Deciding on which projects to invest in for
your home is a big deal. If you’re moving, you want to avoid putting too much
money into areas that won't create a return. On the other hand, when
you plan to live in your home for the long run, the benefits of your chosen
upgrades aren’t always reflected in your home’s value. Fortunately, there are
ways to balance your home projects so that you get the best of both:
functionality and return on your investment.
If You
Plan To Sell
Although we are stuck in what feels like a
perpetual sellers’ market, there are still plenty of things you can and should
rectify before putting your home on the MLS. According to home inspection
provider US Inspect, this includes leaky toilets, slow drains, and
tripping hazards, such as loose carpets. Other repairs or changes to the
interior or exterior will be defined by the local market.
Your Rural KC agent can help you decide on any
other upgrades, updates, or repairs needed before you sell. Keep in mind,
however, that you will want to go ahead and plan to stage your home to maximize
its appeal. A room-by-room organization system and new light switches don’t
sound like much, but it will go a long way toward improving the perception of
your home. Another idea is to get rid of extremely dark and oversized furniture
and stage your home with modern options that
brighten and widen each room.
When
You Want To Stay
Deciding which improvements to make when you
plan to stay in your home is much easier. A general rule of thumb is that if it
increases your quality of life, reduces costs, or helps you better utilize your
space, then it is a good investment.
During the spring, summer, and fall, it might
be best to start with outdoor upgrades. You can build a patio and fire pit, for example. Both projects utilize pavers and a bit of ingenuity but are a great
way to enhance your time outdoors. You might also consider fencing in your
backyard, especially if you have a swimming pool. Keep in mind here that you
will have to know your property line and, if applicable, any easements that you
will have to workaround. In this instance, it might be best to outsource to a
fencing company that will know how to pull the pertinent permits.
On the interior, focus on rooms that help you
use them most efficiently. This might be your kitchen, where new countertops
and appliances will go a long way toward creating a luxury cooking experience.
You might also spend a weekend painting and installing new
hardware in your guest bathroom. If you plan to have visitors in the
near future, these little touches will help them feel more at home.
How To
Know When You Need Help
You can do many projects on your own if you’re
comfortable with tools and don’t mind doing a little research. But, there are
some areas that you should always consult a professional first. Like installing
a fence or other outdoor structure, the electrical, plumbing, and HVAC systems in your home require special permits or licenses. These are
also expensive, and you have to have extensive knowledge in each area to ensure
that it’s done safely and correctly. Poor workmanship here can cost you tens of
thousands of dollars and put your family at risk.
Picking and choosing which projects to
complete in your home aren’t always easy. When you plan to move, you’ll want to
be extra selective to ensure that you are updating only what’s necessary for
the home to be functional and more in demand than the next. But, when you plan
to stay, don’t be afraid to go all out, even if it means calling in a
professional. While you may spend more money, you’ll gain quality of life in a
house that you’ve made your home.
Thank you to Mike Longston for his contribution to our blog this week. As always, if you have an interest in buying or selling rural property, give the Rural KC Team a call. 913-837-0760 or 913-837-0411. Visit Ruralkc.com for the latest in country living.
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