Maximize Your Return on Investment

Often times we are asked what kind of a return will we get on our investment when updating a home.  The return is often subject to the price point of the home, location and quality of craftsmanship.  Having uncle Ed show up and slap together a “New Kitchen” is going to be less appealing to a buyer than bringing in a pro.  I did a quick search in Google to see what came up and found a great article from HGTV called “Top 15 Home Updates” – Click here for the full article and read their suggestions on each of the following updates.

Here is what was listed (in order) of average return on investment:home-improvements-Keller Williams

  1. Minor Bathroom Remodel
  2. Landscaping
  3. Minor Kitchen Remodel
  4. Exterior Improvements
  5. Attic Bedroom Conversion (if applicable)
  6. Major Bathroom Remodel
  7. Major Kitchen Remodel
  8. Deck, Patio or Porch Addition
  9. Basement Remodel
  10. Replacement Windows
  11. Family Room Addition
  12. Bonus Room Updates
  13. Living Room Updates – Decor
  14. Bedroom Updates
  15. Living Room Updates – Walls and Floors

Putting the effort in on the front end of listing a home always shows up in terms of offers and offer price.  It is always important to consult with your local Real Estate professional prior to making any drastic changes to the home as adding an addition or something sizable of that nature does not always translate to market value.  Your local Realtor will be able to establish a range for market value in addition to potential value.

About the Author

Katy Korby is the CFO of the Korby Home Team. Her passion is ensuring that our clients have an out-of-this-world experience selling their homes with the Korby Home Team. Katy comes to us with a diverse background and a unique skill set that enhances the client experience. Her attention to detail and care for people make her a wonderful asset to the team. Graduating with a degree in Theater, Katy has performed in numerous plays and most recently starred in a locally produced indie film that is being entered info film festivals around the nation. Katy’s experience in the work world include many positions within the accounting world including tax preparation, bookkeeping, and full-charge accounting. Most recently before joining the Korby Home Team, Katy was the Market Center Administrator for Keller Williams Integrity Realty in Roseville, where she was the full-charge accountant and handled budgeting and forecasting for the company as well as day to day operations and administration of an 80 person real estate office. Katy and her husband have two children, Libby and Calvin, and have lived in Como Park for almost two decades. In 2013, Katy completed the Tough Mudder 10 mile event and is a proud member of the “Finishers” group! For fun, Katy loves reading, photography and gardening and spending time with her family.