There are plenty of individuals who love flipping homes, and it offers a lot of upside for aggressive investors who are willing and able to make the necessary renovations. On the other hand, the majority of homeowners and property investors prefer to “buy and hold” properties indefinitely. Whatever your situation, you certainly want to make a healthy profit whenever it’s time to sell! Making a few simple renovations can significantly increase your property’s listing price, and it’s crucial to choose improvements that offer the most “bang for your buck!”
Ferstl Valuation Services has offered professional real estate appraisals in Little Rock since 1967, and we’re ready to put our experience to work for you! J.T. Ferstl, MAI, is also an Arkansas-licensed attorney with decades of experience, and we offer professional real estate consultations to help you evaluate whether or not a real estate transaction is the right fit for your investment objectives. Here are a few things to consider as you plan your upcoming renovations, and we’re always a phone call away if you’d like to schedule an independent appraisal!
Exterior upgrades—According to The Journal of Light Construction’s 2025 Cost vs. Value Report, installing a new garage door potentially offers up to a 349.3% return on your investment! Additionally, replacing the entry doors with steel doors or adding manufactured stone veneers to the home offers up to a 200% ROI.
Interior upgrades—A newly remodeled kitchen is an excellent way to generate a lot of interest in a home or commercial property. According to Zillow, kitchen upgrades offer up to an 80% ROI, and you can also typically recoup about 60-80% of the cost of bathroom renovations.
Budget-friendly upgrades—If comparable properties in the neighborhood are selling quickly, making a few capital upgrades is a very savvy business decision. On the other hand, you don’t want to over-improve a property in a transitional area and price yourself out of the market! A fresh coat of paint can instantly improve a home’s value by hundreds (or thousands) of dollars, and you’ll want to keep the home clean and the lawn mowed at all times. Just remember to always understand your own limitations when it comes to DIY projects, and prioritize functional upgrades over cosmetic ones!
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439.
