Adam Roche's Blog
4 Improvements That Increase the Value of Your Home
Home improvement projects add useability, beauty and convenience to your house, and those characteristics make the house more desirable to potential buyers. If you’re considering a home improvement project, here are four that will increase the value of your home.
1. An Addition Increases Square Footage
One of the most impactful home improvements you can make is putting on an addition. Whether a family room, bedroom or home office, an addition adds useable square footage to your house -- and extra space is something that every prospective homebuyer can appreciate.
While not a perfect measure because value varies with the type of room, you can roughly estimate how much value an addition would have by multiplying the average sale price per square foot in your neighborhood by how many square feet an addition is.
2. A Finished Basement Increases Useable Space
A cheaper alternative to installing an addition, finishing a basement is relatively easy and likewise increases useable space.
Exactly what constitutes a finished basement can vary. You might simply want some shelves, carpeting and a few games, or you may want a full in-law apartment that’s complete with a bathroom and kitchenette. However you finish your home’s basement, though, the project will add value because anything is more useful than undeveloped storage space.
3. A Complete Kitchen Remodel
If you’re tired of cooking in an outdated kitchen, remodeling your kitchen will improve your day-to-day experience and let you recoup some of your investment. You probably won’t get the full cost of a kitchen remodel back when you sell your home, but you can regain most of the improvement’s cost if you’re wise in the changes that you make. Additionally, a remodeled kitchen can help sell your house faster if you’re in a slow real estate market.
4. A Master Bathroom Remodel
A house’s master bathroom is usually one of the three main rooms that potential homebuyers look at (with the kitchen and master bedroom being the other two). Thus, a master bathroom remodel is an improvement project that many will appreciate and be willing to pay for.
When you remodel a master bathroom, consider what high-end aesthetics and luxury features would add the most perceived value from someone else’s perspective. Then, pick the ones you think will have the biggest benefit and that you personally like.
Ask a Real Estate Agent
For help deciding how to approach any of these home improvement projects, get in touch with one of our real estate agents. We’re professionals who every day see what attracts prospective homebuyers, and we’d be glad to help you design an improvement that will add true value to your home.
Looking to buy or sell a house in the near future? Hire a real estate agent, and you should have no trouble achieving the best possible homebuying or home selling results.
Ultimately, there are many great reasons to trust a real estate agent throughout the homebuying or home selling journey, including:
1. A real estate agent boasts comprehensive industry experience.
When it comes to buying or selling a house, there is no reason to work alone. Fortunately, real estate agents are available who possess extensive industry experience and understand what it takes to buy or sell a home, regardless of the current housing market's conditions.
An experienced real estate agent is easy to find – all you have to do is search.
With a simple online search, you can discover dozens of qualified real estate agents in your area. Then, you can reach out to local real estate agents and find one who can help you navigate the homebuying or home selling journey.
2. A real estate agent can help you accelerate the process of buying or selling a home.
The process of buying or selling a house can be time-consuming. Conversely, a real estate agent understands what it takes to streamline the homebuying or home selling cycle.
For a homebuyer, a real estate agent will help this individual discover a great home in no time at all. In fact, a real estate agent will set up home showings, keep a homebuyer up to date about new houses as they become available and ensure a homebuyer can narrow his or her home search. That way, a real estate agent will make it simple for a homebuyer to quickly and effortlessly complete the property buying process.
On the other hand, a real estate agent will help a home seller add a property to the real estate market and optimize the property's value. This housing market professional will even negotiate with homebuyers on a home seller's behalf to boost a seller's chances of generating a profit from a home sale.
3. A real estate agent knows how to handle tough situations.
Buying or selling a house should be a fast, seamless process. However, this rarely, if ever, is the case.
Luckily, a real estate agent knows how to handle difficult situations and ensure a homebuyer or home seller can overcome assorted hurdles. He or she can help an individual alleviate stress and proceed with confidence throughout the homebuying or home selling journey.
If you need a helping hand as you get ready to buy or sell a house, it pays to collaborate with a real estate agent. This housing market professional is a real estate expert, and as such, will do whatever it takes to help you accomplish your homebuying or home selling goals.
Employ a real estate agent today – you'll be happy you did. With a real estate agent at your side, you can increase your chances of enjoying a successful homebuying or home selling journey.
