10 Home Renovations That Actually ADD Value to Your Home!
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- čas přidán 14. 04. 2024
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In this in-depth video, Burnsy The Realtor dives into the top 10 home renovations that add significant value to your home. From the heart of the home, the kitchen, to luxurious bathroom upgrades, energy-efficient improvements, and curb appeal enhancements, Burnsy covers a wide range of renovations that can increase your home's equity and appeal to potential buyers.
Learn how updating your kitchen with modern appliances, cabinets, and countertops can transform your space and add value to your property. Discover the impact of upgrading your bathrooms with new fixtures, vanities, and lighting, and how adding a second bathroom or a master bathroom can make your home more attractive to buyers.
Explore the benefits of energy-efficient upgrades, such as installing energy-efficient windows and doors, adding insulation, and upgrading to energy-efficient appliances. These upgrades not only save you money on utilities but also increase your home's value and appeal to eco-conscious buyers.
Enhancing your home's curb appeal can significantly increase its value. Burnsy discusses the importance of landscaping upgrades, a fresh coat of paint, and updating your front door and garage door to create a lasting impression on potential buyers.
Discover how finishing your basement can add valuable living space to your home and how adding a deck or patio can create a functional outdoor entertaining area that adds value to your property. Burnsy also explores the benefits of incorporating smart home technology into your home, updating your flooring, adding a fresh coat of paint, and adding a master suite to increase your home's value and appeal to buyers.
Whether you're looking to sell your home or simply want to increase its equity, this video is full of valuable tips and advice. Subscribe to Living In Cleveland for more real estate insights from Burnsy The Realtor!
![Should You Upgrade Your New Build Home? [These Are the Upgrades That Are Worth It]](http://i.ytimg.com/vi/8yrND7kw4Ao/mqdefault.jpg)
![Should You Upgrade Your New Build Home? [These Are the Upgrades That Are Worth It]](/img/tr.png)
Whattttt? The last suggestion was to add a Master Suite with a bath and walk in closet for $10-15k. In what universe? He talked about making his attic into his Master. Great idea. How much did it cost for permits? How much to run sewer lines, water, electric? How much for insulation and drywall? How much for flooring and tile and the shower door? Did he have to add 2x6s or 2x8s to make the floor structurally sound? How much headroom was there? Many jurisdictions require a certain amount of headspace for it to be considered living space. Now, if you are a general contractor and can do everything yourself, great! But even then, I’d bet good money that the cost is going to be higher than $10k. Just sayin.
RE: the first 'buyer' you mentioned, these people have NO business owning a home. Or, probably anything else.
I sold high end real estate on Miami Beach, and I was a resident. Earth to buyers! Manage your expectations! If you are picking on things you can fix, add or subtract I found it was code for "I really cant afford this house!" A good realtor will show a buyer approx 10 homes, by #5 you have figured out if they are wasting your time. Are sellers supposed to be mind readers? If you are unable to imagine the walls painted another color, how to arrange your furniture, or dont know what a butler's pantry is, kindly move on. I recently saw a couple on tv looking at a lovely older home. The large master had a vanity dressing area w big closets. The wife said she had never seen such a thing, would tear it out. You are not a real buyer if you/partner arent on the same page re home style, price, neighborhood. A lot of " upgrades" are nonsense.
Making home more energy efficient will absolutely not make any difference for resale value
Watch out for the "smart" upgrades. It is a total deal breaker for some buyers. My husband is in the tech industry and we have heard too many horror stories of utilities taking control of smart appliances/thermostats/etc. Changing the thermostat temperature has happened in many areas with no override. One person was totally locked out of everything smart for over a week due to a misheard greeting. For too many of my husband's colleagues, smart is a deal breaker.
I am guessing I will Never be selling my house. I am Not about to go to this extent with my house. Solar panels??? Security??? "Modern buyers" need to walk away from HGTV. They need to wake up to reality. All the bells and whistles are going to cost them mega bucks. It is why housing prices are so sky high, unaffordable for the person trying to buy their first house. I am, obviously, old school. We knew our first house probably wasn't going to be our "dream home". That would be a very pretty Victorian painted lady. We did buy a house with all the majorly important stuff done: siding, roof, furnace. Yes, the rest was a fixer. But, that meant we could do whatever else cosmetically. Everyone's taste is different. The paint color I think is pretty probably isn't what someone else thinks. So, they are going to come in and redo things their way anyway. People need to get real. Especially if they don't want to be upside-down owning a house that costs waaaaay more than it should or they can really afford. It's about the priorities of life. And the people of today's society have become a bit "spoiled". So, I know where one of your future buyers can look for a cute, truly starter home that isn't going to break their bank. Unfortunately for them, they'd have to move. Nice little town though. May be in the middle of the NW Ohio cornfields, but not far to the big cities. Good luck and God bless
No mention of actual ROI! I suggest: clean, paint, do basic functional repairs, and ask a reasonable price. These upgrades shift huge cost to the seller so the realtor’s job is a snooze, the price is higher for their commission, and your real life profit is markedly reduced. If you do any of these improvements (which are all nice) do it for your own enjoyment first!
I don’t understand the reasoning behind how improvements below grade (such as to a basement) don’t add appraised value to a home. I know you didn’t make the rule, I’m just looking to understand how that works. Thanks for the great video!
Definitely disagree on the solar panels and home theater, especially with leased panels that push the cost to the new owner. Home theaters are also surprisingly niche, and are often too specific of an upgrade that it turns buyers away, similar to pools
It's one of those stupid truths about that real estate market that buyers obsess over things in homes that could easily be fixed or changed like something as simple and cheap as paint colors. Rooms with flexible use for different functions are another thing that stumps buyers, like a dining room that you might use as an office. Some people have no ability to visualize how they could a room differently.
Finishing the basement & adding egress windows and a walk out will add square footage to an appraisal
Thank you for your posting and channel. I enjoy your positive energy and your desire to educate people. I will continue to watch you.
I haven’t bought a home that perfect, but when I was about to sell realtors always wanted me to do lots of works even if the home was in a great condition.
Great info. I knew before hand thar Kitchen and Barhroom renovations add value like crazy for a home, but considering all the other options is something I didn't know. Keep it up with the videos man 🎉
Your have such great advice! Love your videos
This is also a good list of things a savvy buyer should try not to get hung up on or swooned by. Same for your prior video about bad ROI renovations. For example, all else being equal, you could get a great home at a discount just because of an outdated kitchen. Conversely, if you really want a pool, finding a house that already has one is likely going to be cheaper overall than buying a house without one and then installing one.
I live just south of Houston. Grew up and lived most of my life in South Louisiana.
Great video
Love your videos. Also was taken aback by the $15k price for adding a room and bathroom. Sounded to me like a $40,000 job…But I guess it’s different if you can do the work yourself.
Regarding the paint.