10 Renovations to Boost ROI for Your Santa Monica Real Estate

July 24, 2022

Investment Strategy


Considering putting up your Santa Monica homes for sale? Whether you want to sell your home or simply want to upgrade your property a little, there are plenty of ways you can increase the return on investment of your home. Here are some of the top renovations for boosting the ROI of your Santa Monica homes for sale.

Minor remodel of your bathroom



Kitchens and bathrooms are the two rooms in your home that truly sell the property. But the biggest return on investment comes from remodeling your bathroom. Giving your bathroom a minor remodel and an updated look can truly go a long way in increasing the value of your home. For instance, you can try replacing the vanity or replacing the shower head with a rain shower. Or you can update the lighting in the bathroom to brighten up the space.

Landscaping


If you really want to boost the value of your Santa Monica real estate, then focus on your landscaping. Curb appeal truly helps sell properties, and redoing your landscaping will help your home look more appealing and fresh. The front and backyard of your home are typically the first things that potential homebuyers see, so updating your landscaping is the best way to make a great first impression. But you don’t need to do too much. A simple landscaping design with trimmed and clean lines is the way to go.

Minor remodel of the kitchen



In addition to the bathroom, the kitchen is one of the top rooms that improve your return on investment. Minor kitchen remodels will go a long way in boosting the ROI of your Santa Monica homes for sale. Try a few small upgrades, such as replacing your existing appliances with newer appliances, refinishing your current kitchen cabinets, or replacing the cabinets altogether. You can make your kitchen cabinets look good as new with some new hardware and a fresh coat of gloss or paint. Replacing your cabinets will truly transform your kitchen into a brand new space.

Converting your attic to a bedroom



One of the best ways to boost the value of your Santa Monica property is to increase the number of bedrooms available to potential buyers. That’s why converting your attic to a bedroom or living space is a great way to increase your return on investment, especially if the attic doesn’t require too much work. On average, converting your attic to a living space gives you a return on investment of over 56%.

Major remodel of the bathroom



You can also take the minor bathroom to remodel a bit further and boost your return on investment with a major remodel of the bathroom. Rather than just upgrading a few things and replacing your amenities, you can replace everything, including the plumbing, lighting, flooring, and shower. Or you could even start with a clean slate and completely reconfigure your bathroom. Entirely upgrading your bathrooms, especially the bathroom in your primary bedroom, is a wonderful way to increase the property value of your Santa Monica real estate.

Major remodel of your kitchen



Giving your kitchen a major remodel is another excellent way to boost the ROI of your Santa Monica home. Rather than simply upgrading a few items, you can take out everything and redo the kitchen completely. Try turning your closed-off kitchen into an open concept kitchen and get rid of a wall if possible to open your space up. Home buyers tend to love kitchens with plenty of open space to cook and host friends and family. One of the best ways to boost the value of your home is to remove a wall that separates your kitchen from the remainder of your property, to give it more of an open floor plan feel.

Replacing your entry door


Replacing your entry door is fairly simple, but it also creates a huge impact and incredible return on investment of more than 70%. The entry door is one of the first things that your potential home buyers will see when they view your Santa Monica home. Much like your landscaping, the entry door is a wonderful way to make an excellent first impression. Most home buyers will make a decision on whether or not they want to purchase your home within a few minutes of viewing it. That’s why you should increase your curb appeal by replacing your entry door.

Adding a deck, porch, or patio


Consider adding a deck, porch, or patio to your Santa Monica real estate, as long as there is enough room for it. Adding an extra outside structure like this to your home can do a lot to boost the value of your property. A deck or porch will add to the amount of usable space in your yard, and it can be the selling point that potential home buyers are looking for. It’s also great for those who love to entertain.

Remodeling your basement


If you have a basement in your home, remodeling and finishing the space could be one of the best ways to boost the value of your property and get an excellent return on investment. Remodeling your basement can increase the amount of usable living space on your property. Dark and dingy basements can actually hurt your chances of making a home sale, so try brightening up your space and making it look more aesthetically pleasing to make your basement a selling point for your home.

Replacing your windows



Aside from replacing your entry door and improving your landscaping, nothing makes the outside of your home look better than replacing your windows. A brand new set of windows with clean lines makes your property look amazing from the outside and the inside. And new windows will likely be more energy efficient and save new buyers plenty of money on energy bills, which is an excellent selling point.

Already remodeled your home and ready to sell? Reach out to trusted Santa Monica real estate agent Stormie Leoni for guidance.





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