5 Great Renovations to Help Increase Home Value!
If you're thinking about remodeling your home to help increase its value upon resale, there are a few strategic areas that you should focus on. It can be exciting to take on a renovation project, but it's a good idea to think first on how it will affect the property value and whether or not the cost is truly worth it. Your Favorite Real Estate Team is the best real estate team at the Lake of the Ozarks, so we have a good understanding of property values and what features homeowners are looking for. While there are never any guarantees, the following 5 areas could help increase the value of your home!
This is always an important aspect of a home for potential buyers. This is particularly true at the Lake of the Ozarks, and especially for lakefront homes. Your home's curb appeal is the first thing that potential buyers will see when they pull up to the house. Make sure that the curbside of your home is clean and well-kept so you don't scare buyers away. Great areas to focus on are the windows, the door, and the condition of the siding. If your siding is painted, giving it a fresh coat of paint can make a big difference. If not, then a good power washing can make the vinyl siding look like new.
An extra consideration when selling a home at the Lake of the Ozarks is your home's lake appeal. At a lakefront home, the front of the house is often considered to be the side facing the Lake. The look of this side of your home can play a huge role in whether or not your house sells quickly. If there is very little space to spend time on the lakeside of the property, buyers could think being lakefront is pointless in the home. Consider adding a deck with room for seating, grilling, etc. and buyers just may be scrambling over one another to buy your home.
An unfinished basement is a good asset because of the extra space and potential, but if the space is finished, it can add even more value to your home. Some home buyers like the idea of a project, but a lot of others don't want to put more money and time into a new home if they don't have to. The design doesn't have to be complicated or over the top, but having the walls and ceiling insulated, drywalled, finished, and painted is a huge plus for potential buyers. Then they can still customize the design and flow of the room, but don't have to do any construction work when they move in.
In this digital age, it is becoming more and more common for people to work from home. Whether it is full-time or just a few days a week, it is a huge perk to have a designated office space from which to work. This space doesn't have to be a massive library-like room, although that also would be an amazing feature. This can even be combined with a guest room if necessary. Use shelving, window space, and office furniture strategically to stage the ideal workspace.
The bathroom count can make or break a sale for many home buyers. If your home only has one bathroom, you could greatly increase the value of the house by adding a second one, or even a half-bath. If you have a good number of bathrooms or can't feasibly add another one, then making sure the bathrooms have a clean and pleasing design can do wonders. Carpet is a huge negative in bathroom spaces, so be sure to use tile, vinyl, or laminate for a cleaner and longer-lasting floor. If the bathroom can fit a double sink, that is a great option that home buyers will fall in love with!
Kitchens are having a moment. The living room used to be the center of nearly every household, but it seems that activity is redirecting into the kitchen instead. Large, bright kitchens are coveted in the housing market. Stainless steel appliances and beautiful countertops are a top priority for home buyers. These upgrades can serve you well and help increase the amount buyers are willing to pay to get make the house their own.
Your Favorite Real Estate Team knows that it can be difficult to part with a home you have lived in for many years. When you are ready to take that step, these renovation tips could help increase the home's value. With or without renovations, Your Favorite Real Estate Team is the best real estate team at the Lake of the Ozarks and we will help you sell your house and find a beautiful new place to call home. Give us a call!
1) Curb Appeal and Landscaping
This is always an important aspect of a home for potential buyers. This is particularly true at the Lake of the Ozarks, and especially for lakefront homes. Your home's curb appeal is the first thing that potential buyers will see when they pull up to the house. Make sure that the curbside of your home is clean and well-kept so you don't scare buyers away. Great areas to focus on are the windows, the door, and the condition of the siding. If your siding is painted, giving it a fresh coat of paint can make a big difference. If not, then a good power washing can make the vinyl siding look like new.
An extra consideration when selling a home at the Lake of the Ozarks is your home's lake appeal. At a lakefront home, the front of the house is often considered to be the side facing the Lake. The look of this side of your home can play a huge role in whether or not your house sells quickly. If there is very little space to spend time on the lakeside of the property, buyers could think being lakefront is pointless in the home. Consider adding a deck with room for seating, grilling, etc. and buyers just may be scrambling over one another to buy your home.
2) Finish the Basement
An unfinished basement is a good asset because of the extra space and potential, but if the space is finished, it can add even more value to your home. Some home buyers like the idea of a project, but a lot of others don't want to put more money and time into a new home if they don't have to. The design doesn't have to be complicated or over the top, but having the walls and ceiling insulated, drywalled, finished, and painted is a huge plus for potential buyers. Then they can still customize the design and flow of the room, but don't have to do any construction work when they move in.
3) Stage a Home Office
In this digital age, it is becoming more and more common for people to work from home. Whether it is full-time or just a few days a week, it is a huge perk to have a designated office space from which to work. This space doesn't have to be a massive library-like room, although that also would be an amazing feature. This can even be combined with a guest room if necessary. Use shelving, window space, and office furniture strategically to stage the ideal workspace.
4) Bathroom Additions
The bathroom count can make or break a sale for many home buyers. If your home only has one bathroom, you could greatly increase the value of the house by adding a second one, or even a half-bath. If you have a good number of bathrooms or can't feasibly add another one, then making sure the bathrooms have a clean and pleasing design can do wonders. Carpet is a huge negative in bathroom spaces, so be sure to use tile, vinyl, or laminate for a cleaner and longer-lasting floor. If the bathroom can fit a double sink, that is a great option that home buyers will fall in love with!
5) Kitchen Upgrades
Kitchens are having a moment. The living room used to be the center of nearly every household, but it seems that activity is redirecting into the kitchen instead. Large, bright kitchens are coveted in the housing market. Stainless steel appliances and beautiful countertops are a top priority for home buyers. These upgrades can serve you well and help increase the amount buyers are willing to pay to get make the house their own.
Real Estate at the Lake
Your Favorite Real Estate Team knows that it can be difficult to part with a home you have lived in for many years. When you are ready to take that step, these renovation tips could help increase the home's value. With or without renovations, Your Favorite Real Estate Team is the best real estate team at the Lake of the Ozarks and we will help you sell your house and find a beautiful new place to call home. Give us a call!
CONTACT ED SCHMIDT FOR ALL YOUR LAKE OF THE OZARK REAL ESTATE NEEDS
Ed Schmidt, REALTOR
752 Bagnell Dam Blvd. Suite A
Lake Ozarks, Mo 65049
Phone: 573-240-9052
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