Want to add your condo to the real estate market? As a condo seller, you'll want to do everything possible to prep your residence so you can streamline the property selling process. Fortunately, we're here to help you do just that.
Here are three tips to help you simplify the condo selling process.
1. Conduct a Property Appraisal
What you paid for your condo a few years ago is unlikely to match what your residence is worth today. Therefore, a condo seller should conduct a property appraisal to understand the true value of his or her residence.
A property appraisal may prove to be exceedingly valuable for a condo seller. This appraisal ensures a property expert will examine your residence both inside and out and help you uncover any problems with your condo. Then, you can allocate the necessary time and resources to complete any condo repairs or mainteanance to boost your property's value.
With a property appraisal, you can learn about your condo's strengths and weaknesses and plan accordingly. You'll also be able to establish a "fair" price for your home based on your property's condition.
2. Declutter Your Condo
For condo sellers, decluttering a property is paramount. With a clutter-free condo, you can make it easy for condo buyers to envision what life would be like if they purchase your residence.
To declutter a condo effectively, you'll first want to remove any personal belongings from your property. Antiques, photographs and other personal belongings can be put in storage until your condo sells.
Furthermore, don't forget to clean your condo's interior as much as possible. A pristine interior can boost your condo's chances of making a positive first impression on property buyers as soon as they walk through the front door.
If you need extra help with condo cleaning, don't hesitate to hire a professional cleaning company. By doing so, you may be able to transform an ordinary condo into an awe-inspiring property.
3. Work with a Real Estate Agent
When it comes to selling a condo, why should you be forced to leave anything to chance? Conversely, work with a real estate agent, and you can take the guesswork out of selling your condo.
A real estate agent with condo selling experience understands what it takes to promote a residence to the right groups of property buyers. This real estate professional will go the extra mile to ensure you can move quickly and effortlessly through the condo selling process.
For example, a real estate agent will set up condo showings and open houses. These events will make it easy to showcase your residence to property buyers and increase your chances of receiving multiple offers on your condo.
A real estate agent also serves as a housing market expert. He or she will be ready to respond to any condo selling queries, at any time. That way, you can receive the support you need to make informed condo selling decisions.
Leverage these tips, and you can simplify the condo selling process.
When it comes to finding the ideal neighborhood for your next home, there's no "one size fits all" formula.
While some people enjoy the hustle and bustle of an urban environment, others prefer a quiet family-oriented neighborhood in the suburbs.
Whatever your preferences, convenience is near the top of just about everyone's priority list. Here's why:
Closeness to Work: Long, daily commutes are not only stressful, but they can cause you to miss family dinners, school events, and relaxing evenings at home. There's also the added cost of gasoline, highway tolls, and wear-and-tear on your vehicle. If you happen to be leasing a vehicle, then long commutes could result in additional mileage charges at the end of your lease. Although car leases vary, exceeding the mileage allotment set by the leasing company can sometimes run you as much as 25 cents a mile. That can potentially add up to a hefty surcharge!
While there are a lot of reasons to look for a home that's relatively close to your job or business, quality of life issues are among the most important. As an example, if your daily commute is 45 minutes, each way, that adds up to an hour-and-a-half on the road. If you factor in occasional traffic jams, road repairs, and other inevitable delays, you're talking about more than eight hours a week just driving back and forth to work. It's equivalent to adding an additional work day to your week! Although it's not always feasible (especially in two-income households), there are major advantages to finding a house that's less than a half-hour commute to your job(s).
Proximity to Conveniences: Life will also be easier if you live close to a well-stocked supermarket. When you shop at a large, high-volume grocery store, prices are more economical and food tends to be fresher. Corner grocery stores and pharmacies are nice to have nearby when you just want to pick up a few quick essentials, but for selection, price, and freshness, supermarkets are usually your best bet!
Other desirable locations to keep in mind when house hunting include good-quality schools, reputable childcare centers, and proximity to family and friends. Depending on your lifestyle, you might want to be close to airports, major highways, recreational facilities, and entertainment. It can also be an advantage to choose a home near medical and dental offices, a veterinary clinic, and a preferred church, synagogue, or mosque.
When launching a search for your family's next home, the key to success is to stay focused, create detailed priority lists, and work with a seasoned real estate agent. Whether you decide to live in a rural area, suburbia, or downtown, a real estate agent has the knowledge, training, and negotiating skills to help you get a good deal and match your lifestyle goals with your budget and timeframe.