The Top Four Paybacks Homeowners Can Expect When Improving Their Home

The 2023 Cost vs. Value Report by Zonda Media offers valuable insights into the real estate and remodeling industry. This report helps homeowners who want to make informed decisions about their investment in home improvement projects and the potential payback they might expect when they go to sell.

1. The Power of Curb Appeal: As the report indicates, a property's exterior plays a vital role in shaping potential buyers' first impressions. Even in an age of digital photography, a well-maintained exterior continues to be a compelling factor that can make or break a sale. It sets the stage for a more positive view of the entire property, reinforcing the wisdom shared by real estate agents for over three decades.

2. The Shifting Market: 2023 has presented a challenging seller's market, and this has had an interesting effect on average project values. They have reached their lowest levels in recent history. In such a market, it becomes crucial to identify which home improvement projects offer a premium to homebuyers.

3. Kitchens and Baths: The adage that "kitchens and baths sell homes" remains true, but this year, we've seen a twist. It's the minor investments in these areas that provide the biggest returns. A lower-budget kitchen refresh can yield an 86% return, and a lower-budget bathroom upgrade can bring a 67% return. Buyers today prioritize practicality, and they are less inclined to take on extensive interior remodels.

4. The Value of Steady Improvements: In an era where homeowners aim to keep a closer watch on their budgets, it's the small and steady improvements that are proving to be most rewarding. By actively maintaining your home, you not only enhance your overall enjoyment but also reduce the likelihood of unexpected, costly surprises.

At Get Dwell (Getdwell.com), we believe in the power of proactive home maintenance. A house that's consistently cared for stays in top condition, providing a more comfortable living environment and increasing its market value when the time comes to sell. Our team is here to assist you in making those important improvements, no matter how big or small.

If you're interested in exploring home improvement projects, our experts are available at 847-922-3418 to provide guidance, support, and top-notch service to help you achieve your goals.