentially expanding your potential market.
Creating custom closets
A custom closet can elevate the look and feel of a home. This level of personalization not only creates a richer experience for you, but it also impresses upon prospective buyers that your home’s worth shouldn’t dip below a certain price point.
This particular improvement will cost you a couple thousand dollars on average; even more if you want to go for a deluxe look. However, the returns are also greater come resale time.
Updating and repairing consistently
Sealing up a leaky roof, applying a fresh coat of paint to the kitchen, and eradicating mold and mildew — to name a few — can keep your home in the best condition possible. These standard repairs and updates help to assure that your home keeps you comfortable, safe, and protected throughout your stay here.
The bonus is that when you put your home up for sale in the same optimal condition, potential buyers will also be assured of the same arrangements you enjoyed here. This high degree of livability is what you can use as a bargaining chip once negotiations for its sale take place.
Need more advice?
There are more tips and tricks I can share with you so that you can avoid making costly mistakes in the choice of upgrades for your San Francisco home. And when you decide to put it up among the homes for sale, feel free to reach out to me, Amir Hardy. Let’s make your San Francisco real estate reel in a great deal! Call me at 415.602.0570 or send an email to amir(dotted)hardy(at)compass(dotted)com so we can discuss the possibilities.