Home Upgrades That Maximize Your ROI
Lifestyle | Oct 05
A home is one of the biggest investments in your portfolio — whether you’re planning to sell tomorrow or looking to stay for a lifetime.
For you, that means whatever your real estate journey holds, it’s important to continue giving back to the asset that will keep on giving. Of course, we all have those aspirational ideas of what home improvement projects we would embark on today if money (or time) weren’t a factor.
But the truth is, not every update is worth the investment. Whether you’re on the hunt for valuable upgrades you can make on a budget or looking to sell your luxury home for top dollar, we’ve got you covered. Keep reading to learn about the cutting-edge home enhancements you can make today that will maximize your ROI!
First up? We’re looking at home improvements you can make under $25K that maximize your home’s value on the market — without breaking the bank.
Valued Home Improvements Under $25K
Despite what you’ve heard, presenting your home in its best light doesn’t require an unlimited budget, but rather, a qualified team of Realtors who can advise you on the most cost-effective updates that will pack the biggest punch. Here’s a list of the valuable upgrades we typically recommend for our clients today:
- Painting the whole interior/exterior of the home…because there’s nothing like a fresh coat of paint
- Sprucing up bathrooms with new tile
- Replacing light fixtures
- Running repairs
- Painting kitchen cabinets/adding a backsplash
- Installing new carpet
- Landscaping work
➤ Interested in design? Explore these other posts from our blog.
- Top Interior Design Trends 2023
- A Look Behind Minimalist Interior Design
- Is Maximalizim Making a Comeback?
Under 25K Home Improvement Case Studies
Don’t just take our word for it — see for yourself how these transformative yet realistic home improvements helped our sellers get more for their money!
Improvements Made: Painted the whole house, painted back decks, hauled junk, spruced up the upstairs hall bathroom with new tile and painted the vanity, spruced up the primary bathroom with new tile, installed new carpet upstairs, painted trim and front porch on front exterior.
Results: 3 offers…60K+ over list price (investment 20K)
Improvements Made: Painted interior of home/rear exterior/front door, refinished floors, ran repairs, executed pressure washing, stained fencing, did landscaping clean up, ran repairs throughout, installed new light fixtures.
Results: 6 offers and 100K over list price (invested 20K)
Improvements Made: Painted front exterior/rear exterior, executed pressure washing, refinished floors, renovated upstairs bathroom, painted kitchen cabinets, drywalled basement, installed new carpet and light fixtures.
Results: 6 offers and 100K over list price (25K investment)
➤ Looking for other tips on optimizing the results of your home sale? Check out these blogs next.
- How Long To Wait Before Selling My DC Home
- Top Home Selling Mistakes To Avoid
- How to Start Preparing for a Fall Home Sale Right Now
Luxury Market Home Improvements
Between the projected limited pool of prospective buyers and additional time it takes to sell, listing a luxury home is no small feat. The good news? We’ve got the inside track on the most sophisticated home improvements that just might make all the difference down the line. Here are the top luxury trends we’re seeing move the needle today:
- Second kitchens: The age of entertaining is officially back, and with it, demand for an additional kitchen that can be used exclusively for events.
- The ‘million dollar’ view: Luxury buyers are increasingly on the hunt for homes positioned around iconic views and vantages.
- Sustainability: This just in: green homes = coveted off-grid living. Beyond the benefits of reducing your carbon footprint, a sustainably-built home empowers its owners to minimize routine costs and adopt a more independent routine.
- Privacy: A home should be a sanctuary, not a spectacle.
- Contained floorplans: Out with the open, in with the enclosed.
Above all, luxury buyers today are craving a specific lifestyle — a lifestyle they expect to see come to life before their eyes before making an offer.
The Compass Concierge Difference
Regardless of price point, every dollar counts. For this reason, it can be challenging to justify the money required to execute the necessary home improvements that yield the best results. If this struggle sounds familiar to you, not to fear: Compass Concierge is here.
What is Compass Concierge?
The hassle-free way to sell your home faster and for a higher price. When working with our team, clients have the option to enroll in this program and get fronted for the cost of home improvement services with no interest charged. Interested? Click here to learn how Concierge can make a difference in your next sale.
Ready to list? Our team of trusted listing agents is just a few clicks away. Contact us directly by calling 202.280.2060 or email jsmira@jennsmira.com today.
