How Can Waiting to Buy in Northern Virginia Cost You?

Many homeowners think that by throwing money into random renovations they are improving their home's value. In reality, you need to be strategic when deciding what projects to undertake. Today I want to touch on a few simple things you can do to add value to your home. 

Replacing your front door can make a huge difference when selling your home. The average front door repair is about $1,100, but it adds around $1,500 of resale value to your house. Getting new garage doors can add as much as 114% in value. If you spend $1,500 on new garage doors, you can expect to get around $1,700 back.

Moving inside, one of the best ways to get your money back is to remodel your kitchen. Granite countertops, new appliances, and other upgrades will WOW buyers and add value to your home's sale price. Typically, a project like this in Northern Virginia will run you about $18,000 and you can expect to get 100% of it back. The upside to a remodeled kitchen is you can enjoy it before you decide to sell down the road.

There are a few improvements you need to cautious about. Many homeowners will add a sunroom addition, which costs around $70,000, and you'll add about $46,000 in resale value. If you don't want a sunroom, we don't recommend adding one, as you'll only get around half of your money back when you go to sell. Many people like to do home office remodels, which typically cost anywhere from $20,000 to $30,000. However, you're likely only going to get around 60% back.

As you can see, renovations need to be considered carefully before you commit to spending large sums of money you might not get back. We have a complete list of worthwhile renovations we would love to share with you. Give us a call or shoot us an email - we don't want you to pursue any projects you might regret down the road!