Whether you’re a homeowner or a real estate investor, it’s always important to know how to add value to your home. Many upgrades and renovations have a higher rate of return than others, and it’s helpful to know them to make the best possible investment in your property.
Here are some of the home upgrades with the highest returns on investment to consider:
Add a deck or patio
Outdoor living is a big priority for many potential homebuyers. Adding a patio or building a deck in your backyard is one way to add to your home value. Consider your choice of materials carefully, though. Some building materials can cost more up front, but will be cheaper and easier to maintain long-term.Spruce up the bathroom
Most home improvement experts recommend focusing on bathroom renovations to add home value. Luckily, it doesn’t take a complete remodel to reap the rewards. Simple changes like replacing fixtures, adding storage space and repainting can result in a considerable payoff.Increase energy efficiency
Energy efficiency is a top priority among potential buyers, both to help the environment and save on utility bills. Simple upgrades like installing a smart thermostat and energy-efficient appliances are high ROI projects. You can also consider more extensive upgrades like replacing windows, insulation and HVAC system.Revisit landscaping
Landscaping is an often overlooked area of home improvement that can bring in massive returns. Trim shrubs, prune trees and plant new, low-maintenance greenery to refresh your outdoor spaces and enhance curb appeal. Other upgrades include installing simple water features, garden pathways and lighting.These are just a few of the best ways to invest in your property and add value to your home. Consider these projects and others like them if you’re interested in boosting your ROI.
About the Author
Pablo Torres
Pablo Torres is a qualified Real Estate Agent with over 10 years experience in real estate sales, due diligence and contract negotiations. Knowledgeable of South Florida neighborhoods. Currently, Pablo focuses his skills on all markets in the Miami metropolitan area.
He has the ability to understand sellers, buyers and renters needs with excellent communication. Fluent in English and Spanish with working knowledge of Portuguese. Pablo has impeccable reputation and a passion for real estate.
He graduated with a degree in International Business from Florida International University (1998) and a masters in business administration from Nova Southeastern University (2003). He had embarked on a career in commercial banking before being driven to switch to one of his passions-real estate.
Dedication, perseverance and punctuality allowed Pablo to sell different types of properties. His expertise with South Florida's cultural diversity has allowed him to sell real estate to both buyers and sellers.
Part of what makes Pablo so successful is his dedication to exceptional customer service and his devotion to their needs, whether they are buying or selling properties. Pablo has many repeat customers who cite his willingness to work long hours to resolve the toughest issues, as a reason why they stick with him. Torres integrity, attention to detail and careful handling of a transaction, exceeds their expectations. Sellers know that Pablo's extensive and personalized marketing strategies, means that their listing is seen by most buyers.
As a real estate professional, Pablo has the tools to represent your interests in virtually any transaction. Pablo's ability to interview, reason and figure out the smallest details makes every successful transaction a seamless process. Pablo is the right real estate professional to hire.
