Considering the abundance of gorgeous single-family homes, Tudor-style ranchers, and Colonial cottages available in Baltimore’s best suburb, purchasing a home in Mt. Washington is an investment. Not only is Mt. Washington a fantastic neighborhood, but homes in this historic area also offer sprawling yards, ample square footage, and are typically more affordable than homes in downtown Baltimore.
When selling a home, it’s always best to evaluate your return on investment — will you make more money on your home when it sells than what you paid years earlier? Purchasing a home just might be the most significant investment you will ever make, so why not take steps to increase your home’s value to maximize your return?
Evaluate, research and repair
Examine each room and list your “wants” for upgrades as well as any repairs that may be necessary to give your home’s value a boost before hitting the market. While it’s fun to plan and design new looks and upgrades for your home, making necessary repairs is just as crucial to increasing your home’s ROI.
Depending on the market, homes with minor or major repairs will sell at a lower price point and sometimes remain on the market longer than expected. Work with your realtor to evaluate the current real estate market trends in Mt. Washington. It may not be necessary to make repairs in a hot seller's market, especially in a coveted location.
Kitchen and bathroom remodel
Upgrade the backsplash. Adding a luxurious, high-end backsplash to your kitchen connects the space and draws the eye to subtle details. Backsplash tile ranges in price and is relatively easy to install.
Update the appliances. Energy-efficient appliances are practically a necessity in today’s world, and more buyers are looking for these upgrades. Swap out your old appliances with something that will save your future homeowners money and reduce their environmental footprint. Consider upgrading your current refrigerator (which takes up about 7% of monthly utility bills) and replace it with a smart refrigerator — the new standard for keeping your produce cold while adding value and a “cool factor” at the same time.
Update the cabinets with a fresh coat of paint and modern hardware. Matte black pulls are trending and gold/brass knobs are here to stay.
Upgrade your countertops. One of the “wow factors” of any home, countertops are an excellent talking point (and selling point). Consider installing a quartz or marble countertop in white for maximum luxury and appeal if you have the budget.
Paint and lighting
Another easy way to increase your home’s value is to replace the lighting. Consider new fixtures on the outside and inside of your home and add recessed lighting to principal rooms, like the kitchen and bathroom. Adding large luxury pieces to the main rooms of your home will create a finished look and draw more light to otherwise darker spaces. Brighter houses stage well in photographs and add a subtle note of luxury to any space.
Smart home technology
Besides new kitchen appliances, consider adding smart home technology to your entire home. Nest thermostats, home security systems, app-friendly washer and dryers, HVAC systems, and even microwaves can sync to one app that controls the entire home directly through a cell phone. An excellent way to boost your home’s ROI, adding smart home technology prepares your home for the future and adds an exciting component to your home.
If you don’t have time for large projects, try a few of these ideas:
Add stone siding to the exterior of your home for an updated look.
Switch out your windows with a new, energy-efficient brand.
Change your entryway and garage doors — an inexpensive way to make your home look brand-new and boost curb appeal.
Invest in quality landscaping before your home hits the market. Landscaping is one of the first things potential buyers notice about a home, and you want to make a good impression. Landscaped homes are a good indicator that a home has been taken care of and will help maximize your home’s ROI.
Choose the upgrades that are right for your situation — ones that will benefit your home in the long run — and make a careful plan of which tasks to tackle first. You’ll be surprised when your home sells for an excellent price!
Specializing in the communities located along the I-70 corridor from Frederick to Baltimore, William Weeks is a seasoned real estate veteran dedicated to helping you find your next luxury home in Maryland. Contact William today to explore beautiful Mt. Washington homes for sale and get started on your real estate journey!