22 Jul The Best Home Improvements That Build Home Equity
Small touch-ups can help you sell a home faster, but more significant home improvements will return even more value. Home equity gets calculated based on the market value of your home — not just what you paid for it — so home improvements that add value can instantly boost your equity.
For the best returns, you need to invest wisely based on the aspects of your property that could use improvements the most. Common features in your neighborhood and price point can also help determine which home improvements to choose. Here are the most popular, most consistently valuable updates and renovations to consider:
Kitchen Remodels
As the focal point of the modern home, kitchens deserve your attention and investment. Among major home improvements, kitchen remodels consistently yield some of the highest returns. If your kitchen seems outdated or awkward, a remodel can drastically improve the functionality for cooking and entertaining while also refreshing the atmosphere. We can recommend modern kitchen updates that feel in sync with the style and flow of your house — and demonstrate value to appraisers and buyers.
Bathroom Renovations
The personal comforts of new, updated bathrooms have become more sought-after home improvements in recent years. The housing market demands luxurious master bathrooms and nice, clean finishes on all other bathrooms. Mid-range and premium bathroom renovations will always come close to paying for themselves, and can even increase equity if the existing bathrooms are notably in need of updates.
Room Additions and Conversions
Home valuation begins with square footage and the number of bedrooms and bathrooms. Extensions and room additions can place your property into a higher tier of valuation, building your equity. These home improvements can include building either outward or upward, or you can enclose an outdoor space or sunroom.
Finished attics and basements offer another excellent way to increase home value. Many basements can have full kitchens added to existing plumbing, creating a functional living space that boosts square footage. Attics can also be finished and given proper windows to become extra bedrooms.
Decks and Outdoor Living Areas
Outdoor spaces generate a lot of interest in the San Francisco area. Decks, living areas, cooking and dining spaces — any kind of home improvements that add functional, enjoyable outdoor space will bring value to your property. Take advantage of however much outdoor space you have by adding exciting features that entice buyers, and your home value will increase.
We can help you decide between various mid-level and luxury upgrades that address your home’s needs and better position your property in the local market. From simple kitchen facelifts to significant home additions, our design and build team can help you find the best home improvements for increasing value and equity. Get in touch with us today to discuss the projects you have in mind.
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