Home Remodeling with a Nod Towards a Future Resell

When you begin thinking about remodeling your home, do you also consider the home's resell potential? Some understand the home they are living in now has never been intended to be their forever home. The home is purchased with visions of starting their married life and changing as their family size changes. Or, relocating to a new job or college knowing there is a high probability of a move as they climb the career ladder. Or, this home is as a stepping stone until they figure out what's next and what they really want. And for others, as soon as they walked through the front door, they knew this home as their one-and-onlythrough all phases of their adult life. If your plans include a future resell, keep reading for some tips to consider around home remodeling with resell potential.

ROI Value-Driven Updates

What if you could make updates that enhance the resale value of your home, where would you begin? On average homeowners can anticipate ROI's ranging from 30%-65% when they remodel. These types of updates often happen with room additions and through upgrades.

New Room Additions

Consider one of these rooms:

Kitchen Expansion:The kitchen is the heart of the home and central hub where everything happens. This high traffic room needs space plus good flow to accommodate a busy family especially if there will be many hands helping with meal prep and clean-up or simply hanging out. Adding an addition to this room packs on desirability in the eyes of home buyers.

Second-Floor Addition:When you don't have the space to build on to the ground level, think up. Yes, adding a second-floor is an excellent solution for increasing the square footage of a home.

Additional Bedroom or a Bedroom Suite:Today's buyers often include four or more bedrooms on their wish list. The added space allows for guests, for converting to a home office, or for bringing a parent needing personal care to live with an adult child and their family. After running the figures, it could make sense to add an in-law suite complete with a spacious bedroom, bathroom, walk-in closet, and outside access to a private patio or balcony. Converting a primary bedroom into a bedroom suite gives you ample space to create your own relaxation oasis.

Additional Bathroom:Homes with a minimum of three full bathrooms rank high on buyers want lists. Bathrooms are smart additions.

Of course, these additions may come with extra cost and stress dealing with HOA or lot capacity restrictions but it's worth the conversation and exploring your options.

More Value-Driven Updates

What if you're looking for a remodel project instead of adding another room? Consider one of these:

• In the Kitchen:Review each appliance to see which may be aging out. Which ones have evolved to have newer features you would like? Can you get an energy efficient model? As you're walking through the kitchen, how's the general flow between work areas and where could you use a bit more elbow room? You may find relocating things is the solution to a better workflow.
• Bathroom:Add some energy-efficient options to this room such as upgrading the fan, the lighting, the toilet, and the showerhead. These are all small changes with a big impact on your utility usage.
• Outdoor Living Space:Whether you decide to build a deck or spurge on patio seating and décor, the Houston weather permits many days to get outside and enjoy your outdoor living space. Soon you may discover this is one of your favorite places to spend time with family and friends.

Choosing Colors

Now that you've decided where you want to remodel, your next thoughts may be turning to choosing a color(s). While the popular vote suggests sticking to neutrals, grays, or shades of blue, it's essential to paint and live how you want, in your own home. Buyers anticipate changing paint colors.

So, if you love the color purple and your heart is set on a lavender bedroom or bathroom, do it. It will make you smile each time to step into the room. Later on, if you decide to resell a can of paint is a small expense to change the color.

Since 2004 Sara Lyn Nguyen continues to bring a wealth of knowledge and expertise about buying and selling real estate around the Houston area to those she serves. Sara is a multi-year award winning REALTOR® and relocation specialist where her clients trust her to have up-to-date information on the real estate market. She has been one of Gary Greene's Multi-Million Dollar Top Producers, and citywide was the #2 Top Producing agent in 2020, #3 in 2021, and #2 in 2022. When it's time to buy, sell, invest, or relocate speak with a trusted professional knowledgeable in thehomes and neighborhoods of Fort Bend/Sugar Land and the surrounding region.