Home Renovations That Pay Off

By
Real Estate Agent with Remax Realty Centre 649441
https://activerain.com/droplet/5bw6

There are two main reasons why homeowners invest in a home renovation or major redecorating project: They want to enjoy the results of the new kitchen, bathroom, flooring or other improvement they’ve made; and/or, they hope that the money they spend will come back to them – at least in part – when they sell their home.

So which projects are most likely to increase the resale value of a home? A story by Joanne Cleaver, featured on MoneyWatch.com last year, identified five renovation projects that give you the most bang for your renovation buck.

Floors. Old, scuffed or dated flooring tends to get noticed by home buyers, regardless of how well the rest of the room is decorated. New flooring – especially stone, ceramic tile and hardwood – can make any room look larger and more inviting.

Kitchen. When it comes to selling your home, the kitchen is one of the most important rooms. The more modern, new and spacious it looks, the faster your home will tend to sell. That’s why you can expect a pay back of up to 80% of the cost of a kitchen renovation.

Bathrooms. Who isn’t impressed by a new and gleaming bathroom with a big shower, modern faucets and other attractive décor? That’s why hotels spend so much time and money making their bathrooms look great. According to the Cleaver article, homeowners tend to get a pay back of up to 75% of the cost of a bathroom upgrade.

Closets. Any improvement that makes a closet look roomy and organized tends to result in a pay back of most of its cost. Even something as simple as installing a good closet organizer can have a dramatic effect.

Energy-saving upgrades. In this age of increasing energy costs and environmental concerns, home buyers are drawn to such features as energy-saving windows, lighting, thermostats and more.

Keep in mind that home improvements don’t just have an impact on the selling price of your home, they also help to sell your home faster.

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Rainmaker
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Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I definitely agree with the first three items. Kitchen and baths and flooring are noticed right away, and if they are gleaming and updated, that house will sell faster.

Mar 27, 2018 02:56 AM #1
Rainmaker
3,608,363
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sergio & Sofia, great list for homeowners to put their money into a renovation that will put more on their bottome line should they sell!  Welcome to ActiveRain! 

Mar 27, 2018 07:04 AM #2
Rainmaker
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Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2926 Ave J Brooklyn NY 11210 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Good timely list of home renovations the home owners thinking of taking on some projected can use to help them decide their return value.

Mar 27, 2018 07:15 AM #3
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and Welcome to the Rain where we all help each other and learn from each other.  

Mar 27, 2018 07:56 AM #4
Rainmaker
1,495,301
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Hello Sergio & Sofia Garcia, Welcome to Active Rain and congrats on your first blog post. This is a great place to meet and interact with awesome professionals. Your blog is right on and good information for homeowners wanting to increase the chances of a quick sale.

Mar 27, 2018 10:32 AM #5
Rainmaker
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PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

Welcome to Active Rain, Sergio & Sofia Garcia! We're very proud to work with you. Keep up the amazing work. - Tim 

Mar 27, 2018 03:17 PM #6
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Sergio & Sofia,
Welcome to ActiveRain.  We love sharing our professional experience and learning from each other. Blogging is a very effective way to establish you as a local expert.  

Keep Blogging! 

Mar 27, 2018 06:46 PM #7
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Sergio and Sofia,

Welcome to the Rain. Congratulations on your first blog post. 

Mar 27, 2018 10:10 PM #8
Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sergio & Sofia Garcia congratulations on this listing and hope the right Buyer comes along quickly.

Mar 28, 2018 02:07 PM #9
Rainmaker
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Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Welcome to this blogging community! Congrats on your first post.

All the best with your business. 

 

Apr 24, 2018 12:54 AM #10
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the advice, always looking to upgrade the value of our investments.

 

May 11, 2018 09:16 PM #11
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

May 11, 2018 09:16 PM #12
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Sergio & Sofia Garcia

Real Estate Agents Serving Montgomery County, MD
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