In this fast-paced seller’s market, you may be thinking there’s no need to renovate your home before listing. Houses are selling in hours after all, right? It’s true – in this market your home will most likely sell no matter the condition. However, if money is a factor and you want to get top dollar for your home there are definitely some improvements you should consider investing in before putting your home on the market.
The 2021 Cost vs. Value Report takes a look at some of the things you can do to your home to ensure a high rate of return. Do you think you know the most investment-savvy home improvements? Take the quiz below and compare your results to Jack and Megan!
Question 1: Which of the following home improvements is the best investment?
- Bathroom Remodel
- Manufactured Stone Veneer
- Roof Replacement
The answer? #2 – Manufactured Stone Veneer! Stone Veneer is an exterior upgrade to vinyl siding that gives your home a more “custom home” curb appeal.
Question 2: Which of the following home improvements is the best investment?
- Deck Addition
- Grand Entrance
- Garage Door Replacement
The answer? #3 – Garage Door Replacement! In addition to another quality exterior appeal upgrade, replacing your home’s construction grade garage door provides a new level of functionality and often a lifetime warranty.
Question 3: Which of the following home improvements is the best investment?
- Mid-Range Kitchen Remodel
- Bathroom Addition
- Owner’s Suite Remodel
The answer? #1 – Mid-Range Kitchen Remodel! The key here is mid-range. Your improvements should involve more than a new coat of paint and some replaced hardware; consider investing in new cabinets, appliances, and design. Upgrades that involve re-orienting the kitchen layout and shifting pipelines move into the higher range remodels and, while this is an improvement potential buyers will doubtless love, you will not see quite the same rate of return.
How did you do? If you got a question right, you did better than Jack! If you got more than one question right, you beat Megan!
Investing in smart home improvements before listing your home is a great way to ensure you walk away with the best price. Another great way to get top dollar? Partner with a real estate expert like Dan Hamilton! Call us at 864.527.7685 or email at firstname.lastname@example.org for more information about how we can help you buy or sell your home.
Dan Hamilton is the founder of Hamilton & Co. and the lead listing agent for the team. He is the only agent in the Upstate endorsed by Shark Tank star and real estate mogul Barbara Corcoran. Additionally, Dan hosts a weekly radio show on The Answer 94.5 and 106.3 WORD giving tips and advice on real estate and is a frequent contributor for real estate on Your Carolina TV show on WSPA Channel 7.