How Can I Add Value To My House?

By
Real Estate Broker/Owner with 3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. #9001154
https://activerain.com/droplet/5lmW

There are a lot of home improvements you can do to add value to your home. However, not all renovations provide a worthwhile return on investment (ROI).


How can I add value to my house?


If you want to add value to your Frisco, TX home for sale, it is a good idea to check with a local real estate agent to know which home improvements will help increase the value of your property. Real estate agents are experienced when it comes to marketing homes for sale so they know which renovations are necessary and which are not.


As a Realtor® myself, I know for a fact that not all renovations turn into profit. Before you decide on renovating your home, you must know the market value of the houses around you. This will give you an idea of how much you should spend on your renovations or if you need to do such renovations.

 

Call Loreena Yeo today at 214-783-2210 to help increase the value of your Frisco, TX home for sale.


If the homes around your area have a market value of $425,000 and your home value is already at $420, 000, you might lose money if you spend more than $5,000 on renovations. Let's say you spent $5,000 on your renovations, there is still a big chance you will only break even. This is why you must check the market value of the homes around you against the current market value of your home.


Most homeowners are willing to renovate their homes and the majority chooses to upgrade their kitchen and bathroom. This is because most homeowners and buyers perceive these best home improvements to increase the value of the house and are considered most impactful as they are highly-used and high-traffic rooms.


Home renovations that add value to your home


Check for any structural issues.


Before you start renovating, you should evaluate your house for any structural issues such as leaking or sagging roof, cracks on the walls, missing or broken tiles, or collapsed slab. There is no point in upgrading any of the rooms in your house if such structural issues are not taken cared of. They are not just an eyesore, they can also lead to more serious issues in the future.


It is better to consult a builder to check what needs to be renovated and get an estimate as to how much the renovations will cost.


Check for any faulty wiring or plumbing.


Electricity and water supply are some of the major needs of a household. Potential buyers often check these facilities. No one wants to buy a house with faulty wiring and plumbing. Such issues can greatly affect the saleability of your home.


Before you start with any cosmetic upgrades to your house, make sure to update your wiring and plumbing system first as they can be a lot of work and may involve lifting floors, changing pipes, and the likes. This time is also a great opportunity to install new lightings, faucets, shower, and other fixtures related to electricity and plumbing.


Start decorating.


Once you are done repairing structural issues, faulty wiring, and plumbing, you can start decorating your house. Repainting is one of the most common home renovations that can easily add value to your home. Try to keep your paint simple but elegant. A spacious, bright, airy room easily captures the buyer's attention. To make your house look airy and roomy, choose bright or pastel colors that will complement your furniture and appliances.

 

Homes for Sale in Frisco - Home decorations that add value to your Frisco TX home for sale.

 

Decorating Tips


Before you start decorating your home, it is important to deep-clean all the rooms. Make sure that all nooks and crannies are cleaned and no webs are left hanging on the walls. You may also use lemon scent detergent and a mixture of baking soda and vinegar to help get rid of odor and stains.


After deep-cleaning your home, replace any squeaking or faulty door knobs, window screws, or handles, or door latches that don't work as well as any moldy sealants in your kitchen and bathroom.


Get rid of all unused items, furniture, or appliances that are just taking up space. You can make your house look spacious without adding additional footage. You can do this by decluttering and arranging your things accordingly. Avoid obstructions to your doors and windows. Place your cabinets and decorations on a space where they keep the doors and windows open.


If the space from the floor to the bottom of your window is high, you may put a sofa as long as it does not obstruct the view of the window. You may also place a piece of furniture beside the door as long as you can open and close it properly.


Remember, you aim to make your house look more airy and spacious. Allowing natural light to enter your house gives it a warm, airy feel. Also, you must choose a paint that is bright, pastel, neutral, or earth tones. These colors are warm and they are cozy. Always consider your furniture and appliances when choosing the right color for your home.
Restore old features.


Rather than replacing everything, aim to restore what you already have. If you have a fireplace, you can restore it by doing a deep clean and repainting. The same goes for old windows. You can grease old screws or replace them and repaint them. It is always a great idea to restore old staircases, decorative moldings, paneled doors, and polished floorboards. These features give off a melancholic vibe while being able to go along with modern design.


Kitchen and bedroom makeover.


