Every homeowner who’s considering remodeling their home has to ask themselves the question: “Am I doing this for the next owner or me?” And let’s face it, you’ll make different choices depending on the answer to that question.
Remodeling a home before selling is different from remodeling for yourself. Here, George Campolo, an Associate Real Estate Broker with RE/MAX Distinguished Homes and Properties, will outline three tips for homeowners who are remodeling specifically to sell their home.
Tip 1) Understand the difference between home improvement and home maintenance.
These two terms categorize the actions that you take to improve your home into two different ways. Home improvement involves changes you make that will hopefully increase the value of your home, while home maintenance is fixing and replacing worn or broken components within the home. It’s essential to focus on what moves you can make to increase the value of your home.
The 2019 Cost vs. Value report reflects the financial benefits to homeowners renovating with the focus being on increasing the value. Exterior home improvement projects were associated with nine of the ten best job returns. Curb appeal!
Tip 2) Prioritize based on the potential return when determining what to do
The reality is home improvement costs can quickly add up. Plan to get the best return for your money by considering what exterior and interior jobs are a necessity for your home and allow you to get the best ‘bang for your buck.’ Here are some examples of home improvements you can make to increase your home’s value:
- Garage Doors
- Driveways and walkways
- Kitchens and Bathrooms – Remodeling your kitchen and/or bathroom in a tasteful fashion can boost your home’s value significantly.
Tip 3) Use quality materials if remodeling.
- Granite or Quartz for kitchen counters
- High-quality wood for decks and patios
- Well-regarded brands for window replacements
- Name-brand kitchen appliances
About George Campolo
As an experienced real estate professional, Mr. George Campolo works with first-time homebuyers regularly, helping them navigate the practical side of buying real estate from making introductions to the right mortgage lenders as well and working with the right home inspectors. He listens to his clients and picks up on cues that can help them secure the right and best home for their needs and budgets, all while offering impactful insights into how they can maximize their investment and enjoy the home of their dreams.
Contact George at (914) 760-6858