When we are getting ready to sell our El Segundo home, or even if we are just wanting to update our homes we need to know which improvement has the best return in value. Obviously some updates will bring in a better return in value than others. First and foremost is kitchen remodels which is always 100%. Doing high end kitchen remodeling is not always the best way to go either. Mid range or minor remodels of kitchens most often brings in best return in value according to Remodeling Magazine.
Most potential buyers don’t care if the new refrigerator is a built in Sub Zero type or something less. The same is true with having the 8 burner stoves, under mount sink or travertine floors. Granite counters are not necessary. Simple laminates, newer faucets and sparkling sinks sell. Buyers don’t want leaky faucets or stained sinks. With regards to the cabinets; resurfacing is the best option and replacing the doors and/or hardware is the best way to go.
The national average of recouped cost is more than 100% for bathrooms. New floors, fixtures and lights payoff. Buyers will shy away from buying a home if the roof needs to be replaced. Some other suggestions: Patch cement cracks in the sidewalks, resurface asphalt driveways, plant some flowers, caulk the windows and doors, replace doorknobs and locks, repair and paint broken fences. Overall, buyers want to buy a home that has no deferred maintenance, newer appliances, updated plumbing, electrical and heating (including a/c), modern conveniences and is ready to occupy.