4 Home Updates That Provide the Most Return on Investment

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• The Top 4 Home Updates that Pay Off •

If you’re planning on selling your home in a hot Seller’s market, you’re in for a treat. However, that doesn’t mean you should just list your home for sale at some arbitrary price and call it a day. By making a few home updates, you can expect to see a large return on investment and sell your home fast.

Here are four home updates that provide the most return on investment:

Install a stone veneer

Stone has a timely appearance that appeals to just about anyone. What’s better is that it’s going to draw in potential buyers and earn you a return on investment close to 90 percent, according to Remodeling Magazine’s Cost vs Value Report. Since the exterior of your home is the first thing people are going to see both in pictures and in person, add the stone veneer around the front of the home. Use natural stone if you’re going to go with this update, though, since it’s better quality and completes the aesthetic.

Remodel the kitchen

The kitchen is arguably the most important room in the house and is something that’s impossible to overlook when you’re hunting for a home; it’s only obvious that a kitchen remodel would garner a high return on investment, which can be upwards of 80.2%. Note, however, that minor kitchen updates can earn you more than major kitchen updates. Try switching out countertops, painting the walls, and replacing old appliances.

Re-insulate the attic

A home with little or poor insulation is one that’s going to have issues keeping cold air in the summertime and heat in the winter. And though insulating won’t do much for the look of the house, it will appeal to just about any potential buyer. A well-insulated home is going to be one that doesn’t jack up the cost of heating and cooling, which is something almost anyone can appreciate. Further, insulating the attic can earn you a return on investment around 107.7%.

Add a new door

A new steel front door is a valuable asset when it comes to making pre-sale updates. The return on investment of a new door can be around 90.7% which is great, especially since installing a door requires relatively little labor. If you’re in a pinch and can’t make more time-consuming updates, consider replacing the front door.

Remodeling a home you’re about to move out of seems counterintuitive, but it can earn you quite a bit of money on the sale if you’re smart about it. Before you sell, consult one of our Reali agents who can guide you through the updating process. And, if you need a transparent home loan for the new place you plan on settling into, Reali can help.

The Bottom Line

Call us at (858) 880-0195 or email portia.green@compass.com to get started. We’re here to help 7 days a week from 9AM to 8PM daily. 

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About The Author
Portia Green, REALTOR®

Portia Green is a highly experienced full-time REALTOR® specializing in the representation of Sellers, heralded by her clients as data-driven and an effective negotiator. Producing $25M total in residential sales volume, Portia's goal is to help her clients achieve the best results when selling their homes and to make their experience an enjoyable one. She has successfully sold real estate since 2008 and has gained an in-depth knowledge of local real estate markets & seasonal trends. Portia has achieved a 100% customer satisfaction rating and wants to share her expertise & personal service with you in the sale of your home. When listing your home with Portia Green and Compass, you'll receive the hands-on service you need and desire. Portia will help you manage the entire process of selling your home from pricing, preparing and staging the house, to marketing, negotiating offers, inspections, all the way to closing. She will recommend skilled vendors for any job needed, personally host Open Houses, and ensure that all showings are accompanied. At Compass, Portia offers a wise no-nonsense way to sell your home for the best price and the least hassle. With a keen eye for staging & preparing listings to maximize Buyer appeal, all of Portia Green's listings are professionally photographed using HDR (High Dynamic Range) photography to provide the highest quality photos in the industry. Professionally printed marketing materials are prepared for all Open Houses. We also capture a 3D scan of your home that creates an interactive walkthrough online along with a custom-designed floor plan and targeted digital marketing campaigns on Google & the most popular social media channels. Compass participates in the Multiple Listing Service, which is the local real estate database of homes listed for sale that all REALTORS® use in helping their Buyers find houses. Your home will appear on every real estate website, in its best light, making a stunning camera-ready debut. Portia Green's home valuation expertise and extensive experience in comparative market analysis will help price your home accurately. She has refined her skills to help you pinpoint which features of your home will result in more showings and better results. Her mantra is for you to be ready to sell your home and feel good about that first. Portia knows that home inspectors always find a problem; that drones take some of the best photos in town; and that her eyebrows will grow to the floor in the time it takes her to read everything that's happening with your HOA, but that doesn't mean she won't do it anyway. Eyebrows be damned. You'll always need a place to unplug, connect, dream, grow, or just be yourself. That makes what Portia does even more meaningful. She’s ready to go the extra mile to help you find just the place. Whether you're selling your very first home, offloading an investment property, or want a vacation getaway with passive income, she is attentive to the details of every home sale. Portia helps busy people navigate this crazy real estate market like a pro, so don't be shy. Every great relationship starts with free advice and a friendly chat. Ask as many questions as you need to. Selling houses is her jam! www.portia.realtor