Best Property Improvement Investments, Water Damage in Mt. Laurel NJ, Fire Damage in Mt. Laurel NJ,

8/22/2017 (Permalink)

Best Property Improvement Investments, Water Damage in Mt. Laurel NJ, Fire Damage in Mt. Laurel NJ,

Best Property Improvement Investments, Water Damage in Mt. Laurel NJ, Fire Damage in Mt. Laurel NJ,

Renovating your Property is a numbers game. How much do you have to spend to fix up your Property and what will it get you in return? When is it worth it to spend more on high-end finishes to get a better return on investment (ROI)? What are the best renovation projects and features that will appeal to the widest range of buyers when you decide to sell?

Home buying and design style are intensely personal choices, and not everyone will love the changes you make. 

By swapping out certain elements in your home, adding keywords to your listing, and playing up certain aspects of your house, you may be able to increase your resell value and sell your home faster.

Kitchen updates

The kitchen is one of the places that buyers look closely at when considering whether or not they will purchase your property. A full-gut kitchen renovation averages a 75 percent return rate (i.e., average cost: $30,000; resale value/ROI: $22,500). However, you may be able to get more or less value depending on what parts you choose to renovate and which you leave as-is. Let’s take a look at individual updates and keyword listings to see what may be more worth your time and money. 

Bathroom updates

Bathrooms are also a big factor home buyers consider, especially when it comes to the master bathroom. A full bathroom renovation will set you back, on average $12,000, and the resale value can average around $10,440 or 87 percent. However you don’t have to do it all. Ditch the cracked porcelain sink for a classy stand-alone pedestal sink, or trade out your dribbling shower head for a luxurious massaging one. 

Integrate granite or quartz counters

Cost Estimate: $50 to $150 per square foot (depending on material)

Keyword in Listing Description Granite: Overall sold for 4% above expected value and 38 days sooner

Keyword in Listing Description Quartz: Overall sold for 6% above expected value and 50 days sooner

General home upgrades

There are a lot of other areas in your home that can be updated with a well-planned swap that could give you additional cash when it comes time to sell. Exchange dated brassy light fixtures for modern can lights and hanging pendants. Replace dead plants and finicky trees with vibrant flowers and shrubs in your front yard for a potential ROI of up to150 percent. From house-wide changes, like new windows to specific appliances, like the water heater, sometimes it’s the “boring” swaps that will make your home that much more appealing to potential buyers.

Install efficient windows

Cost Estimate: $400 to $600 per window (including installation)

Potential ROI: $460 to $690 per window