4 Ways to Get the Biggest Bang for your Buck in Home Updates

Fewer listings and
higher prices in the real estate market have persuaded some homeowners to
invest in their home with remodeling or updates instead of moving. This means
that the prices for those services have also increased. With most bathroom
renovations costing $20,000 or more, and many kitchen renovations costing north
of $50,000, it is important to consider several angles
in determining how best to spend your money with home updates.


1.  End Game

What are your goals?
Do you plan to live in the house 3 or more years? If so, invest in updates that
will help you to enjoy your home, increase functionality, and solve problems.
If you plan to sell within 36, months, you may want to invest in classic
updates that could improve the home’s selling features, such as updated
countertops and other kitchen and bathroom upgrades.

 2.  Price

Most people have
budgets that will dictate the type of update that is possible. In many cases,
it is better to invest the large majority of the budget to one specific update
(such as a master bath renovation), rather than lots of smaller updates that
may not have as much impact overall.


 3.  Timing

Given the demand for
updates, you may want to choose your improvements based upon the best timing
for you and your family. Many painters prefer to work in the exterior during
cold, rather than the hot months. Ask contractors if there is a discount if you
are flexible on your timeline. Sometimes they like to fit smaller projects in
between larger one, and it could be in your best interest to be patient.

4.  Work with a Professional

Contrary to belief,
working with an interior decorator to design professional can save money in the
long run. These individuals are well-versed in hiring trusted and competent
contractors, hedging problems and challenges, and making the updating process
smooth and less stressful overall.

In most instances,
updates add value to a home, both aesthetically and financially. Weighing why,
when, what, and how you do those updates is worth measured consideration.
Showhomes is an expert at helping buyers, sellers, and even those choosing to
update their existing home. We would love to help you or your clients on their
next home renovation!

Laura Landesman, Certified Professional Real Estate Stager, is the
Owner of Showhomes of The Woodlands in The Woodlands, TX.  She is a Real
Estate Staging Association-PRO member and is passionate about the power
of home staging and updates to maximize a home’s sales price and get fast
offers. Thanks to Lorelie Brown, owner of Showhomes Charleston, for her
contributions to this article.


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