Tips & Advice Fleur Howgill September 26, 2023
Most homeowners have a home improvement project or two on their wish list. But for a variety of reasons – cost, time – they have not tackled those projects.
However, home improvement projects take on a greater sense of urgency when owners consider selling the house. That's when they really want to know what renovations will raise house value and which projects to prioritize when putting their home on the market.
The ROI of Home Improvement Projects
While no home improvement or repair guarantees a higher sell price, the goal of a pre-sale home improvement project is to get the home sold without spending more than the net value of the investment.
Home improvement projects can be time-consuming and costly but the projects are well worth the temporary inconvenience, according to a report from the National Association of Realtors® (NAR), with insights from the National Association of the Remodeling Industry (NARI).
The NAR/NARI 2022 Remodeling Impact Report looked at 20 projects to determine what raises house value as well as overall homeowner satisfaction. Here are the projects they’ve determined are most likely to lead to a return on investment when selling your home.
Projects that Can Increase Your Home’s Value
As you can see, there are a number of home improvement projects that homeowners can consider making if they want to sell their home for the best price and recover their investment. Some of the smallest projects – like new paint, landscaping the front yard, a closet renovation or refinishing hardwoods – can make a big impact on your home’s overall value with today's buyers.
If you are unsure which projects to undertake, talk to an experienced real estate professional. Fleur and Veronique know exactly what upgrades and amenities buyers in the Washington D.C. metro area are looking for. Contact Fleur or Veronique to get started.
Sotheby’s International Realty®️ and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. TTR Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies.
Stay up to date on the latest real estate trends.
Fleur and Veronique's passion for travel has significantly enriched their understanding of diverse cultures and unique requirements. Their personal experience as expatriates further enhances their ability to cater to the needs of an international clientele seeking insight into life in Washington DC. Fleur's remarkable history of achievements serves as a testament to her expertise. Don't hesitate to contact Fleur's team to discover more about how they can assist you!