5 Things to Look For When Investing in Home Renovation Projects

There are many potential benefits that come from making improvements to your Falls Church, VA, real estate. Maybe you’re planning to sell your home in the near future. Perhaps you want to increase your ROI while improving your quality of life when you live in the home. Regardless of your motivation, there are a few key questions to consider before you start hiring contractors or buying supplies to work on projects yourself. This article will provide all of the information you need.

Some additions might make more sense if you plan on using and enjoying them yourself. Adding onto your master suite or developing a sunroom won’t produce a great return when it comes time to sell your home. Buyers are more interested in homes with updated kitchens and bathrooms. You can improve these spaces without putting forth large amounts of cash. One of the best ways to touch up your kitchen is to repaint your cabinets. This will make them appear as though they are brand new. In your bathroom, you might consider replacing the faucet heads or the handles on the cabinets. If you want to take things a step further, a rain-style showerhead will make a great addition.

Perhaps you want to do some work on your home, but you don’t have enough cash to pay for everything upfront. This doesn’t mean you have to give up on your dream of improving your home. There are several opportunities for financing that are worth consideration. Some banks and groups will offer home improvement loans. You can also consider taking out a HELOC (home equity line of credit). This type of funding is often a better choice for larger projects because of the more favorable interest rates.

Many homeowners enjoy taking on DIY projects. They enjoy putting their own personal touch on their home improvements. This isn’t entirely a bad thing, but a few risks are involved. Your best bet is to connect with a professional who knows how to complete each task. You won’t have to worry about projects being done in a way that violates city codes and ordinances. If a home has outstanding code violations, it will appear on an inspection report and may impact a future buyer’s ability to buy an insurance policy for their home. If you choose to do anything yourself, make sure you fully understand how to complete each step in the process properly.

It’s important to think about how long your home project will take, especially if it impacts your ability to live in the home in the meantime. A large-scale kitchen remodel can be a tremendous upgrade, but you won’t be able to cook meals in your kitchen during construction. You’ll also want to think about how different factors, such as the availability of building materials, could slow down the process. It’s important to plan ahead if the project takes longer than originally expected.

Now that you know a few of the most important questions to ask, you can begin to think about specific projects you’ll take on. Here are a few ideas for you to consider as you decide which project has the best potential to provide a high return.

The kitchen is often one of the first rooms buyers want to see when they enter your home. Between preparing meals and hosting guests, people spend a lot of time in their kitchens. The appearance and functional design of the room are incredibly important. You have already learned how much ROI a good kitchen renovation could have. Now it’s time to think more specifically about what you might do in your kitchen. Popular additions include installing a new center island or modernizing kitchen appliances. Purchasing new appliances will improve your home’s energy efficiency and boost your kitchen’s appearance.

Curb appeal is incredibly important because it helps potential buyers develop a positive first impression of your home. You can improve your landscaping by adding flowers to your flower bed or trimming overgrown bushes. Another good idea is to add a new light to your front porch or repaint your front door to serve as a better centerpiece for the front of your home.

Imagine what sort of feeling you could invoke if a potential buyer felt like they were coming into a spa when they came inside your master bathroom. This may sound like a lofty goal, but it’s easier than you think. Recognize that buyers are looking for a luxurious bathroom that offers them an ideal space for relaxation, and you’ll be one step closer to creating the ideal bathroom. One of the best additions to your master bathroom could be a double vanity sink. Choose your countertops carefully if you’re replacing what is currently there. Marble and stone are two of the most popular options. If you want to do even more work, you can add a walk-in shower with glass doors or heated tiles and towel racks throughout the bathroom. Your home will instantly stand out from the crowd in a way that causes buyers to fall in love.

Once you finish working on your Falls Church, VA, real estate, you might be thinking about listing your home for sale. Andreea Leu would love to help you with this process. Andreea is well known throughout the Falls Church area for her expert marketing and home staging skills. She is an experienced negotiator with a reputation for helping clients earn top dollar when selling their homes.