If you want to increase your home’s worth and recoup as much of your investment as possible, you should prioritize those renovations that do so. Whether you’re selling your San Diego, CA home and relocating across the nation, or you simply want to make improvements that you’ll appreciate for a long time in the future, ask yourself, “Will this home improvement really pay off?”
Painting
Painting the walls of your home is a quick and affordable method to make a big impact on its overall look. The typical cost of hiring a professional to work on a 1,900 square foot property is between $2,600 and $4,000. Doing it yourself will save you over fifty percent of that money.
But then again, you should think about your experience and the time you have before starting to paint your house.
Kitchen Update
Buyers are more likely to be interested in a house with a modern kitchen. It’s possible to make major changes to your kitchen without spending more than $50,000.
By adopting environmentally sustainable practices, you can realize cost savings. Younger, more environmentally conscious consumers will be attracted to Energy Star certified appliances. Instead of replacing old cabinets, you can save money by repainting or refacing them. An old kitchen might seem fresh with a new faucet, new lighting, or new drawer knobs.
New Flooring
Hardwood flooring is highly sought after by homebuyers due to its aesthetic appeal and longevity. This is a pricey improvement, and the final cost will depend on the components you select.
The cost of having a professional install 200 square feet is anything from $2,000. If that’s too much money to spend, consider DIY flooring options like laminate or vinyl plank.
Immaculate Law
Maintaining a beautiful lawn will increase your home’s resale value. The best-looking drought-resistant lawns are typically comprised of Bermudagrass, tall fescue, and St. Augustine.
Because the soil contains a high quantity of sea salt, it may be difficult to keep other kinds of grass alive and well.
When considering renovations that could increase your home’s value, synthetic grass is a huge no-no. Potential buyers who have children or pets will be turned off by a fake grass.
Hardscaping
Your outdoor space may be more multipurpose and low-maintenance with some well-placed hardscaping (everything that isn’t living, like plants, flowers, grass, etc.) features. Some hardscaping ideas include: adding a firepit, building a patio or deck, replacing cracked walkways with new pavers, etc.
Final Thoughts
The old adage “spend money to make money” holds true. This is especially the case when it boils down to home upgrades. You may increase your home’s resale value by quite a bit if you invest some money into maintaining it.
In San Diego, these upgrades will bring the highest return without breaking the bank: new paint, updated kitchen, EnergyStar appliances, new landscaping in the front and back yards, and a fire pit in the backyard.