Most buyers look for a spacious and clean kitchen where they can move around while preparing dishes and be able to bring in guests too. If you have a small kitchen, consider its shape and position. You may need to utilize the bottom of your sink and turn it into a cabinet for storage.


Small changes such as repainting the kitchen, replacing the worktops and floor tiles, and changing the lighting can add a huge impact to your home's value. It is always a good idea to replace your bulbs with LED lights. They are brighter and energy-saver too.


The same goes for your bedroom. Make it as spacious as you can. Remove unnecessary furniture and large cabinets. Hang your cabinets to give the room more space. Use pastel color or earth color silk or lace curtains for your windows to give your room warmth and allow natural light to pass through.


Make sure to inspect every room in your house and replace any broken knobs, windows, or doors. If you can still restore the doors and windows, you may do so. Most of the time, replacing their screws, hinges, and knobs, and repainting them is enough to make them look like new.


Upgrade your bathroom.


The bathroom is where you relax,a peaceful oasis, where you can wash away your day's stress and grime. It is only right to keep it tidy and hygienic. If your bathroom is small, consider replacing your bulb with bigger and brighter bulbs. You may also consider using a light pipe or a roof light.


Repaint your bathroom walls with bright, neutral colors. White is an ideal color as it makes the bathroom look bigger and cleaner. Regrout your tiles to make it look new. If there are chipped or cracked tiles, you need to replace them. Choose a simple design with pastel or neutral colors.


If your bathroom has a high ceiling, you may consider adding underfloor heating. Keep in mind that your floor level will raise by 3mm to 4mm.


Replace your bathroom fixtures. Choose modern designs that are meant for small bathrooms. If possible, replace your heating system with modern designs that can conserve water.


Upgrade the exterior look of your house.


The first thing people will see is the exterior of your house. If you are trying to sell your Frisco, TX home, it is a must to take care of the exterior look of your house. Repaint the exterior of your house using earth colors. You may get inspiration from your garden or the houses around you.


As for your garden, redesign it to make it look tidy and attractive. You can add more plants or some stones to line your plants. A few hanging flowers or a trellis with vines will also help increase the appeal of your garden. According to a survey conducted by Home Gain, landscaping results in a 215% return on investment and is recommended by 97% of the real estate professionals.


Increasing your home's curb appeal is important as first impressions last. Keep your exterior looking tidy and well-kept to have a good, lasting impression to buyers.


Related Questions


1. How much value does painting add to a house?


According to the 2012 survey conducted by Home Gain, repainting the interior of your house can result in a 107% return on investment and it is highly recommended by 94% of real estate agents.


2. Does a home office add value?


It’s nice to have your own office at home. However, it is not practical to add this to your renovation. The average renovation for a home office is about $28,000. It is expensive and most people just need good lighting and a space for their desks and chairs. Unless you are working from home, adding a home office is not practical.

 

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Re-Blogged 4 times:

Re-Blogged By Re-Blogged At
  1. Peter Mohylsky 11/11/2019 07:15 AM
  2. Mott Marvin Kornicki 11/12/2019 05:47 AM
  3. Ron Barnes 11/12/2019 07:29 AM
  4. L. Scott Ferguson 11/12/2019 09:39 AM
Topic:
Real Estate Sales and Marketing
Location:
Texas Collin County Prosper
Tags:
home value
home for sale
loreena yeo and michael yeo

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Rainer
3,637
Jason Luongo
REI Society - Boynton Beach, FL

Great article!, I truly believe that the best ROI is remodeling the kitchen and bathrooms. After that, I would say modifying your floor plan to increase the bedroom count or livable floor space :)

Nov 12, 2019 03:37 AM #2
Rainmaker
641,499
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Great post. I often have past clients and friends call me and ask me about the value of renovations. Just last week clients decided to reface their fireplace rather than replace and they're doing it themselves to save on cost. It is always hard to say how much a renovation will affect the price since it really depends on when they sell. We do have a fairly good idea of how much value it will bring. We also have to factor in how not doing a renovation will affect their value. Some things left undone will take away value from their home. You guys are doing a great job providing value to homeowners in Prosper TX. I love your company name!

Nov 12, 2019 03:48 AM #3
Rainmaker
3,300,031
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

GOOD TIPS ! We would add taking a look at hardware...everywhere...the kitchen...the front door...paint is great but this "jewelry" also helps a lot.

