Young couples are looking for different houses than a couple of years ago. Millennials, 75 million strong, have become the leading cohort of buyers, purchasing 32% of homes in 2014. So make use of the following renovation rules, driven by shifts in the current housing market and learn how to boost your home’s value in three simple steps. Local real estate agent, Darrell Done, shared some tips on how to get the most value for your home.
1. Focus on the kitchen – A “modern/updated kitchen” topped the list of ideal home features in our survey of millennials, registering as most important to more than a third of respondents. If you plan to sell, don’t rip your kitchen down to the studs; a smaller investment can have serious impact. Applying a fresh coat of paint to the walls or cabinets, and updating the hardware, can also breathe new life into the space
2. Make Floor Plans Work Harder – Bigger isn’t necessarily better in today’s market, but strategically increasing the amount of living space is sure to boost home value. An “open floor plan with flexible living space” was second only to an updated kitchen on millennials’ list of most desired features.
3. Paint Is Still a Potent Upgrade – Paint keeps your home looking its best while also defending its surfaces from wear, tear, and the elements. If you’re getting ready to sell, don’t blow thousands having every square inch repainted. Instead, focus on high-traffic areas, including the kitchen and bathrooms.
4. Landscaping – Re-planting pots at the front door, trimming trees and shrubs, and put down mulch in planting beds. These outdoor fixes can help clean-up gardens and give the home a more manicured appearance.
For more information visit Darrell Done at www.darrelldone.com.
