Making more long-term, expensive investments in your home can seem like a daunting task, but Dwayne knows which elements homeowners are looking for and therefore which will end up paying for themselves in resale value. There are the obvious choices like hardwood flooring, stainless steel appliances, and additional bathrooms that will always be sure bets. However, today’s buyers are looking for wow factors like an outdoor oasis as an extension of their living space, thoughtfully designed storage solutions for dream pantries and closets, Smart Home technology integration, and custom-built high functioning kitchens, bathrooms and even laundry rooms. Consider investing your renovation dollars into these areas for maximum return. We’ve all been tempted to splurge on expensive finishes, customized light fixtures, higher end materials such as marble over equally beautiful yet more affordable porcelain, or installing an impressive but superfluous built-in espresso machine. However, if the end goal is resale, it’s important to know those highly personal big ticket spends won’t be the potential buyer’s deciding factor.
Pro tip: If you, like many families, plan to age in place, consider solutions that will outlast trends, and go beyond functionality to be as practical as possible. Fewer, lower steps, wide doorways and pathways through the home, and walk in showers are just a few long-term investments you’ll be grateful for down the road.