The Phoenix real estate market is still dealing with higher interest rates and slightly lower home prices in some areas of the Valley. These two factors are causing some sellers to wait for home prices to rise before putting their houses on the market. However, sellers looking to get top value for their home should not sit on their hands and wait for prices to rise. Being proactive and improving your home before selling it can go a long way in adding value to your property. A great way to do this is by installing some custom home features known to have a good ROI. As an East Valley real estate agent, I have seen many homeowners increase the value of their homes with some well-placed custom home improvements. Here are a few home improvements with a great return on investment.
MORE NEWS: Ranking Arizona: Top 10 home builders for 2024
New custom cabinets
It is well-known that kitchen remodels have the best ROI out of any improvement you can make to your home. A proper kitchen remodel will make your home significantly more appealing to buyers. One of the most important parts of your kitchen is the cabinets. Cabinet storage space and design can make or break your kitchen. It is hard to sell a home with cheap cabinets, which is why remodeling your kitchen with high-quality custom cabinets is a boon to your home’s ROI.
Jared Robinson, the owner of Robinson Trim, a custom cabinet manufacturer in Gilbert, said custom cabinets are better for improving home values than purchasing a lower-quality mass-produced product.
“Custom cabinets are a worthwhile investment because they are perfectly tailored for your kitchen, making them more functional and designed for your space,” Robinson said. “Custom cabinets are tailored for the home you are in while assembly line cabinets require the kitchen to conform to them.”
Robinson said that custom cabinets can be made with pullouts and larger dividers. They are also more detailed, have longer durability, and, most importantly, you are involved in the process of creating them.
Buyers want a home that feels special, and custom cabinets give your kitchen a feature fixture that prospective buyers can get excited about.
A master bath worth getting ready in
If the kitchen gives you the best ROI, the master bathroom is a close second. A master bathroom with a nice shower and/or bath and a spacious area to get ready for work or a night out will appeal to almost any couple looking for a new home. We spend a lot of time in the bathroom, making sure we look our best for the outside world, so it is important for that space to be comfortable.
Mike Gillis, owner of Renewed Life Properties, said that a custom shower is a great way to improve a home’s ROI.
“A standing shower with custom backsplash and brand new hardware is one of the best ways to improve the value of your home,” Gillis said. “It is one of the first things people see when they walk into your bathroom, and if the shower stands out in a good way, so will the rest of the bathroom.”
A master bathroom remodel with a beautiful custom vanity with a large mirror to get ready will bring the bathroom together.
Creating custom features in your master bathroom is an excellent way to increase the value of your home.
A custom paint job
Giving the exterior of your home a custom paint job is an easy home improvement that can dramatically improve its appearance and value.
Kelly Mardis, owner of Marcel Painting in Tempe, said an exterior paint job adds a lot of value to your home.
“The outside of your home is the first impression you give to potential buyers about the quality of the home,” Mardis said. “A well-done exterior paint job makes your home look brand new and gives buyers a positive first impression.”
Exterior paint jobs can help increase the value of your home, but it is essential to paint your house a neutral color. Most people like homes painted white, black, or beige, but out-there colors like pink or red can scare many buyers away.
Author: Rebecca Hidalgo Rains is the CEO/Designated broker of Integrity All Stars Realty, a real estate firm in Chandler, Arizona. Rebecca has over 30 years of experience helping Valley residents buy and sell homes.