Nov 12, 2019 04:12 AM #4
Rainmaker
1,468,501
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

A home can often be spruced up without too much money. Painting, removing items, fixing things that are broken, putting in bright lightbulbs, scrubbing/cleaning - those things can all make a big difference. Good post!

Nov 12, 2019 05:10 AM #6
Rainmaker
1,956,972
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Money put in expecting it back and then some... more often than not, reduce the price $5000. Instead of pouring in more money. The higher the price the thinner the buyers! 

Nov 12, 2019 06:11 AM #7
Rainmaker
3,049,058
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I meet with so many would be sellers who completed renovations without guidance that are shocked what they paid for adds little to no value to their home. Talking to a local full time agent can certainly help with what adds value, whether to sell as is or to go ahead and complete that repair or renovation, 

Nov 12, 2019 06:30 AM #8
Rainmaker
468,124
Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector
SLS Home Inspections-Bradley Bourbonnais Kankakee Manteno - Bourbonnais, IL
The Home Inspector With a Heart!

Your first suggestion is spot on. I see renovated and flipped homes all the time and the puzzling thing as an inspector is that they spend all this money on vessel sinks and hardwood flooring and granite tops, but the roof is garbage, or the furnace is from 1984 or the basement walls are bowing. These things are not sexy or in any magazine or reality show, so the sellers don't want to spend extra profits hoping they won't be spotted. Big mistake.

Nov 12, 2019 06:42 AM #9
Ambassador
835,525
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I have found on several occasions that when Sellers do many of the great suggestions you have here, they no longer wish to move. Congrats on the Feature.

Nov 12, 2019 08:49 AM #10
Rainmaker
2,483,757
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This is always a pleasant subject

Nov 12, 2019 09:02 AM #11
Rainmaker
214,801
L. Scott Ferguson
Ask4Ferguson - Your House-SOLD Name in Real Estate - West Palm Beach, FL
Sunny Florida Real Estate Professional

Wow! These are all great items and reminders!  I'm going to Re-Blog!  Thanks for posting!

 

Blessings

Nov 12, 2019 09:38 AM #12
Rainmaker
814,712
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Always good to know that what you are undertaking is worthwhile and asking an agent is a good start. Good post with lots of good ideas.

Nov 12, 2019 10:38 AM #13
Rainmaker
3,423,432
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Loreena and Michael: basics matter as well as a clear mission. You have shared a very workable plan that makes achieving the right results a possibility.

Nov 12, 2019 12:41 PM #14
Ambassador
927,478
Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Loreena and Michael Yeo 
So nice to see you here and congrat's on the Feature.

Well-written and very thorough set of tips! Hopefully, readers will pay attention to this post. All the best - Lynn

Nov 12, 2019 07:02 PM #17
Rainmaker
2,789,819
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’ really is definitely the first question you should ask yourself what you realize you want to sell.

Nov 12, 2019 09:39 PM #18
Rainmaker
2,789,819
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This is definitely well deserved and overdue for things like this’ I hope all is going well with you, Lynn B. Friedman

Nov 12, 2019 09:40 PM #19
Rainer
536,114
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for sharing!

 I know for a fact that not all renovations turn into profit. Before you decide on renovating your home, you must know the market value of the houses around you. This will give you an idea of how much you should spend on your renovations or if you need to do such renovations.

 

Nov 13, 2019 04:27 AM #20
Rainmaker
536,502
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Excellent blog title for SEO!  And remember sellers, the dollar amount you put in you will not reap that amount in the end. Usually!

Nov 13, 2019 09:35 AM #21
Rainmaker
762,852
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Good stuff!

 

Nov 14, 2019 06:15 AM #24
Rainmaker
474,229
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

Well presented Loreena and Michael Yeo .  Like the title of your town "Prosper"! Some clients here are not even willing to paint or do minor repairs.  They want me to sell it "AS IS" even after I explain to them the value of minor upgrades.

Nov 15, 2019 06:57 AM #25
Rainmaker
478,556
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Great tips for anyone looking to list and sell their home.  In addition to all these suggestions it's most important to start with a home consultation with your Realtor of Choice to get a professional opinion of value as is or with improvements.  You can overinvest.  Beware.

Nov 15, 2019 05:51 PM #26
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