Costa Mesa real estate company Torelli Realty provides useful news & tips for Costa Mesa homes.
Costa Mesa real estate is a great investment and time and time again we see Costa Mesa homes making quality home improvements. Here’s a few reasons why this is a positive trend for Costa Mesa real estate:
-Quality improvements are more durable and last longer
-Better materials show pride of ownership
-Typically when homeowners make long-lasting home improvements, it indicates that homeowners intend to remain in the home for a longer term. Home values tend to be higher in established areas.
-Upgrades can enhance the value of your home and help to increase values throughout the city or neighborhood
-Homes with quality improvements stage better and have the most “wow-factor” when they hit the real estate market.
For example, one of our newest Costa Mesa homes for sale in South Coast Metro has made all the right choices in terms of home upgrades.
-Homeowners are always told to put their money into their kitchens and baths. So spending $4,500 on stainless steel appliances is a smart move. For a home of this size, stainless steel appliances are the standard that most buyers would expect or desire because they are durable and sleek. The cost is a bit higher than standard black or white appliances however this investment is one that is worth the cost.
-For just under $13,000, the homeowners updated two bathrooms with classy finishes. According to Remodeling Magazine’s Cost vs. Value Report 2009-2010 the average midrange bathroom remodel in Southern California cost $18K. It follows that 2 bathrooms would normally run about $36K. These bathroom projects combined cost nearly 1/3 of that amount! The look of the bathrooms is classic and the quality of the materials reflects that style.
-For $5,500 the homeowners installed custom porcelain Italian flooring throughout. The sleek design is modern and complements the architectural features in the home. The cost spent was comparable to the amount it would cost to lay hardwood floors. Yes, it was more expensive than carpet however tile is a feature that adds value to a home. The material is long-lasting and will be a hit with buyers.
-For $5,400, baseboards were added to every room, crown molding was added to all the bedrooms, and the kitchen was given a coffered ceiling. The finished look of all these room is worth every penny of this investment. The amount spent is reasonable for a house with nearly 2,000 square feet. These fine touches show pride of ownership and create wow factor.
-The homeowners spent $10,500 installing Milgard double-pane low-e windows and sliding doors throughout the entire home. This improvement packs a triple punch. First of all, homeowners can’t go wrong with replacing windows and doors for homes because they are an essential part of the home. Also, the owners chose a high-quality brand. Finally by picking energy-efficient windows and doors the home will be more energy efficient and help to keep utility costs lower over the long term.
-For $4,400 recessed canned lighting was installed in all the bedrooms, baths, and kitchens. For that price they put in 40 lights! An upgrade like this may not seem like a big deal however it’s a great way to add value. Recessed lighting helps to brighten up the space and is a stylish look.
These are just some of the remodeling projects that the homeowners in South Coast Metro tackled before listing their home for sale. If you want to check how your home improvements can affect the value of your home, it’s a good idea to check with your local Realtor who understands the market conditions. On Zillow, there is a cool feature that allows homeowners to update the improvements and features of their home and see how that impacts the value. Again, a local Realtor can give you a more subjective analysis however it’s key to note that a website like Zillow supports the fact that home improvements do alter the value of homes.
About Torelli Realty: Torelli Realty is proud to represent Costa Mesa real estate. We’ve been meeting the needs of Costa Mesa home buyers & sellers since 1984. Torelli Realty deals with Costa Mesa homes, Costa Mesa apartments, Costa Mesa rentals, Costa Mesa property management, and offers home improvement and home staging tips to help your home’s value throughout Costa Mesa and in Mesa Verde. We also have an expert on staff, Holly Schwartz, who came to us as a producer from Home and Garden Television (HGTV) and extensively studied the most effective home staging techniques, as well as home values and markets locally and nationally. Torelli Realty is also an expert in Costa Mesa short sales and Orange County short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs.
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