Articles Tagged "renovations"

The Watson Blog Home
December
22

If you're like 60% of people, you probably dread the idea of moving. And we get it! Packing, loading, unpacking – it can all be a bit of a drag. So you've probably considered simply reimagining the space you're in as an alternative to moving. But that has its own drawbacks, like trying to live around the messiness and noises of home improvement.

At the core of either of these decisions lies the true issue: you're not happy with at least some part of your home. Making the choice to renovate or move to a new home entirely isn't easy, but we're hoping the following guide can help you make an informed decision one way or the other.

Consider the Costs

Try to think beyond the profit, because believe it or not, selling your home can be costly. Everything from touch-ups and minor repairs to staging and various closing costs can rack up a high price. That's before you even consider paying for your new home!

Then again, depending on the scope of your renovations, you could be looking at a hefty price tag as well. Renovations also typically require immediate out-of-pocket costs, and as projects go on, you could see additional costs enter the picture.

Do You Like Your Location?

Do you love your neighborhood? Are your kids in a great school district? Are you an active fixture in your community? Sometimes the one thing you fall out of love with about where you live is…where you live.

If you've found you adore your community but your home isn't meeting your needs anymore, perhaps renovating is the route for you. Conversely, if you'd rather discover a new neighborhood, you might choose to start fresh with a move.

Think Long-Term

It's generally accepted that what you pay for in renovations, you probably won't get back when you sell. There are exceptions to this, of course, but for most folks it holds true.

So if you plan to be in your home for another 10 years, remodeling is a good idea. You'll get to enjoy the results of all your hard work and money spent. If you don't see yourself staying put for long, however, it likely won't be cost-effective to sink money into renovations.

Research the Market

For the past year and more, the market has been particularly ripe for sellers. And while that might influence your decision to sell and move into a new home, keep in mind that you'll still need to buy a new home. The market has been significantly more challenging for buyers.

The market is always fluid, however, so whenever you find yourself pondering renovations versus selling, do yourself a favor and check in on your local market.

 

What you choose will ultimately come down to your unique situation. If you're looking for an agent's expert opinion on the matter, check in with one of Watson's knowledgeable real estate pros!

August
20

Home value is a tricky thing. Factors that are out of your control – the market, your neighborhood, and more – can cause your home's value to inflate and deflate. But there are ways to control your home's value, and that's why we're here. Whether your budget is big or small, we've gathered an assortment of projects that will help maximize your home's value.

Focus on Small Improvements

Great things often come in small packages. The same applies to home renovations and maintenance projects designed to maximize your home's value. Sure, installing a brand-new roof or completely remodeling your kitchen will likely boost value, but those sorts of projects will also drain your budget fast. Focus on smaller-scale projects to see big payoffs in the long run.

Hire an Inspector

Inspectors can identify flaws in your home that you didn't even know were there. Once you know they exist, you can take steps to remedy them.

Give the Illusion of Space

You can't magically change your square footage, but you can rely on visual tricks to give the illusion of greater space. Replace heavy curtains with blinds to let in more light – natural light helps a room feel more open. You could also try adding a large mirror to essentially double the space.

Boost Curb Appeal

First impressions matter, so make sure your home always makes a strong one with high curb appeal. Refresh the exterior paint if it needs it, decorate your front door, and consider adding accent items like light fixtures or furniture to your home's walkway as ways to ensure your home presents a handsome exterior.

Maintain Landscaping

Keep your lawn neat and tidy with regular landscaping can be a major factor in maximizing your home's value. Shrubs, colorful plants, and flowers can liven up your yard as well, but make sure to keep everything trimmed and well-manicured.

Plant a Tree

Planting a tree has a long-term payoff, but it's well worth it if you don't plan on selling anytime soon. A fully grown mature tree boosts curb appeal and can help with cooling costs by providing shade. Consider it a solid investment that boosts your home's value in the future.

Add Money-Saving Luxuries

You may not live in a multi-million-dollar beachfront mansion, but that doesn't mean you can't add affordable luxuries on a smaller scale. For instance, installing a water filtration system to your kitchen sink not only gives you clean water to drink without having to constantly drop money on water bottles, but it's also the kind of touch that will attract homeowners.

Painting

A fresh coat of paint always helps to liven up rooms or your curb appeal, and for those reasons it can have a positive impact on your home value.

Clean Up

Cleaning the house might just be a weekend ritual in your house, but if you're looking to sell, it can make a huge difference. Clean houses look better, feel better, and typically have a better chance at selling.

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