5 Luxury Upgrades for Your Minneapolis Home
Try these projects to make your home more convenient and comfortable, as well as improve its resale value
Whether spring’s in full bloom or the autumn leaves are beginning to fall, it’s always the perfect time to assess Minneapolis properties and decide which luxury upgrades would make sense. There’s always something you can do to your home to make it more comfortable and to improve its value.
Among the many upgrades that make sense are old favorites like bathroom or kitchen remodels. Some upgrades that have become popular in more recent years are improving your outdoor spaces, adding or enhancing a home office, and putting in a wellness room or home gym.
While the list of possible upgrades is long, it’s important to zero in on the ones that will give you the most return on investment (ROI) whenever you list houses in Minneapolis for sale. While some upgrades return 100 percent or close to it, not all projects do. If ROI is a big concern, be sure to check the 2022 Remodeling Impact Report from the National Association of Realtors, which breaks down some of the most popular projects and their ROI.
Of course, what matters most is your house and what you’d like to have done. You can always check around with friends and neighbors who also own Minneapolis properties and see what they’ve done. Or, if you plan to sell your home soon, you can research current listings and see what upgrades seem to be popular.
Housing market
The market for Minneapolis properties remains heavily tilted in favor of sellers due to the low inventory of homes. That in turn has kept prices high, and the current median home price is slowly continuing to increase. This is good news if you plan to sell your home shortly, as it’s a reasonable expectation that prices will remain high in the coming months.
If you are angling to sell your home soon, it’s a good idea to start researching the best real estate agents to represent you during the process. Having one of the top real estate agents in Minneapolis represent you is wise because they will work hard to sell your home for the highest price possible and in the shortest amount of time. They also should have a good idea of the location and what types of upgrades are expected given the area. Your agent will be a great sounding board for what luxury upgrades you should make.
Wellness room
One of the most sought-after luxury upgrades that buyers of Minneapolis properties want is a wellness room or home gym. The terms can be interchangeable; the bottom line is that buyers want a room where they can work out or do exercises such as yoga. In the last couple of years, homeowners are looking for ways to keep up with their physical as well as mental well-being, all from the comfort of their homes. A good home gym should be well-lit and have some top-of-the-line workout equipment including a weight machine or free weights, and a machine such as an exercise bike, rowing machine, or elliptical. Be sure to leave enough space for yoga or other activities.
Outdoor spaces
Another smart luxury upgrade that can help increase the value of houses in Minneapolis is to perk up your outdoor space. This is a popular upgrade as homeowners tend to want to get the most enjoyment out of their space possible. A nice outdoor space is also high on the list of luxury amenities homebuyers are looking for. Although using a backyard in Minneapolis is usually limited to the late spring, summer, and early fall, it’s an excellent feature to have. Some examples of perking up an outdoor space include adding or expanding a deck or patio and installing an outdoor kitchen. And you’ll be glad you did once you start enjoying barbecues and family dinners during the summer months. Plus, a pleasant outdoor space is a great place to entertain friends. Round out the look and ambiance with a gas-powered fire pit, and if you don’t have the room or budget for a permanent fire pit, you can always buy a portable one at a big-box store.
A dedicated home office
Home offices are on the rise. In today’s landscape, working from home and pivoting to a hybrid work model is becoming the norm. That’s why it’s important for owners of Minneapolis properties to have a productive, functional environment where they can put their best foot forward in the comfort of their own home. Instead of setting up your laptop at the kitchen table or even on the coffee table, it makes more sense to have a dedicated home office in a separate room. That will allow you to have some privacy and peace to focus on your job. A spare bedroom or a room in the basement can easily be transformed into a home office. A dedicated home office should have room for a desk, shelves, file cabinet, a wall hanging or two, and adequate lighting. If there’s room, a sitting area is a nice touch.
Curb appeal
Although you might not use your front yard as much as your backyard, it’s still important to keep it looking nice, especially if you plan to list your home anytime soon. Curb appeal is a huge factor to account for when listing your home. You’ll want the front yard neat and tidy to give buyers a positive first impression and want to come inside to see the interior. Keep the lawn green and mowed, the trees and shrubs trimmed, and flower beds blooming. Paint the front door a fresh, warm color, and replace the porch light with a new, stylish fixture.
Replace the siding
Minneapolis properties take a beating from the weather, so consider replacing your current siding with new, fresh-looking vinyl siding. Vinyl siding is relatively inexpensive and can be painted your favorite color. It also has a great ROI, as many homebuyers love the clean, fresh look and easy maintenance.
These are just some of the luxury upgrades that make sense for your Minneapolis home. If you are ready to sell houses in the area, let Minneapolis native Isaac Kuehn put his unique knowledge and talents to work for you.
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