Before you plan your renovation, you will need to determine your home’s asking price. Hiring an expert agent from MSM Luxury Estates will give you an accurate estimate of what your home is worth. We can appraise the position of your home's value in relation to other homes in the neighborhood. This is an important factor in determining how much you should spend on home upgrades. Please call us at 310-402-2258 for a free consultation.
Here are some interior design tips that will maximize the value of your home.
Update kitchen appliances
The most sought after room in your home is the kitchen. It is worth the most per square foot and will make the difference of your home appealing to buyers or not. If your appliances are more than 3-5 years old consider updating them. A newer model, a more designer finish, or more features will help home buyers take a second glance at your kitchen. For top of the line appliances consider stainless steel and professional series lines.
Floor Upgrades
If your home is valued between the top 5 and 10 percent of homes in the neighborhood, most upgrades won’t have much of an effect. However, an exception would be a floor renovation complete with hardwood flooring. This continues to be the most desired attribute that home buyers look for when purchasing a new home. In most areas, the highest valued homes boast beautiful hardwood flooring. There are many patterns and designs available for floor renovation projects, so make sure you ask your realtor for advice on upgrading your floors.
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Kitchen cabinetry makes the look
When you walk into a kitchen the first thing you notice is the cabinets. Cabinetry is at the top of the percentage of kitchen costs, but also shows the most return. Opt for wood over laminate surfaces and add custom features like crown molding, wine racks, glazing, and custom woodworking to set your kitchen apart from your competition. Reface cabinets and add door and drawer hardware for less expensive updating.
Find out what's happening in Beverly Hillswith free, real-time updates from Patch.
Outdoor Entertaining Spaces
One of the latest things in home renovations is a fully loaded outdoor cooking area. Not only does an outdoor area need to tie in with its backyard flawlessly, but it also needs to complement the new design of the kitchen. There are a number of options available for this idea. Many of them are purposefully chosen so that they coordinate well with the kitchen appliances and kitchen décor.
State of art audio and sound
Consider adding surround sound systems in your living areas as well as master bedroom area for a notch above your competition. If you are selling electronics with your home, plasma and flat screen televisions are a plus and media rooms are now becoming well sought after. Add seating areas for multiple screen viewing and add theater sound if considering a media room. These upgrades will be an amenity that adds value and buyer appeal.
Add value by upgrading your countertops
Any room you have countertops – kitchen, bathroom, bars, or utility rooms the more money you can spend into a higher end countertop the better. Plastic laminate countertops are considered the lower end grade, solid surfacing, concrete and granite is considered to be the higher end grade. Consider overlay countertops that are made from composite granite/resin combination for the look of granite at a fraction of the cost.
Eco-friendly homes bring in a higher value
In this green modern age, eco conscious upgrades have a big return on investment. From water saving plumbing fixtures to tankless hot water heaters, investing in the earth can add value to your home. Choose rapidly renewable resources for finishes like bamboo flooring and opt for systems that save on energy costs. Regardless of the method, green living upgrades are always worth the investment.
The more closets the better
At the top of buyers’ lists is always storage. The more you can provide the more value you add on to your home price. Make sure closets are fully functioning and are not being used to hold so many belongings that a home buyer can’t see how much space the closet offers. When choosing how to upgrade your home, storage is one of the easiest and often overlooked suggestions.
Source: Ronique Gibson and Emily Porter
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