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2015-02-11 18:52:09
Upgrades That Add Value to Your Investment Condo

 

Whether you’re getting ready to put your condo on the market or just looking for ways to add value to your investment, it’s important to consider upgrades.

As you probably know by now, not all upgrades, renovations, and remodels are created equal — some will offer great returns “your goal is to double the value in what you invest on improvements”. Don’t go overboard, if so it will ultimately cost you more money in the long run.

So, which upgrades actually do add big value to your condo?

Bathrooms and the Kitchen are major considerations when you’re trying to sell or add value to your condo.

If you’re kitchen needs some work and you’ve only got a little to spend, focus mainly on giving the room a face lift — paint the cabinets, install new fixtures, replace the faucet and sink, and update the appliances if you can.

If you can afford a major renovation remember that it’s key to keep things simple and stylish, not tailored to your personal taste and your taste alone. Be careful and don’t get carried away with the upgrades.

If you improve beyond your location and the type of condo you have, the buyers are not going to reward you.

Paint

A fresh coat of paint adds that freshness, clean feel to the condo. Light colors make rooms seam bigger so keep it light.

Flooring

Wood or Laminate is appealing to most buyers (check your CC&R’s first) if you plan of carpet again make it a neutral color. (Thick padding is the most important part of carpeting)

If you have questions or would like additional information 

Call: 949-702-5626 or email garyrebroker@gmail.com.

 

 
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2015-02-11 18:52:09
Upgrades That Add Value to Your Investment Condo

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2014 Housing Projection


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