Looking to sell your home in today's market and get the best return on your investment? The 2022 Remodeling Impact Report from the National Association of Realtors (NAR) highlights popular home improvements and what sort of return they bring for the investment (see graph below). Investing in remodeling projects, such as adding or refinishing hardwood floors, changing out garage doors, or replacing a roof, can add significant value to your home and help it stand out from the competition.
Even with historically low inventory, a well-presented and updated property is still likely to sell more quickly with potentially multiple offers and for a higher price. Working with a trusted real estate agent who can help you determine which updates are most valuable in your local market and identify the projects that will appeal to buyers is crucial.
Remember that you're making these updates for someone else, so prioritize projects that will help you sell faster or for more money over things that appeal to you as a homeowner. Your real estate agent will have the latest insights on what buyers are looking for in your area and can help you make informed decisions about which updates to prioritize.
NOT ALL UPDATES ARE CREATED EQUAL
Maximizing your home's value is easier than you think! Work with a trusted advisor and invest in remodeling projects to make your home more appealing to buyers. Let's get started!
