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| North Shore Home Renovations |
When you sell your North Shore home, you want to ensure that
you’re getting the best price possible for your home! This might mean making
some upgrades, if your home is outdated. As your North Shore real estate agent,
I’m here to inform you which renovations are smart, and which are smarter to
skip.
It’s important to realize that not all home upgrades are
equal! Some have impressive returns on investment, or ROI, meaning you’ll get
back most of what you put in. Others don’t have great ROI and could actually hurt
your home value.
So, before renovating and selling your home in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities,
check out the best and worst home renovations:
Renovations to DO for your North Shore Home
Kitchen upgrades – Buyers love their kitchens! This is a
make-it-or-break-it room for buyers. While an entire kitchen remodel costs a
lot of money and might not pay off, small upgrades can go a long way, such as
fresh paint, new counters or backsplash, or energy-efficient appliances.
Bathroom upgrades – Buyers love bathrooms and put a lot of their focus here as well. Create a space of tranquility and sensibility. An upgraded vanity
is one great option, especially one that adds extra cabinet space or double
sinks.
Paint – Freshly painted walls is one of the most affordable
upgrades you can make for the best return on investment! Neutral, light colors
appeal to most buyers. If you have wallpaper, you might want to consider taking
it down and painting instead. Buyers don’t want to deal with this hassle.
Doors – Upgrading the doors of your house is a great way to
modernize it, especially the outdoor doors, such as the front door or garage
doors. A new front door yields the best ROI of all upgrades! If your door is
already pretty new, consider giving it a fresh coat of paint.
Renovations to NOT DO for your North Shore Home
Sunroom – While some buyers will appreciate a sunroom, it’s
more of a novelty than a utility. Most would rather have more outdoor space to
enjoy. The ROI is only 45 percent for a sunroom.
Pool – This entirely depends on the buyer. Some families
with kids would love a pool. But, per the price of installing and maintaining a
pool, the return on pools is less than 25 percent and could deter buyers who
don’t want the hassle.
Flooring – With so many options these days, flooring is a
very personal choice. There’s a good chance your buyer will rip out your new
flooring for their own choice, and buyers feel very strongly for or against
carpeting. Your best bet is to clean or polish what you already have.
Converted garage – It sounds like a good idea, because buyers
appreciate extra living space, but more buyers appreciate a place to store
their cars, especially in the winter.
For more examples of renovations to make or skip, check out
this MSN Money article. For help selling your North Shore home, contact me,
your North Shore real estate agent! I am here to answer any home-selling
questions you may have, and to help you achieve your real estate goals in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities. Give me a call today!
Janie BressYour North Shore Real Estate ExpertNorth Shore Real Estate
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