Renovating houses is an ambitious pursuit that can be rewarding if you have the proper tools, expertise and patience to see the project through to completion. I am always searching for ways to maximize my investment, implement effective design strategies and get the most out of every rehab project.
What’s the best way to do this? There are plenty of ways to go about this process, but the best way I’ve found is to approach renovations with effective design and upgrades throughout a home. Here are three of the most effective upgrades you can make that will maximize your return on investment.
Tend to the Basics
If you ever hear the word upgrade, you may imagine switching dated laminate countertops for stylish granite slabs. This may be a good idea later on, but the best upgrades you can make right now are the ones that cover the home’s basic necessities. Nobody will care about the countertops if the roof is leaking, for example, so you’ll see the best return on investment when you tend to the property’s most basic needs first. Ensure the roof is in great condition, replace the gutters if necessary, and check to make sure the water heater is working properly. These may not seem like the upgrades that are likely to attract buyers, but without making them, you certainly might scare buyers away.
Upgrade Flooring for Durability and Décor
When you are planning the next stage of your rehab, you might be wondering what design elements will best attract people. This is a challenge faced by every person who has ever started renovating houses. You can’t predict what your buyers might be looking for, but you can cater to the needs each of them will have. Flooring is a great place to upgrade and capitalize on your market’s need for durability. Replacing old and worn floors with fresh and new wood, for example, shows potential buyers that the property is designed to last. Individual tastes vary, but buyers will always need durability, and your rehab should focus on this.
Purchase Nice Appliances
Fixtures can be upgraded to feature durable, high-quality craftsmanship, and this will always be appealing. Instead of wondering what trends to follow, invest in timeless design that will last. This is particularly applicable when it comes to upgrading appliances in your property. Choose a collection of appliances that are high quality, durable and stylish. People will pay more attention to the oven in the kitchen than the countertops, anyways, so be sure that you are placing emphasis where it’s most important. Design is only as good as its functionality.
Investing in your home’s basic features, flooring and appliances is the best way to ensure you maximize the return on your investment and make a great profit on your rehab. You can bet these three items are well worth the upgrade, and when you begin looking for buyers, they are bound to notice all of your hard work. Investing in quality upgrades will always give you the best results.