Increase the value of your luxury home by completing unfinished areas
Homes are excellent investments that ensure your financial security in the long run because they increase in value over time. A homeowner can upgrade their home to further increase value. Sometimes, however, simple improvements may not be enough.
After all, dealing with the luxury market means living up to expectations that mirror the price point. Therefore, high-end interior design, state-of-the-art appliances and technology, and the most luxurious materials are just some of the things that contribute to the perception of luxury that actually increases the value of a home. If you’re thinking about putting your property on the luxury market, here are some high-end design suggestions and investments that can increase your luxury home’s value.
Increase value by: ADDING POPULAR FINISHES
If you’re selling your home in the immediate future, consider finishes and upgrades that are extremely popular among current buyers. For example, you can increase your luxury home’s value by employing curvilinear elements in furniture and cabinetry, which have come into favor in the last couple of years.
Increase value by: ENHANCING ENERGY EFFICIENCY
Eco-friendly features and technology are very popular among luxury homebuyers today. While such features have practical benefits like cost savings, they also attest to the mindfulness of buyers to issues affecting the planet. Upgrading the home’s thermostat to an energy-efficient model or using natural and even reclaimed materials are popular examples of this green shift in luxury home design.
Increase value by: UPGRADING KITCHENS AND BATHROOMS
Kitchens and bathrooms make the greatest impression on luxury homebuyers so it’s important to upgrade these areas to drive up your luxury home’s value.
Invest in restaurant-grade appliances or popular kitchen features, such as warming drawers, a large center island with its own sink, a separate wine fridge, and a walk-in pantry. Wine cellars remain a highly sought-after feature.
Install full-body jet showers in your bathroom and improve the tilework. Heated floors and toilets are popular as ever, with new towel warming drawers coming close. Consider these features when upgrading your bathrooms.
Increase value by: IMPROVING LANDSCAPING
The first thing potential buyers will see when they take a tour of your property is your front lawn. So dazzle them with curb appeal. Impress them even before they set foot in your home. Sometimes, maintenance is all you need – a manicured lawn, trimmed hedges, a fresh layer of mulch to set off your flower bed. If you wish to undertake something more ambitious for your front lawn and backyard, consult an experienced landscaper to walk you through your options.
Increase value by: ADDING OUTDOOR AMENITIES
A backyard, a patio, a deck, and a pool are great for entertaining. Equip them with amenities that best suit their purpose. Choose from outdoor kitchens, fire pits, changing cabanas, and outdoor showers. All are important selling points. For private moments, koi ponds, meditation gardens, and home gyms with great outdoor views are additional come-ons.
Increase value by: REMODELING UNFINISHED AREAS
Completing unfinished areas of your luxury home can drive up its value. If you have a basement project you’ve been putting off, now is the time to get it going. Turn that space into a man cave, a game room, a home theater, a private bar, or wine cellar.
These home upgrades to increase your luxury home’s value are among many excellent recommendations from the expert in luxury properties in the Boston area, Northshore, and Merrimack Valley – Seydyss Barreto. If you want to learn more about investments that can boost your property’s value in the luxury market, you can get in touch with Seydyss at 978.590.8918 or seydyss(at)kw(dotted)com. You can also send your message here.