How to Increase Your Home Value in Riverside, California
Riverside, California is known for its citrus fruit and beautiful weather. It is also one of many hot spots for those looking to live outside of the hustle and bustle of the city of Los Angeles. Although popular, the sale price of homes has decreased slightly in the last year while the time on the market for homes has increased.1 This trend is bad news for homeowners in the area looking to sell. Fortunately, there are some ways to increase the value of your Riverside home before it hits the market.
Best Home Improvement Projects for Riverside Homes to Increase Value
If you are thinking about selling your house in Riverside, you want to make sure you get maximum profit. For many homeowners, this involves some updates before selling, but how do you know which improvements will be worth it? Every location is different, so the updates that are best for a house in Texas will be very different from the updates recommended for your Southern California home. At Curbio, we are sharing some tips on how to increase your home value in Riverside so you can get the greatest return on your investment.
Add a Deck
With an average of 277 sunny days a year, Riverside is a great place to soak up the sun.2 For home buyers wanting to take advantage of the beautiful weather, a deck is an enticing addition to any Riverside home. The best part is, decks had a 73% average return on investment in the Pacific U.S. in 2022. This rate was also higher than the national average of 65%.3 This upside makes a deck a great investment for homeowners wanting to increase the value of their Riverside home.
Update the Kitchen
Gone are the days of worn wooden cabinets, colorful appliances, and busy backsplash tiles. Having an updated and modern kitchen is a growing desire for many home buyers. By doing a pre-listing kitchen refresh, you could increase the value of your Riverside home and get an average return on investment between 77% and 88%.4
Add Some Fresh Paint
There are several ways to increase your Riverside home’s value, but painting your home may be one of the easiest. A fresh coat of paint is an example of some basic listing prep that can go a long way. Whether for the interior or exterior of your home, peeling paint layers, faded tones, and outdated colors can all have buyers turning up their noses. A quick fix is to add a fresh layer of paint in a neutral color. According to one report, painting the interior of your home may result in a $2,001 increase in value, and painting the exterior can result in a $2,176 increase in value.5
Replace the Garage Door
One of the most profitable home improvements for your Riverside home is a new garage door. Whether your garage door is damaged or simply looks outdated, adding a new garage door can drastically improve the look of your home. This one update also has the highest return on investment for home sellers in the Los Angeles area at a whopping 99%.4
Do Some Landscaping
Another one of the best home improvement projects for Riverside homes about to be put on the market is landscaping. The front yard is like your home’s first impression, and the backyard can help your house keep a buyer’s attention. Have buyers ready to make an offer with some pre-listing exterior updates such as trimming untamed shrubs, power washing the driveway, or planting some new flowers. Especially when there are several properties up for sale in the Riverside housing market, increasing your curb appeal can help your home leave a lasting impression.
Replace the Windows
Not only are old windows unattractive, but also they can make homeowners feel like they are throwing money out the window because of poor insulation. Especially in the summer when Riverview temperatures are in the 90s, buyers want a house that isn’t cooling the entire neighborhood. In the Los Angeles area, updating the windows will typically result in a return on investment of 82% for vinyl and 79% for wood.4
Understanding how to increase your home value in Riverside can help you not only walk away from a sale with more money, but also get a leg up on the competition. If you want to get the most for your money, we may be to assist you. At Curbio, we help you determine the best updates for your Riverside home that will help you get the greatest return on your investment when you sell. Ask your real estate agent about partnering with us or explore our other resources for homeowners to learn more about how you may be able to sell your home faster and for more.
Sources:
- Redfin (2023). Riverside Housing Market
- Bestplaces. Riverside, California
- Remodeling by JLC (2022). Regional Data Pacific
- Remodeling by JLC (2022). Regional City Data – Los Angeles, California
- Opendoor (2022). The paint colors that can boost your home’s value