Selecting the most impactful renovations is essential when investing in your luxury home. According to the National Association of Realtors, consumers remodel to modernize finishes, surfaces, and materials, adding features for better functionality and livability. Homeowners also remodel when they want to change their surroundings. Another reason homeowners decide to renovate is to increase their return on investment. Typically, the more you invest in your home, the more money you will make when it is time to sell the property. However, selecting the best renovations is an essential part of the process. Below are renovations that can help increase your return on Los Gatos real estate.
Upgrade the kitchen
The heart of every home is the kitchen. It is the gathering place for friends and family to spend time together, reconnect, and feed the body and the soul. Therefore, kitchen remodeling tends to top most people’s list of importance when looking at return on investment. Buyers are looking for a space that not only meets their basic needs but also boasts the latest in appliances and technology trends, luxury finishes, and an elevated aesthetic to increase their quality of life.
Traditionally known as one of the most expensive renovating options, a kitchen renovation also provides a lot of bang for your buck. On average, kitchen upgrades return 67% of the value of the project. Additionally, this upgrade is something current owners can easily enjoy before listing their homes for sale, and makes for a huge selling point for future buyers.
There are scores of kitchen trends to choose from in today’s market. When selecting which trends to incorporate into your kitchen, try focusing on luxury upgrades while encompassing innovative yet functional design elements to keep your kitchen renovation appealing to a broader audience.
Other upgrades include keeping a minimalist kitchen design with plenty of marble or other high-end surfaces, intentional lighting, and camouflaged appliances and storage. Work with your architect to create a multi-use area with a desk, office space, study area, or window seat for everyday enjoyment. Evaluate your current seating and determine if you can increase your seating options by adding a bar or breakfast nook. Lastly, incorporate a practical yet beautiful kitchen pantry to keep your space neat, tidy, and luxurious.
Renovate the bathroom
Bathrooms rank high regarding return on investment for Los Gatos homes for sale. Most home buyers want to avoid taking on a bathroom renovation before or during their move-in process. Having a spa-like primary bathroom creates a significant selling point for most buyers. According to the National Association of Realtors, a bathroom renovation provides a 71% return on investment.
Renovations in the bathroom consist of both functional and aesthetic features. For example, new tile and grout may be a necessity. If so, be sure to select an upscale, timeless design. While it may be tempting to choose the latest trends, consider a balance of trendy versus classic. Bathrooms with radiant heat flooring, heated towel racks, tankless water heaters, and expansive showers add luxury to any bathroom and elevate the spa-like experience. Of course, upgraded countertops, cabinets, and plenty of storage produce a desirable result, attracting high-end buyers to your luxury home.
Update landscaping and curb appeal elements
Since your home’s curb appeal is one of the first things potential buyers will see, it is critical that your landscaping and overall curb appeal are in tip-top shape. Have your landscaper conduct a full-yard clean-up, manicuring the flower beds and lawn and planting flowers throughout your yard. Take a good look at your front door. While you may use a side or garage door as your everyday entry point, potential buyers will enter your home through the front door. Does it need painting or replacing? Is the area well cared for or in need of maintenance? A contractor can ensure this crucial area of your home is ready for potential buyers. Add flowers and simple furniture for a welcoming aesthetic to your front porch.
Maintain windows, siding, gutters, and roof
Ensuring your windows, gutters, roof, and siding are in good condition is essential for potential home buyers, and increases your return on investment. Have your windows professionally cleaned, and complete repairs or replacements by hiring a contractor to take care of these items immediately. Additionally, have your roof inspected by a professional. It is better to know upfront if there is a potential issue rather than wait for a home inspector to discover a problem. Ensure your gutters are in proper working order and clear of debris. Lastly, if you have siding or stucco, have it professionally cleaned, repaired, or painted if necessary. Attending to outdoor maintenance issues ensures your home reflects the indoor and outdoor beauty of your home.
Upgrade the flooring
Home buyers in the luxury market looking for Los Gatos houses for sale expect high-end flooring throughout any home they consider purchasing. Outdated laminate flooring, broken or missing tiles, old carpet, or scratched hardwood flooring can be deal breakers for potential buyers. If you currently have hardwood floors, have them professionally refinished before listing your home. According to the National Association of Realtors, refinishing hardwood floors creates a 147% return on investment. If you don’t have hardwood floors, consider replacing your current flooring with hardwood for a warm and classic look. If you have carpeting, have it either professionally cleaned or replaced. Thoroughly clean tile floors, ensuring they are free of dirt, mold, or mildew.
Interior and exterior painting
To instantly improve the interior of your home, hire a professional painter to either touch up or paint the walls of your home. Paint over dated or flashy colors, ensuring an inviting aesthetic for potential home buyers. Fresh paint instantly elevates your home’s appearance and brightens the overall look and feel of your home’s interior.
Contact the Veeravalli Team for a professional real estate team specializing in buying and selling luxury properties in the Los Gatos area. Their dedication and attention to detail will ensure you experience a successful home-buying or selling journey.
