The resale value of a home can make or break your real estate investment, and every custom home has the potential to increase its value over time if you start with the right house plans. To maximize your ROI, consider these eight elements carefully when choosing which house plans to implement.
Using a stock house plan
Stock house plans are often less expensive than designing from scratch or hiring an architect but are just as unique as a custom design. They also raise the resale value because they provide a more comprehensive range of appeal to potential buyers.
You can personalize your stock house plan with add-on features like home offices and garage plans. The most popular styles are cape cod, cottage, and contemporary house plans.
Color palette designing
The first thing people see when they pull up to your home is the curb appeal reflected by the front of your property from street level. A color palette for your home increases its value and chances of selling.
Ensure your curb appeal is decent enough for a potential buyer to get out of their car and walk up to the door by using attractive color palette designs. A simple Google search can help you discover what colors define your neighborhood. You can also ask friends and neighbors if they have any insight into popular schemes in your area.
Using luxurious finishing
The finishing of your home is a vital component of the value of your home. When building a custom home, you should know what finishes are currently in high demand in the market. Whether it’s quartz or marble countertops, consider what design elements will lead to a higher sales price.
For example, if you’re building a custom home and want to add marble into your bathroom, it will cost a lot more than if you went for something like tile or granite. But if marble is the current trend, it would be considered a luxury finishing that would ensure the increased resale value of the house in the future.
Working with experienced expertise
Several custom homes with great curb appeal suffer from poor design. You need a professional designer who ensures that your property is well-proportioned and has a flow conducive to long-term enjoyment.
A good designer will ensure no dead ends or awkward transitions in your home. They will also provide your rooms with plenty of natural light, which is essential if you want to sell at top dollar.
It is necessary to consult a professional before redesigning to ensure additional considerations meet building codes and local standards.
When redesigning, you may be able to keep certain features in place, even if you change other aspects of your design. For example, instead of completely redesigning your kitchen when you switch from granite countertops to marble ones, an experienced designer might be able to incorporate both types into one plan that maximizes space and makes better use of materials.
If you work with an architect instead of a designer, ensure they design your house with its potential resale value in mind. You can look at past projects by the architect to evaluate whether your architect’s work is at the standard you desire.
Keeping your floor plan in mind
Your house’s floor layout and design will determine how functional and appealing it is for potential buyers, but more importantly, it can also dictate how easily it sells. So when creating a floorplan, consider ease of use before aesthetics.
Using hardwood flooring as your main flooring is appealing to potential buyers. Choose durable hardwood floors that can readily undergo refinishing when you decide to sell your house. The classic elegance of hardwood floors provides comfortability that carpets and other flooring plans cannot touch.
Ensuring regular care and maintenance
Making sure your house is well-maintained can increase its resale value, help it remain beautiful for years, and make a difference in how buyers perceive your home. Develop a regular maintenance schedule and stick to it. After all, it is cheaper than making extensive repairs down the road.
Ensure you routinely water, mow, and edge lawns. In addition, make sure you inspect septic facilities and fix plumbing leaks regularly. Also, remember that if you have an outdoor pool or hot tub, you should consider hiring a professional cleaning service at least once per year.
Ensuring quality construction and design
High-quality artistry is essential to maximizing your ROI. If a builder skips out on upgrades, materials, or finishes, it could ultimately impact your home’s resale value.
For example, if you have laminate flooring installed in your kitchen and then replace it with hardwood floors ten years later, you might not be able to get as much money for your house because laminate is not as desirable as hardwood.
Such upgrades can add up quickly and give you more resale value. Hiring reputable builders skilled at working within budget constraints is also essential. You want to strike a balance between high-end design elements and making intelligent financial decisions.
Applying extravagant landscaping
Adding a stone walkway, lush perennial beds, or a beautiful water feature can increase your home’s ROI when you sell the house. A well-maintained yard reduces home energy costs and protects your property from environmental pollution.
Plus, you will have an enjoyable place to relax with family and friends for years to come. If you invest in landscaping, remember that all elements should work together to create a cohesive design. Aim for harmony between all colors, textures, shapes, and sizes. And, if possible, coordinate with neighboring homes.
Wrapping Up
Think through your upgrade and improvement plans before signing a contract with a builder. This way, you will have time to research prices and discuss options with potential resellers so they know what kind of return you could get when selling.
Knowing how to optimize your ROI with these tips helps you make an informed decision about whether or not to sell your home.
