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How to Add Value to Your Home

Sunday, September 17, 2023   /   by Annie Junker

How to Add Value to Your Home


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Adding Value to your Home

The value and return on investment (ROI) you can expect from renovating a house will depend on various factors, including your location, the current condition of the property, your budget, and the local real estate market. However, some renovation projects generally tend to yield a higher ROI than others. Here are some renovation projects that can often provide good value and returns:

  1. Kitchen Remodel: The kitchen is often considered the heart of the home. Upgrading it with modern appliances, new countertops, cabinets, and fixtures can significantly increase the value of your home.

  2. Bathroom Remodel: Updated bathrooms are also a strong selling point. Replacing old fixtures, adding a new bathtub or shower, and enhancing the overall aesthetics can be attractive to potential buyers.

  3. Exterior Improvements: First impressions matter. Investing in landscaping, curb appeal enhancements, and exterior maintenance (i.e., a new roof or siding) can increase your home's value and make it more appealing.

  4. Adding a Deck or Patio: Outdoor living spaces are increasingly popular. Adding a deck or patio can expand your usable living area and attract buyers looking for outdoor amenities.

  5. Energy-Efficiency Upgrades: Installing energy-efficient windows, insulation, and HVAC systems can not only reduce your utility bills but also increase the appeal of your home to eco-conscious buyers.

  6. Finished Basement or Attic: Converting an unfinished basement or attic into a usable living space can add square footage to your home and increase its value.

  7. Painting and Flooring: A fresh coat of paint and new flooring can give your home a clean, modern look. These updates are relatively low-cost but can make a big difference in appearance.

  8. Smart Home Technology: Integrating smart home features like thermostats, lighting, security systems, and door locks can make your home more attractive to tech-savvy buyers.

  9. Adding an Additional Bathroom: If your home has more bedrooms than bathrooms, adding an extra bathroom can significantly improve its functionality and appeal.

  10. Upgrading Electrical and Plumbing: Outdated electrical and plumbing systems can be a turn-off for buyers. Upgrading them can improve safety and functionality.

It's essential to do research and consult with a REALTOR® who knows the local market to determine which renovations will provide the best value in your specific area. Additionally, be mindful of your budget and focus on projects that align with the neighborhood's overall value, so you don't over-improve for the area.

As always, if you have any questions don't hesitate to reach out! 
804-350-0879 | chris@smallre.net | chrissmallgroup.com

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It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!

ACTIVE!  
2600 East Grace Street #2
Church Hill
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ACTIVE!  
2412 Kensington Avenue
Fan District
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ACTIVE!  
1021 Park Avenue

Fan District
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SOLD!  
640 Walsing Drive

Mooreland Landing
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Additional resources
 
We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
 
To learn more, click the links below:
 
In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
Client Testimonial: Click the link below to hear from Sarah Merriman, a client of Chris Small. Thank you for your kind words Sarah! It's always been an honor to help you with your Real Estate goals.
Client Testimonial from Sarah Merriman
The Chris Small Group at Small and Associates
At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
A Story of a Sale: 1107 Grove Avenue
Chris Small, Broker | Owner
Luxury Real Estate Specialist

804-350-0879 | chris@smallre.net
chris.findahomerichmond.com
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Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

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