The median cost of a home in the Dallas-Fort Worth area in 2022 is approximately $291,000. This number has increased by 20% since July 2020. With such a rapid selling market and a high demand for custom homes, you must know the best ways to improve your home’s value for resale. To sell your home for the most money possible, you must spend your money improving the house plans when you begin designing it.
Design Elements
Many factors go into designing your custom house plans. And while you intend on living in your home for many years, there will likely come a time when you must sell it. Therefore, the best way to get the most out of your dream home while living in it and for resale is to include small details and features in the house plan that increase the home’s value over the years.
Kitchen Islands
Adding a kitchen island is a great way to increase storage and countertop space. Especially in larger kitchens with an open area, islands serve as a great gathering area for friends and families during meals and get-togethers.
Settling on a moderate kitchen island for families looking to add value with minimal impact on their wallets is a great way to achieve your goals. With a small to reasonable upgrade, you can recoup 77% of the investment once the house sells.
Fireplaces
Since most states experience some cold weather, many homeowners love the idea of a fireplace or wood stove in their new home. Fireplaces add warmth to the room and double as a feature piece to coordinate your design.
When designing your custom home, adding a fireplace or wood stove is an innovative and affordable option that will pay off in the end. Not only is it simple to install, but there is a 6-12% investment return when you sell the house.
Double Vanity
A double vanity is one of the best cost-effective design elements to include in your custom home. Whether you reserve this for the master bathroom or have it in all bathrooms, double vanities are lost-cost and bring enormous value to your home.
The average double vanity installation costs less than $1,000, but the ROI adds 3% to the sales price. In other words, an average DFW home at $291,000 can add up to $8,730 in value by installing a new vanity.
Wood Deck
Wood decks are great outdoor options for families and people who like to have gatherings. The lack of outdoor space is often a dealbreaker for some, so having one connected to your home is a great way to build value and extend your house plan.
While wood decks are the most expensive option on this list, they bring the highest potential value to your home. A deck costs several thousand dollars in the initial investment, but you can recoup between 60-80% of that money upon resale.
Conclusion
There are many ways to increase your home’s value, but the best ways to do so are to invest in more minor details and projects that don’t break the bank but build incredible value. When designing your Cross Custom Homes, invest in a kitchen island, fireplace, double vanity, and wood deck so that you can enjoy it in the years to come and increase your resale price down the road.
