Adding Value

Which items will add value to your home and help with resale when the time comes to sell?

The answer is: “Only the ones that future buyers will also want and be willing to pay for.”

As a general rule, you should be very cautious about updating the home, Buyers rarely want to pay for upgrades, unless we are talking a TOTAL remodel of the home. If you decide to ignore this sage advice, choose the functional over the merely cosmetic, and neutral over unusual or exotic. Taste and current trends can also affect the value of an update. Unusual colors have a limited appeal.

Statistics show that the “best” upgrades will return only 92-95% of the cost, so we generally only advise updating the home to rectify “defects”. Rooms that will not show well are candidates for updating. Although you may not recoup the entire cost, your home will be saleable. Which updates will add the most value to your home?

  • Kitchen and/or bathrooms. Whether you need a minor or major remodel, updating the kitchen or bathrooms is likely to have the highest return. Stay timeless with your updates, but also pay attention to trends. 
  • Increase usable space. Add an extra bathroom, upgrade or expand your kitchen and/or master bedroom suite, add more closet space, or convert an unused space to a more functional space, like a spare bedroom to a home office or basement into the ultimate hangout space. Only do this if current spaces are out of proportion with the other spaces in the home, or if the new spaces (a home office for instance) would be expected at your price point in our market. We can advise on this.
  • Lighten and brighten your rooms. Paint rooms white or with a light color paint to neutralize your space. Add skylights, windows, or French doors.
  • Revamp the exterior. Updated landscaping will draw in buyers before they even walk through the door. Keep your shrubs, trees, and grass trimmed and tidy. Add a splash of color with vibrant plants or by painting the front door an eye-catching color. Consider a focal point like a flagstone walkway or a water feature.