The Grand Prairie area is currently experiencing a hot seller’s market, where the number of prospective buyers is higher than the number of listings on the market. Now’s the perfect time to sell your Mira Lagos home—but if you want to receive the largest possible offer for it—it’s important to make sure everything is move-in ready before listing it. Walk through the house with your Mira Lagos real estate agent and create a renovation plan that focuses on the areas that need the most attention. Below are some updates for your Mira Lagos home that are sure to have the largest return on investment (ROI).
1. Invest in the bathrooms
More than ever before, potential buyers are seeking well-appointed, relaxing spaces in their future homes. A luxurious primary bathroom offers both functionality and relaxation, and this renovation is a major incentive for Mira Lagos buyers.
A minor remodel (including the flooring, vanity, shower head, and lighting for your bathroom) can cost as little as $10,000, and return all your investment. If you want to take on a more extensive remodeling project, a major bathroom remodeling (that reconfigures the layout of the room and installs new countertops, flooring, and fixtures) is also worth the work. This type of remodeling can easily top $25,000, but will likely return at least 93% of your money when you sell.
2. Focus on curb appeal
First impressions are everything when it comes to selling Mira Lagos homes, and buyers will begin picturing their lifestyle in a house before they walk through the front door. Homeowners can secure a favorable first impression by putting time and money into a renovation project that addresses their lawn, front walk and driveway, and front porch. This is one area where a little goes a long way. It can cost as little as $1,000 to have your yard tidied up by a professional landscaper, and to add some outdoor lighting, and colorful potted flowers near the front walkway. This entire expenditure (plus more!) will return to your pocket the moment your home sells. Take the project one step further by repainting or replacing your front door and garage doors, and placing stylish outdoor furniture on the porch. These small changes make a big impact when it comes to making a good first impression, and are among the easiest and most affordable adjustments for your Mira Lago home.
3. Take on a kitchen remodeling project
The kitchen has always been the heart of the home. In Mira Lagos and elsewhere, it’s a room that’s taken on even more importance during the past eighteen months. Homeowners want their kitchens to be a place for planning and cooking meals, as well as a room for entertaining guests and gathering the family together at the beginning and end of each day.
If your kitchen is outdated and closed off from the rest of the home, your sale price will benefit from a full remodel. This means opening it up to its surrounding rooms and changing the floor plan—a project that could cost upwards of $125,000. Though this kind of extensive project only returns an average of 54% of your investment, it can mean the difference between selling your Mira Lagos home quickly versus lingering on the market. You can opt for a more minor kitchen remodel that updates appliances, lighting, countertops, and flooring for a more modest cost of around $21,000. This type of renovation returns an average of 81% of the investment upon selling.
4. Install replacement windows
Adding new windows or replacing old ones leads to better lighting as well as lower utility bills. Not only do new windows add to the beauty of your home’s interior, but they also add a significant boost to your curb appeal. Depending on how many windows you have, their size, and the type you choose to upgrade to, this project can cost anywhere from a few thousand dollars to $10,000 or more. The average ROI on a project like this is 86%, meaning you’ll get the majority of your expenditure back when you sell your Mira Lagos real estate.
5. Pandemic-friendly projects
In addition to an updated kitchen and bathroom, emergent luxury amenities for your Mira Lagos home include dedicated home offices, enhanced outdoor living spaces, and smart home appliances. Talk with your Mira Lagos real estate agent about whether these projects make sense for your home and how much they may add to your resale value. While these additional amenities will all increase the amount of money your home fetches on the market, they should take a backseat to the primary remodels in your bathroom or kitchen.
If you’re ready to take the next step in renovating, listing, and selling your Mira Lagos home, reach out to Dallas real estate agent Kevin McDonald for trusted, local expertise—and the best customer service in Texas.