I met up recently with Realtor Jennifer Klein and she asked me what types of things help increase property value. We shot a one-take video together entitled “How is a kitchen remodel like a new car?” Check it out below (or click here for anyone who subscribes to posts by email). You can connect with Jennifer Klein on her blog, Twitter or Facebook. Thanks Jen for doing the video.
Small Things & Big Things: It’s probably clear, but some of the things I mentioned for how to increase property value are really “small things” that pale in the shadow of more costly upgrades like a roof, addition or full remodel. I am NOT saying you can sell your house at the top of the market by simply spending $1,000 in improvements. What I am saying is that these smaller ticket items can really help to give a boost in value.
Question: Do you agree or disagree with my analogy of a new car?
Blog Birthday: By the way, I’m excited to share that my blog turned four years old a week ago. On top of that, I just passed 800 posts yesterday. Cool, huh?
If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook
Gainesville Condos says
This is very helpful and practical information! It’s amazing how something as seemingly small as new baseboards and light fixtures can raise the value of a home. Thanks for the insight!
Tom Horn says
That’s great advice and the car is definitely a great analogy.
Ryan Lundquist says
Thanks Tom. I like the car analogy. It doesn’t work in every scenario of course, but generally speaking it does.
For the most part I would agree. On the flip side I have seen a “kitchen remodel” and a “bathroom remodel” significantly increase a homes value when the only remodel was putting new 18in tile floors in the 1950’s kitchen and bath…
Ryan Lundquist says
Thanks Derek. You hit on something important. It’s crucial to be in touch with the market and install what buyers expect (and something that will yield value in the resale market too).
I spoke with a Realtor recently about one of her listings. It’s amazing to see a home owner install $30,000 tile flooring in a standard tract neighborhood. This was probably ideal for the owner, but there is no way the market is going to pay that much.