If you are looking to increase the value of your home, there are some home improvements that could have a better return on your investment than others. By spending money on the improvements that may add the most value, you might be able to recoup your money easier and potentially sell your home faster.
Add Curb Appeal
First impressions are everything, and that is especially true in real estate. You want people to be attracted to your home when they first see it. If they aren’t, it can affect what they think of the rest of the home, regardless of how nice the rest actually is. According to a report released by remodeling.com, upgrading your garage door and front door are two of the best investments you can make in your home, making the home look great and increasing the value at the same time. Landscaping can also add to your home’s curb appeal, giving your home a finished look that can help improve its aesthetic value.
Upgrade your Kitchen
According to the same report, investing in a minor kitchen remodel is worth every penny. The kitchen is one room in the house where people spend a lot of time. In addition, there are a lot of appliances that need to be functional in order for the house to maintain its value. If you are looking to spend money on a remodel, the kitchen is a great place to start. Just don’t overdo it, the same report shows that a major kitchen remodel has a worst return on investment than a minor kitchen remodel.
Add a Deck
Outdoor space is so important, especially in Los Angeles. The weather is nice all year long, so people want their outdoor space to be as comfortable as the inside of their home. Adding a deck can help potential buyers see how they can use the outdoor space. It’s a relatively inexpensive addition to your home that can make your home feel larger and can add value. According to the report, it’s one of the best investments you can make that will add value to your home.
All of this is great if you have the money to invest in your home, but what if you don’t have extra cash to put into upgrading your home? If you have equity in your home, a home equity line of credit might be a good option for accessing the resources to be able to invest in your home and potential increase its value. If you are interested in how we can help with this, please give us a call at 800-835-3400.