In the Housing News Report released by ATTOM Data Solutions, a real estate data firm, Kansas City has been reported to have the highest home-price increase in 2017. According to the report, home prices in the city has increased by 13.4% from 2016, beating the 13.3% growth by San Jose, California. You might be thinking, “What’s driving this growth?”
The past years have seen a decline in the inventory of homes in the crowded tech hubs in Washington, California, and Oregon State, making their housing markets even more competitive.
Naturally, people are looking for cheaper housing markets and have found the perfect place in Kansas City. The median price of a home in the city is just $172, 098, five times cheaper than that of San Jose.
So if you’ve been thinking of selling in Kansas City, now’s the time. To get the most out of your home, here are four minor remodels you can do to boost your home’s value:
1. Get a steel door for the entryway.
Does your front door need a little do-over? Remember that first impression matters most when selling a home. According to the 2014 Cost vs. Value report by Remodeling Magazine, installing a steel door can give you a recoup of nearly 97 percent when the house sells, the highest ROI (return on investment) for any remodel.
2. Do a minor bathroom remodel.
Another savvy financial change in your home is a minor bathroom remodel. According to the same report by Remodeling Magazine, the average cost of a minor bathroom remodeling is $16,798 with a 74% ROI.
Remodeling a bathroom can be time-consuming as it involves replacing all fixtures like the tub, getting a new shower and even installing a new tile floor. Sounds overwhelming? Don’t worry. Some companies can help you do a minor bathroom remodeling in Kansas City.
3. Install new wooden windows.
Window trends often change, but one of the mainstays is wooden windows. New windows make a home look sharper from the outside, making your home more appealing to buyers cruising the neighborhood. While wood is the preferred trim finish, other materials can work, too. The national average cost of wood is around $10,926 with an ROI of 79.3%.
4. Change your garage door.
If your garage door is old and beaten up, you need to install a new one. And it’s bound to boost your sale, too. Garage doors are often ignored in house remodels, but the Remodeling Magazine report shows that it has one of the highest ROIs. With an average cost of $1,534, it offers a whopping 83.7% ROI.
In the end, if you don’t have time to remodel your home on your own, you can always get help from remodeling agencies in the area. When planned well, remodeling doesn’t have to cost you a fortune either. Kansas City is bound to see more growth in its housing market, making it more crucial than ever for sellers to take the necessary steps to boost their home value.