As the owner of a single-family residence in Irvine, you have a significant advantage in terms of living in one of the most vibrant real estate markets in the United States. This fact alone makes your property valuable, and you can always build more equity with the right renovations. However, not all home improvement projects add value. For example, the cost of a garage conversion tends to be considerably higher than its potential return on investment. If you’re thinking about listing your home for sale, Irvine real estate experts want to share five renovation options that are certain to boost the value of your home.
1. Kitchen Remodel
Ask any professional real estate agent in Irvine about what clients pay attention to when they tour a single-family home listing, and they will likely tell you the kitchen is a main focal point. If you have a lot of space in your kitchen, you may be able to add a breakfast bar or nook. If space is limited, upgrade the counters, cabinets, and appliances. Remodeling your kitchen will allow you to recover between 60 and 200 percent on your investment. Unless the rest of the home is luxurious, the kitchen improvements do not have to be too elaborate.
2. Energy-Efficient Updates
From insulation and HVAC systems to windows and appliances, energy-efficient solutions are being sought more than ever by homeowners and homebuyers alike. Smart thermostats, properly sealed doors, and windows with Energy Star ratings from the Environmental Protection Agency can result in immediate savings thanks to reduced monthly utility bills and green energy tax credits.
3. Curb Appeal and Outdoor Improvements
Popular home improvement shows such as HGTV’s Flip or Flop often introduce a property by showing how little curb appeal it has before the buyers set out to remodel it for potential profit. Enhancing the exterior look of a single-family residence can add a great deal of value in hot real estate markets. Fixing up the exterior siding, paint, and landscaping can help your home stand out in the neighborhood and look more attractive to appraisers and prospective buyers.
4. Outdoor Deck
This project will not only make your backyard or swimming pool area more appealing, but also justify a higher sales value, particularly if you already have a swimming pool. A deck project can easily provide between 70 and 100 percent on your investment, and it can be completed in various stages. You can always start off with the deck surface and later add extras such as an outdoor grilling area and flower beds. Depending on your ambition and budget, a deck project may cost between $2,000 and $12,000.
5. General Upkeep and Maintenance
The smartest home improvement projects tend to include the most basic maintenance tasks. Painting the interior and exterior, deep cleaning the carpets, removing mold, patching up leaks, eliminating stains, and replacing damaged fixtures can add more value to a property without a large amount of effort or money.
Whether you’re looking to sell or buy real estate in Irvine, get in touch with the trusted agents at OC Residential today. We can manage all your local real estate needs. Call 714-454-6304 today to schedule an appointment.