With the DMV area constantly evolving and so many properties on the market, how do you stand out from the competition? The answer is Renovation! The area is ripe with opportunities for real estate investors, and with a few strategic renovations, you can transform any property into a high-value masterpiece.
When renovating a flip property, it’s a good policy to make improvements that appeal to the target buyer. Don’t overlook the taste for new trends; your buyers will appreciate the new features and also be swayed by the presence of an upgraded property. Focus on adding extra perks in the kitchen and bathroom, closet space is also important; walk-in closets with shelving are always a big hit.
Renovations done right will dramatically improve the appearance and value of your house or apartment. Here are six key renovations that are sure to bring in the big bucks and have your properties flying off the market.
The curb appeal of a property can go a long way and make a huge impact on potential buyers; first impressions are everything, and that’s especially true in real estate. The renovation investment in landscaping yields ROI that will wow you, as an updated landscape is an immediate attention grabber. Investing in landscaping doesn’t have to be an expensive renovation either. Plus, not only does it yield a high return, but relatively, it classifies as one of the quickest renovations that can increase the value of your property.
The bathrooms of a home are one of the biggest attention grabbers for buyers, so updating and improving the aesthetic of the bathrooms is important. The bathroom is an important room in a property, and when you think about how much time is spent in that room, you’d place it high on your priority list as well. When embarking on bathroom renovations, consider investing in new and updated fixtures, updating the tiles and the vanity, and adding a fresh coat of lighting. These updates can make a world of difference, adding serious value to your property. Bathroom renovations typically receive a high-value rating, maintaining the value of your property for years.
Outdoor gathering spaces, such as patios, porches, and courtyards, can diversify a property and add a WOW factor. Outdoor living spaces are in high demand in the DMV area, this specific feature gives plenty of room for outdoor and entertaining space for people to gather, eat and enjoy quality time with friends and family; Patios, porches, and decks can add significant value to your property flip, and their popularity shows no sign of slowing down. Adding a patio or deck or renovating a current porch can yield a great return on investment, making it one of our top renovations for your property.
Basements add significant value to a property flip, do not overlook basement renovation. The basement is often where the laundry or storage is kept, consider finishing the basement to create a functional living space, such as a game room, home theater, or guest suite; because no buyer wants an ugly basement. This is a huge selling point because not all houses have basements.
Whether buyers are going to turn it into an office space, the kids’ hangout space, a she-shed, or a man cave; it can work wonders on a property. Basements have so much potential in the eyes of a buyer, and turning them into an inviting and liveable room of the house could yield a substantial return on investment.
Good and recessed lighting can make all the difference in a property; consider updating light fixtures and installing dimmer switches to create the perfect ambiance. A poorly lit property will make potential buyers want to run for the hills, but a well-lit property gives off a warm and inviting atmosphere, creating a huge impact on potential buyers.
It’s important that you know how and where to spend your money to bring you the most success. These six high-value renovations will not only make your property look more modern and inviting, but they will also give you the highest chance of an impressive ROI.
The Washington, D.C., DMV area is the perfect place to invest in your next property flip. If you have a property you want to renovate but aren’t sure where to begin, there’s no better time than now to schedule a walk-through with J&E Construction. With decades of experience implementing property upgrades and witnessing their resale impact, our team at J&E Construction is confident in its ability to turn your property into a showstopper that will attract top-dollar buyers.
You will never go wrong when you decide to renovate, and when you have some help on your side, the possibilities are endless. Partner with J&E Construction to make strategic, high value decisions with you to sell fast and get the best ROI based on your asset.