Whether you’re thinking about selling your home sooner, or eventually later, the desire to achieve the highest possible return on your investment will be ever present. Which is why some people choose to renovate and update. When done strategically, you can build some equity on your home and be able to improve a space or two in the process!
Not all renovations are created equal however, and maximizing your home’s value requires informed decisions. In this blog post, we’ll explore how researching market trends, choosing high ROI renovations, and striking the right balance can lead to a successful sale.
When it comes to renovations, context matters. To make renovation decisions that truly pay off, it’s crucial to delve into local market trends. Understanding what potential buyers are looking for can guide your renovation choices. Are modern kitchens a hot commodity in your area? Is curb appeal a top priority for prospective buyers? By aligning your renovations with the demands of the market, you increase the chances of attracting the right buyers.
Let’s look at 3-bed single family homes in Framingham, as an example. Homes with less than 2 full bathrooms have a median price of around $540K. On the other hand, homes with more than 2 bathrooms have a median price of about $600K. Of course, there are other factors involved, but with this info in mind we can say that there is incentive to add that extra half-bathroom to your home.
Not all renovations are created equal when it comes to return on investment. Let’s explore a few renovation projects that consistently deliver a high ROI:
While the allure of extensive renovations can be strong, it’s essential to strike a balance. Over-improving a property beyond the neighborhood’s price range can lead to challenges when it’s time to sell. Keep in mind that renovations should be in line with your property’s current value and the local market. By focusing on renovations that add value without pushing the property into an overpriced category, you set yourself up for success.
Maximizing your home’s value through strategic renovations is a journey that requires research, thoughtful decision-making, and an understanding of the local market. By researching market trends, selecting high ROI renovations, and finding the right balance, you can enhance your property’s appeal, attract potential buyers, and ultimately achieve the best return on your investment. Remember, each property is unique, so seeking professional guidance can be invaluable as you embark on this exciting journey.
Located in East Arlington, YES! is the brainchild of two determined Arlington moms who are passionate about supporting an environmental revolution. Their mission is to help people reduce waste by offering eco-friendly alternatives for everyday essentials, ranging from self-care products to home goods and gifts.
In the mood for some shawarma, maybe a falafel or two? Or are you longing for some shakshuka? The only correct answer is yes, but we’re also accepting always. If you’re a connoisseur of vibrant flavors, time-honored recipes, and nutrient-rich dishes – know that the Greek Gods are calling for you! Take a journey with us to the Mediterranean, get a taste of mouthwatering Mediterranean dining in Boston – check out our faves!
At Hojoko Japanese Tavern, the art of Izakaya dining is elevated to new heights. Drawing inspiration from the traditional Japanese pub culture, where friends gather to enjoy small plates and drinks, Hojoko reimagines these classics with a modern twist. Scroll down to learn more about Hojoko – Boston’s home to sensational sushi, sashimi, and sake!
Located in East Arlington, YES! is the brainchild of two determined Arlington moms who are passionate about supporting an environmental revolution. Their mission is to help people reduce waste by offering eco-friendly alternatives for everyday essentials, ranging from self-care products to home goods and gifts.
In the mood for some shawarma, maybe a falafel or two? Or are you longing for some shakshuka? The only correct answer is yes, but we’re also accepting always. If you’re a connoisseur of vibrant flavors, time-honored recipes, and nutrient-rich dishes – know that the Greek Gods are calling for you! Take a journey with us to the Mediterranean, get a taste of mouthwatering Mediterranean dining in Boston – check out our faves!
At Hojoko Japanese Tavern, the art of Izakaya dining is elevated to new heights. Drawing inspiration from the traditional Japanese pub culture, where friends gather to enjoy small plates and drinks, Hojoko reimagines these classics with a modern twist. Scroll down to learn more about Hojoko – Boston’s home to sensational sushi, sashimi, and sake!
Summer is over and we need to think about the things we need to repair and fix and clean at home to get ready for winter. Here is our list of home maintenance tasks we need to do this month, check it out!
JUST SOLD! Situated on a dead-end street just moments to downtown, schools, Assabet rail-trail and Maynard Crossing, this terrific 3 bed, 1.5 bath home is one you can move right into.
In a world where technology shapes our everyday lives, our homes are becoming smarter and more connected than ever before. Smart home accessories offer a blend of convenience, efficiency, and luxury, transforming the way we interact with our living spaces. Let’s explore a range of cutting-edge accessories that can elevate your home experience, including doorbell cameras, robot vacuums, personalized lighting, NFCs and RFIDs, as well as the central control offered by smart home hubs.
Summer is over and we need to think about the things we need to repair and fix and clean at home to get ready for winter. Here is our list of home maintenance tasks we need to do this month, check it out!
JUST SOLD! Situated on a dead-end street just moments to downtown, schools, Assabet rail-trail and Maynard Crossing, this terrific 3 bed, 1.5 bath home is one you can move right into.
In a world where technology shapes our everyday lives, our homes are becoming smarter and more connected than ever before. Smart home accessories offer a blend of convenience, efficiency, and luxury, transforming the way we interact with our living spaces. Let’s explore a range of cutting-edge accessories that can elevate your home experience, including doorbell cameras, robot vacuums, personalized lighting, NFCs and RFIDs, as well as the central control offered by smart home hubs.
Here are some of the August 2023 statistics that show the sales trend in Boston. Median price and days on market can be “economic indicators,” but they aren’t a professional way to make a well-informed real estate decision.
Book an appointment with us. Reach out now for more info! Call or text Elaine Goldman at 857-297-4830
Book an appointment with us. Reach out now for more info! Call or text Elaine Goldman at 857-297-4830
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
Greater Boston Sales
1261 Centre St, Newton 02459
1000 Mass Ave, Cambridge 02138
