As the housing market becomes increasingly more favorable for sellers, you may be thinking it’s finally time to put that ‘For Sale’ sign up on your lawn. Although now is a great time, sellers would be remiss not to consider a few fall home renovation projects to increase their home’s value before putting it on the market.
Not to mention, as we are finally starting to see people emerge after more than a year of pandemic life, homeowner needs have shifted significantly. Unsurprisingly, the COVID-19 pandemic shed light on the importance of certain amenities, including updated outdoor spaces, home offices, and more.
If you’re a homeowner wanting to sell for the best possible price, keep these fall home renovation projects in mind as you begin your selling process.
Here at GreatBuildz, a free service that connects homeowners in Los Angeles, Orange County, Ventura or San Diego with reliable general contractors, we speak to homeowners every day about planning their desired home renovation – here are some ideas & tips on budgeting to get you started.
Outdoor space becomes a number one priority
After a year of stay-at-home orders, homeowners are now realizing how important space is — especially private outdoor space. Those who were trapped in tiny apartments have learned their lesson, and outdoor space is no longer a want for home buyers, but a need.
The most popular outdoor amenities buyers are looking for in their outdoor spaces include fire pits, built-in grills, outdoor lights, and comfortable outdoor furnishings.
Go a step further by including a full outdoor kitchen — complete with a sink, mini-fridge, bar, and even a flat-screen TV — in your space. Installation costs of a basic outdoor kitchen come to around $5,500, while the value of an updated outdoor kitchen has increased from $6,156 to $9,751 during the pandemic, so you’ll be able to recoup your entire investment plus a little extra with this addition.
It’s not just the backyard either – think about curb appeal out front too! Freshen up the paint on your front door, buy prominent house numbers, and keep your lawn fresh and tidy. After all, first impressions are key in the housing market!
Outdoor fireplaces become an essential buyer-demand
According to HomeLight’s Top Agent Insights for End of Year 2021, buyer interest in outdoor fireplaces has drastically spiked since March of 2020 and, therefore, so has their value.
In March 2020, an outdoor fireplace added about $3,337 in value to a property. Now, an outdoor fireplace adds about $5,753, an increase of 72%. In warmer regions, outdoor fireplaces are worth about 123% more than they once were.
Installing an outdoor fireplace can be a hefty feat, as an extravagant outdoor fireplace — not to be confused with the more casual outdoor fire pit — can cost upwards of $20,000, so be sure to keep it simple if you want the best return on investment. Moreover, a gas fireplace would be the best option when compared to a wood-burning one, as gas requires less maintenance and wood fireplaces sometimes violate fire bans or air quality ordinances in certain areas.
Home offices become a top buyer priority
As many companies around the nation switch to permanent remote work environments, homeowners now desire a separate area for both work and relaxation. Since we’ve already covered the relaxation aspects in the outdoor areas, now we must consider an area for work.
In a post-pandemic society, real estate agents report that a top list item for buyers is a home office. Approximately 59.6% of realtors — cited in HomeLight’s Summer / Fall Report — report the feature as a top priority for their clients.
If you have an extra bedroom in your home — or perhaps a small alcove you can remodel into an office — you’ll attract plenty of buyer attention.
When it comes to planning and coordinating a fall home renovation project, you shouldn’t have to go it alone – GreatBuildz can help simplify your renovation experience.
GreatBuildz is a free service that connects homeowners in Los Angeles, Orange County, Ventura or San Diego with reliable, thoroughly screened general contractors and provides project support from start to finish.
Call now (818.317.3567) to chat with a real person about your next renovation project or visit our website for more information: www.greatbuildz.com
Jacqueline Graham was born and raised in Scranton, Pennsylvania, but has lived in Denver, Colorado for the last four years. Jacqueline graduated with a bachelor’s degree in writing from Denison University and is currently working on her master’s degree at Edinburgh Napier University. When she’s not writing in her free time, you can find her camping in the Rocky Mountains or exploring the local brewery scene in Denver.