Home Updating in Santa Fe - Tips & Tricks

Renovations - Home Updating in Santa Fe

The value of your home is determined by the fluctuations in the real estate market. While this is a factor that is out of your control, one way to increase the value of your home and property is with renovations. Home updating in Santa Fe through various renovations is a fluctuation that you can actually have control over. In other words, there are small fixes you can tackle that are low in overall cost but produce the most return in value.

Selling or Staying?

Before you start working on any kind of renovations to your home you must first determine what you are trying to achieve. For example, if you are considering putting your Santa Fe property on the market, you will want to look at renovations that are more cosmetic in nature. These kinds of updates essentially make your home more attractive to potential buyers. These projects can range in size from simple painting to a complete replacement of lighting fixtures, doors or appliances.

If your motivation for home updating in Santa Fe is to make your home more livable or functional while you are living in it, the projects will be more structural in nature and will be larger in scale. These projects can include the addition of more rooms, yard landscaping, an outdoor water feature like a pool or fountain and countless other home improvements.

Room Renovations – The Top Two

There are two rooms in your home that will produce the best return on investment when increasing the value of your property. They are the kitchen and bathroom. The kitchen is a magnet to new buyers and the average rule of thumb is to spend no more than 5-percent of your home’s total value on this upgrade. Kitchen projects that are perfect for home updating in Santa Fe include replacing the countertops, cabinets, hardware and light fixtures. Additional kitchen renovations to consider are the replacement of the sink and backsplashes. A kitchen with these improvements will add value to your home the moment the job is complete. New appliances, the addition of more natural light, a breakfast nook, and a cooking/preparing island are all nice improvements that increase the value of your home.

The second best room to focus attention on when home updating in Santa Fe is the bathroom. This is a space where you can spend less than 3-percent of your home’s total value and see a huge return. Look at renovations in the bathroom as a way to replace signs of use which means projects can include such things as new lighting and fixtures, a new sink, tub and accessories. A replacement shower will also enhance the look and function of the bathroom. Added natural light sources, a new coat of paint and new flooring can add up to a nice increase in the value of your home.

Other Projects for Home Updating in Santa Fe

Increasing the value of your home, regardless of whether you intend to sell or keep it, is not just restricted to work on the interior of just two rooms. Additional improvements that have an effect on the value of your investment include flooring, windows, landscaping and painting/staining. Hardwood floors are not only popular, they are practical. As this kind of flooring is much easier to keep clean than carpeting, it is a good renovation choice.

Home Updating in Santa Fe - Windows

Replacing windows as part of your home updating in Santa Fe is wise because utility costs are directly impacted by this renovation project. By replacing existing windows with an energy efficient alternative, energy bills will be reduced which not only increases the value of your property, it reduces the operating costs of keeping your home.

Home Updating in Santa Fe - Landscaping

Nothing brings more ‘curb appeal’ to your home than landscaping and painting/staining. Landscaping covers a whole spectrum of improvements for home updating in Santa Fe including a new lawn, or no lawn – known as xeriscaping – where rocks and gravel replace grass and shrubbery. The addition of a garden, deck or patio or increasing the size of them to improve the quality of your outdoor living space all work to increase your home’s value.

Home Updating in Santa Fe – Paint and Stain

The finishing touches come from painting or staining of everything from the ground to roof, fencing, decks and all other surfaces that could use a new, fresh look. In fact, most real estate agents will tell you that if you plan on only one renovation project to help add value to your home and are on a tight budget, paint or stain is your best bet. It makes everything look new or will assist in erasing the aged look of wood and other surfaces.

Final Thoughts on Home Updating in Santa Fe

Although any of the renovation projects discussed here will add value to your home investment, the real estate market will still control how much that will be. Adding value to your home is always a good idea as it will make your home more attractive to you, visitors and – if you are selling – potential buyers. Considering the market will be the determining factor, it is good to know that you can nudge the selling price up a little just by doing some home updating in Santa Fe on your own. For a better idea on what improvements would be best for your specific home, contact Showhomes for further information.