It’s a great time to sell your home if you live in the San Diego area. The median home price recently peaked at its highest point in over a decade. Lots of potential buyers and fewer homes for sale has led to a seller’s market in the area.
To make the most of this change in the housing market, local homeowners can boost their property value by making a few home improvements. Of course, many homeowners have so many project ideas that they’re uncertain where to start. Sound familiar? If so, it’s important to realize that some projects stand a greater chance of increasing your resale value.
Here are a room-by-room list of home improvement projects that can help to increase your home’s resale value:
The kitchen is the most important room in your home. Sometimes called “the heart of the home,” the kitchen is a common place for many families to spend precious quality time together. Making food brings us a lot of joy so we find ourselves spending a lot of time in our kitchens.
Remodeled kitchens are inviting to potential homebuyers. The dream kitchen allows plenty of room for cooking while also inviting you to enjoy a good meal, sip your first cup of coffee before your workday, or host your family gathering during the holiday season.
A kitchen remodel is always a great idea when it comes to boosting the resale value of your home. According to HomeAdvisor, the national average cost for a kitchen remodel is $22,237. This is a small price to pay, considering a kitchen remodel can potentially add double that amount to your home’s resale value.
Master Suite Addition
Although they can be expensive, master suite upgrades can be one of the best ways to grow your home’s resale value. Many potential homebuyers are looking for this feature when they purchase a home.
For the past several years, master suite additions have consistently been one of the best ways for homeowners to increase their home’s resale value. If you have the time and money to complete this type of upgrade, it may be worth your investment.
We know you’ve been wanting to renovate your living room but when it comes to increasing your resale value, you might be shocked to hear that remodeling your basement could be a better idea. As it turns out, basement remodels can add a lot of value to your home.
Your basement can make or break a homeowner’s decision to purchase your home. They have a big impact on your resale value. Although remodels and renovations can be expensive, you stand a good chance of recouping your renovation costs through the increase in your home value.
Ask a Realtor
If you’re still uncertain which project(s) you should start first, you might consider inviting a realtor
to your home for a professional opinion. They’ll be able to walk through your home and advise how you could improve its resale value. Even if you don’t plan on selling your house
anytime soon, renovations and home improvements like the ones listed above can add timeless elegance, beauty, and comfort to your home.
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