If you want to add value to your home, there are three areas to focus on.
How do you increase the value of your home?
The answer is simple: focus on your kitchen, master bath, and floors. Whether you’re putting your home on the market or just trying to increase its value, these three areas matter the most.
If the home is carpeted, consider installing hardwood. If its appliances are old, consider adding new ones. If the cabinets need to be upgraded, go ahead and do it. If the countertops are Formica, change them. When it comes to the master bath, people seem to like stand-up showers these days, so if you can build one with tile behind it, that’s a great idea.
That being said, be cautious not to overdo it. You can spend upwards of $30,000 on a kitchen remodel, but you don’t need to. Anywhere from $10,000 to $15,000 worth of upgrades will provide significant value.
As always, if you have questions about this or any other real estate topic, or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.