Enhancing Home Value: The Power of Home Improvement
Most of us that own homes, have a desire to walk away from the transaction with some extra cash in our pockets. This shows that our ideas and thoughts about location, timing, and price proved our decision making to be lucrative. In this article, I hope to show you a few reasons by home improvement is not only an investment, but also a way to create a space for our beings to reside comfortably.
Aesthetics, and How They Play a Role:
Being a Realtor has many advantages, one of them being market research. When listing a home, our main goal is to figure out what the Seller wants to walk away with monetarily. Often times, sellers value their home much higher than what it might appraise for. Which makes sense, because they have a sentimental connection to their home, they have made memories there. At the end of the day, they want to make money and walk away with their equity.
Buyers have no sentimental connection to your home, most of the time they are being shown the home because it fits a certain part of the buyer’s criteria. Maybe you have already nailed the aesthetic appeal, and they are ready to start negotiating a price (Situation 1). Maybe the seller is lacking in that area, but have a really good price on the house (Situation 2). Situation 1 has an immediate advantage, the buyer likes the look of their home, in fact, they may be obsessed with the look of the sellers home. This give the seller wiggle room to work with price and charge a higher bid for the value the comfort and aesthetics of the home bring to the new owner. The seller in Situation 2 might be in a pickle, because the buyer looking for a discounted home, will most likely purchase to renovate. This is how most people see home investment, and real estate has been the biggest industry for many years. You can be apart of the movement as well.
Where Should I Start?
The NAR (National Association of REALTORS) has put out many articles and statistics about this topic. This table demonstrates the cost recovery per renovation. The higher percentage being the quickest ROI (return on investment) to your initial costs.
Are we surprised that hardwood flooring has the best return on investment? Of course not, our flooring is the foundation to our aesthetic appeal in a home. It determines how big a room is and decides and gives the home a natural base to so many furniture and kitchen color options.
In conclusion, home improvement projects offer homeowners the opportunity to not only increase the value of their property but also create a comfortable and aesthetically pleasing living space. By investing in the right renovations, sellers can attract buyers who are willing to pay a premium for a well-designed home. Aesthetics play a significant role in capturing the attention of potential buyers, allowing sellers to negotiate higher prices and maximize their return on investment. If you're ready to embark on your home improvement journey, consider partnering with BG Projects. With our expertise and dedication to quality craftsmanship, we can assist you in transforming your home into a valuable asset while creating a space that suits your lifestyle and personal preferences. From kitchen and bathroom renovations to landscaping and smart home technology integration, our team of professionals will work closely with you to bring your vision to life.
Remember, home improvement is not only about increasing the value of your home; it's also about enhancing your quality of life and creating a space that truly reflects your style and needs. So, take that leap, invest in your home, and enjoy the benefits of a beautiful and valuable property with BG Projects by your side.
