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Increase Your Home Value with these Designer Tips

by Melissa Thompson


When designing and decorating your home, unless you plan on living there forever, it’s important to consider resale value.  Since your home is likely your largest asset, you want to be sure to get the highest return on your investment when you sell it.  So, design upgrades should not only appeal to your aesthetic desires, but should also have a positive impact on resale value.  Here are some tips for renovations that designers have found to be most beneficial in helping houses sell:

  1. Choose a design that makes a room feel bigger than it is.  If you select and place furniture to fit the scale of a room, it will go a long way in making the space feel larger than it actually is.  Even though buyers will know the square footage, the perception of rooms being larger will have a powerful impact. When rooms feel more spacious, buyers see more potential in the home.
     
  2. Stick with tradition.  If you are redesigning a room, don’t feel like you need to get rid of everything you have and purchase all new things. Keep some of the home’s traditional elements. You’re never going to please every potential buyer, but making too many changes can backfire. People like to see homes that stay true to their roots.
     
  3. If you don’t have a walk-in closet in your master bedroom, add one.  A roomy, functional walk-in closet will add value to any home. Buyers see it as a luxury and are always excited to see one.  It might feel like an expensive upgrade, but it is one that will pay off in the long run.
     
  4. Don’t neglect the kitchen.  Of all the rooms in your home, an upgraded kitchen is the one that will get you the best return on investment.  The kitchen is the heart of the home. Even if you don’t love cooking, and order out more than you cook, it’s still used for eating, drinking, and storage.  You don’t even have to do a lot to make your kitchen stand out.  Even small upgrades like new light fixtures and hardware will add value to your home.
     
  5. The more storage your home has, the better. Buyers seek homes that provide a lot of storage space.  You truly can’t have too much!  If your home is lacking in storage, adding some will increase its value.  You may have to be creative, but it will be worth it! 7 Sneaky Ways to Add More Storage All Over Your House
     
  6. Fresh paint makes a huge difference.  You don’t have to make huge changes to make your home more appealing.  A simple, fresh coat of paint can give your home a whole new look and feel.  It’s one of the most cost-effective ways to update your home.  When choosing colors, stick with neutrals because they are a safer choice when selling your home.
     
  7. Be environmentally friendly. Millennials purchasing homes are looking for energy efficient, environmentally friendly options. You will not only reap the benefits of living in a more energy efficient home, but you will impress potential buyers who want to do their part in protecting the environment. 4 Eco-Friendly Upgrades for Your Home
     
  8. Bathrooms get you a lot of bang for your buck.  Second only to kitchens in importance to retail value, an upgraded bathroom is sure to impress potential buyers.  Since they are small spaces, little changes like replacing an outdated vanity, changing light fixtures, and updating hardware can go a long way. 

Whether you plan to be in your home for a long time, or you’re thinking of selling soon, make smart choices with your home design upgrades for your own enjoyment and for a great return on your investment.

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor, Melissa Thompson, and let her help you with all your real estate needs! Give her a call at 901-729-9526 today!

Photo Credit: pinterest.com

Top 4 Home Renovations for Maximum ROI

by Melissa Thompson

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
     
  • While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

Contact your local expert’s at The Melissa Thompson Team 901-729-9526 or [email protected] for all your Real Estate needs!

By: KCM Crew 

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Melissa Thompson
Crye-Leike Realtors
6525 N Quail Hollow Road
Memphis TN 38120
(901) 729-9526
(901) 756-8900
Fax: (901) 435-0620