Andrew J. Abu Inc., Realtors®
Mark Peris, Andrew J. Abu Inc., Realtors®Phone: (508) 523-6239
Email: [email protected]

Property upgrades: A guide to increasing the value of your home

by Mark Peris 01/09/2023

Blue and green image about renovation projects

The best renovations and home improvement projects enrich the space while also increasing the value of your property. Here is a basic guide to help you boost the resale value of your home with the right repairs. 

Add value to your home with the right updates 

Start by freshening up the paint on your walls. New paint can help smooth over scratches that have appeared over the years. It can also give the space a clean aesthetic. Keeping your color palettes neutral will appeal to a wider range of buyers. 

Curb appeal is another important area to focus on. For example, replacing a worn front door with a new steel one. Small home renovations can improve your home appearance and in turn catch more attention. 

What renovations can decrease home value? 

When upgrading your home, be careful of adding overly unique or trendy upgrades. Adding a large concrete statue in the front yard might suit your tastes, but could turn away potential buyers. It’s best to keep things neutral when selling your home.  

What increases value to a property as a whole?

When planning your home improvement projects, think about what potential buyers are searching for. Start by identifying outdated areas of the home, like flooring and fixtures. Creating a clean and warm atmosphere is also essential. Make the house feel like a home. 

Sweat equity 

Home repairs can be tedious, but the right amount of sweat equity can go a long way. Sweat equity refers to the emotional and physical effort put into something. Once you put together a list of home improvements needed, you can put in effort to get it done. 

Upgrade your outdoor living space

Your yard is an extension of your home. Enhancing your outdoor space can improve the appeal of your area and significantly boost home value. One common upgrade is fixing or adding a patio. A patio provides a comfortable place to enjoy the outdoors. 

Also consider adding an outdoor fire pit to complement your patio. Fire pits give warmth and will give a cozy vibe to your yard. 

Budgeting for renovations to increase your home's value

When budgeting for home renovations, consider your current financial status. Financing is a great option if you need larger amounts of funding. You can pay this off monthly, however, it may come with interest. If you pay out of pocket, you forgo owing anyone money, but it can be a strain financially. 

green and blue inforgraphic about making the right home updates

Remember, some of the best home improvements aren’t complex or pricey. Many simple upgrades can enhance the vibrancy of your home.  If you wish to sell your property, local real estate professionals can assist you in choosing the most valuable upgrades to consider.

About the Author
Author

Mark Peris

Mark comes to us with extensive experience in the real estate industry with over 20 years of experience working with buyers, sellers, and builders. Mark has been an active member of RACM, REALTOR Association of Central Massachusetts, since 2001 and has built a formidable reputation in Worcester county.

Consistently ranked among the top 10 Realtors in Worcester county with career sales totaling 300 million in pending and sold, Mark is an extremely valuable resource for those getting ready to list their home, purchase a new home, or build from the ground up.

As a Shrewsbury native, and a seasoned real estate professional, Mark joined Andrew Abu REALTORS and works side-by-side with a talented team of industry experts who specialize in market trends and local market stats, to keep ahead of the curve and combine home marketing with innovative technology and forward-thinking. His valued reputation with client's and business partners for the past two decades and proven success with record setting sales, will leave you in capable hands during any real estate transaction.