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100 Painters Mill Road Suite 200
Owings Mills Maryland 21117
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The Best Renovations to Increase Your Home Value

While most homeowners decide to renovate their home in order to make it more comfortable and to better meet their needs, they generally also want to eventually see a return on their investment. However, all renovations are not created equal and if you’re not careful, you may not see the return that you’re hoping for. In this week’s blog, learn more about how to plan your renovations to maximize your home value and which renovations are the most cost-efficient.

increase your home value

If you want to increase your home value, these are the best renovations to consider.

Don’t over-renovate for your neighborhood

The most important consideration when it comes to home renovations is neighborhood values. Let’s say you live in a neighborhood with modest homes that sell for an average of $200,000. You purchased your home for $180,000 and you have decided that you want to improve your kitchen. It might not make sense to pour $50,000 into that one renovation because you probably won’t be able to sell your home for more than $230,000. A great way to decide how modest your renovations should be is to visit a few open-houses in your neighborhood to get a sense for how others have redone their homes.

Kitchens

When it comes to home renovations, the kitchen is king. This isn’t surprising considering the fact that the kitchen is the heart of the home and so many buyers will be swayed by the state of the kitchen. When thinking about ROI, it’s wise to avoid investing in renovations that are too trendy and will look dated with time. Instead, focus on timeless updates such as upgraded flooring and modern countertops.

Bathrooms

Small improvements to your bathroom can make a big impact, but it’s important not to go too crazy to see the best return. Instead, focusing on small but impactful upgrades such as new light fixtures, molding, and paint can bring your bathroom into the 21st century without requiring a huge investment of time or money.

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At Residential Title & Escrow, we bring peace of mind to the settlement table. If you are looking for a title company to help you through the closing process, please contact us today! You can also fill out our simple online title request form and one of our knowledgeable representatives will get in touch with you promptly. Be sure to follow us onFacebook, Twitter, Pinterest, and Google+ to stay up to date on industry news and events.

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Residential Title & Escrow Company
100 Painters Mill Road Suite 200 Owings Mills, Maryland 21117
Phone: 410-653-3400