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What upgrades should I do to create the most value?
Written by: Michelle Gansler, Realtor with the Real Estate Muses
This is the number one question that I receive from home buyers. Most of the time you purchase a home knowing that you would like to make a few changes and upgrades. BUT, before you go swinging a hammer or measuring for counters be sure to consult a professional! What type of professional? Your Realtor of course! We have access to all of the home sales in your area and are better equipped to answer questions on what will bring you value in your market. If you are in the San Antonio area and thinking about upgrades, please reach out here and I will answer your questions! In the meantime, here are some examples of upgrades that will gain value in most markets.
1. Upgrades to the places people spend the most time. Kitchens and Bathrooms. Yes, bathrooms - think about it! In the kitchen I would recommend updating the counters to granite or marble if they are laminate. When you replace the counters in the kitchen, why not go ahead and replace the counters in the bathrooms to match? This makes the entire house cohesive and maintains the whole picture of a complete upgrade. While replacing the counters, consider doing an under mount sink and replacing the faucet.
2. Upgrades to paint color. Not all colors are created equally and a blood red master bedroom would not be in my advice, BUT a nice feature wall can do wonders. Also, if your house is still builder white, consider painting the walls a nice neutral color and possibly doing one or two feature walls in the same color family but a few shades darker. Neutral colors do not have to be beige either, gray is a great neutral and is paired very nicely with all kinds of colors.
3. Upgrade your appliances. If your appliances are not from this decade, it could be time to get rid of them. If you do decide to upgrade, I would suggest going for stainless steel and having all of the appliances come from the same manufacturer. You can find great sales and don't have to replace them all at once. AND, in some cases, you may even be able to get a little bit of money for your old appliances!
4. Remove the carpet. If the main living areas are carpeted, please consider replacing the carpeting with either the matching flooring from a space that it leads into (like the same tile from the kitchen or the same hardwood from the entry). Most people do not want carpet anymore because it holds in odors and is hard to keep clean. At the very least, if you have carpet in heavily trafficked areas, have them professionally cleaned before listing your house.
Do you have any other ideas of upgrades that would "always" add value to a home? I would love to hear them in the comment section below!