Whether you’re considering selling your luxury home or want to invest to increase its value, there are lots of practical ways you can optimize your space. For example, making smart improvements and renovations will give the house a new and fresh look. Additionally, staying updated on the current house market and real estate trends can further help your home’s ROI. Timing is everything when it comes to selling, and being informed about what’s going on will help you make the best decisions for you and your family’s future.
Renovate the kitchen
If you’re considering selling your home, updating and renovating the kitchen is a great way to go. Buyers typically look for a kitchen with a classic, clean, and modern look. As well, wide and open spaces make for a fantastic spot for cooking, dining, and gathering.
These remodels will add increased value to your house and your investment in the long run. Last but not least, update or replace appliances. Modern appliances will immediately appeal to buyers since it means one last thing they have to purchase.
Remodel the bathroom
There are a variety of bathroom remodels such as standard, midrange, and upscale. Depending on how in-depth you want to go with your renovation, you can expect to receive a return of anywhere from 56 to 70.1%. Of course, there are several factors that go into this, such as the current real estate market, your house’s market value, and how much money you’re willing to put into it.
For a more elaborate remodel, you may want to consider making structural changes to the layout of the washroom or expanding it. Some examples of this include installing new shower doors, painting the walls, or putting in a new sink. A noteworthy quality of many luxury homes is handicap accessibility.
Landscape the yard
To begin, consider the design and vision you have for your property. What does your dream porch and yard look like? What vegetation would be right for it? Are you looking to create a private sanctuary where you can immerse yourself in the wonders of nature? Or perhaps you want to make your yard into a friendly space for the whole family to enjoy evenings together and grill with the neighbors? Whatever you imagine for your outdoor space, you certainly won’t regret the landscaping you put into it.
One of your first steps in the process should be to focus on the trees and bushes. Prune trees as needed and trim the shrubs. This is the perfect opportunity to evaluate what vegetation your front and back yards need, and continue accordingly. For instance, does your yard lack trees and shade? This could be a great time to plant some trees and bushes. Just remember, these will take time to grow and will require consistent care and attention. Still, trees will make a huge difference in the landscape by adding needed color, life, and warmth.
Next, remove and replace old, rotted, and dead plants. If you haven’t kept up with your gardening habits, this is a great chance to start over and put in new species of plants. Once this step is complete, you can move on to the fun part: choosing eye-catching flowers that will add a vibrant splash of color. Perennials are a great way to go and are easy to maintain.
As well, consider what your porch and fences look like. Are they updated and maintained? Does the fence need repairs or a fresh coat of paint? These will add to the aesthetic and quality of your home.
Finish the basement
Since finishing a basement can be a fairly extensive project, be sure to consult professionals as needed. You will also want to make sure all insulation and moisture problems are solved. While these aren’t the most “fun” steps of the process, they are absolutely essential for a safe, happy, and healthy basement.
The basement can be used for extra guest rooms, storage space, a play area for the kids, a family library, or recreational purposes. Last but not least, potential buyers will be happy to see a beautiful and finished basement. It will inspire them with ideas of how they can utilize the space.
Put in a patio or deck addition
According to Super Money, the average return of putting in a deck is 73%. This percentage goes higher if the work was professionally done and the deck is made with top-quality wood. The return for a patio can be anywhere from 30 to 60%.
Putting in a deck or patio can be a great way to make the most of your home. It can create and open up a new space for having friends over, enjoying dinner outside with the family when the weather permits and is a fun way to soak up the beauty of nature while staying close to home. When contemplating your deck or patio, make sure to put in one that makes sense with your home’s design and style. You want it to fit in naturally, not stand out like it doesn’t belong.
Another tip to keep in mind is what purpose you want this deck to fulfill. Is it for hosting, an extra space for the kids to play in, or a quiet place to spend the evening with your book? Once you know how it will be used, you can begin to plan and design how it will look.
Are you looking for more information about real estate or want to learn more about our specific property listings? Feel free to contact Marks Realty Group for all of your luxury home, condo, or real estate needs. Our team would love to show you homes and townhouses for sale in our Marin, San Francisco, and San Rafael locations. Let’s get started today to help you find your dream home!