5 Improvements Guaranteed to Raise Your Home’s Value
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Our topic today comes to us from people asking about the recent increase in home values throughout California and Silicon Valley. I wanted to show you 5 different ways that you can increase your home’s value through home improvements.
1. Front Door: You never get a second chance to make a first impression. A new front door can cost anywhere from $700-$5,000 but on average, you can expect a 125% return on the replacement of a front door.
2. Interior Doors: Interior doors are relatively inexpensive but can add a lot to your home. There is a company in Silicon Valley (Interior Door Replacement Company) that can replace your doors for $100-$200. This is a very inexpensive way to upgrade the look of your home. It’s amazing what new door handles can do as well.
3. Garage Door: This will typically increase your home value and your curb appeal substantially. I recently replaced my aluminum garage door with a wooden one, and it made a world of difference on the curb appeal of my home. This is another project that will return well over 100% of the money invested.
4. Kitchen Remodel: While this is more extensive than my other suggestions, kitchens sell houses. A kitchen remodel can dramatically upgrade the appeal (and market value) of your home. In my opinion, a good kitchen remodel can return 2-3x the cost, making it one of the best investments you can make in your home.
5. Bathroom Remodels: Bathroom and kitchen remodels go hand in hand. Consumers love seeing updated kitchens and modern bathrooms. You can spend as little as $3,000 dollars on a half bathroom, or you can spend as much as $15,000 on a full bathroom remodel. Little changes to your bathroom can also add a lot of value.
If you’re considering a specific project for your Silicon Valley home, be sure to look at that report and also consult with a professional real estate agent. Most remodels don’t raise your home’s value and will cost you both time and money. A local real estate expert can help you determine where your home would benefit the most from key improvements.
Please don’t hesitate to contact us. We’d love to take a look at your property to discuss the improvements you’re considering and how they will affect the value of your home.
How to finance your home improvements
David Lawver and Brett discuss three ways to finance your upgrades.
Please don’t hesitate to contact us. We’d love to take a look at your property to discuss the improvements you’re considering and how they will affect the value of your home.
