If you're planning to place your Bay Area home for sale anytime soon, you're in luck. San Jose, San Francisco, and Oakland represent the three most competitive housing markets in the country, as the number of potential buyers is greater than the number of sellers.
However, an increase in demand doesn't mean you don't have to make your home stand out from the other options on the market, especially if you want to yield the biggest return from the sale. Learn what money-making garage updates you can perform.
1. Install Storage
Buyers want a home that looks nice but more important, a house in which they can live comfortably. In fact, buyers specifically search for properties with extra storage features like pantries, separate laundry rooms, and linen closets. A home with ample storage can surely spark their interests.
If you have a large and spacious garage, consider adding built-in storage shelves along the walls. If floor space is limited, you can alternatively install hanging racks on the ceiling. Whichever option you choose, just make sure you consult a professional to ensure you install the shelves correctly and leave enough clearance for vehicles.
2. Update the Garage Door
If you aren't excited about your garage door, you can't exactly expect potential buyers to be excited either. A new garage door is a great way to boost a home's curb appeal and give it a facelift. For an older home, a new door is even a great way to shave a few years off your home’s age.
Once you've attracted new buyers to the property, the new door will also allow you to negotiate a higher asking price. With the increase in security, updated look, and increased energy savings, a new door can increase the value of your home by as much as 4 percent.
Don't think you have to upgrade to a door similar to your existing one; it's OK to experiment with different materials and colors.
3. Perform a Technology Upgrade
Smart-home technology isn’t restricted to living spaces. You can also implement this technology in your garage. With so many buyers looking for functionality and efficiency, updating the technology in your garage is a great way to satisfy their needs.
Start by upgrading to an opener system that offers real-time connectivity. With these units, you can use any internet-enabled device to monitor and control the garage door, no matter where you are.
You can even find systems that will send you an alert anytime your garage door is opened or closed. If you have children that come home from school on their own, this level of access can give you greater peace of mind.
4. Install Floor Mats
In many households, the garage is a multifunctional space — not just a place to store vehicles. These days, people use their garages as playrooms, man caves, beauty rooms, and even home gyms. For a potential buyer who doesn't intend to use the garage for vehicle storage, installing floor mats is a great way to help them recognize the potential of the space.
Floor mats are available in a range of materials, but polyvinyl plastic and rubber are great options, as they are durable enough to withstand vehicle traffic while still serving as a standard floor. Best of all, mats are easily removable and don't leave behind damage to the floor.
When placing your home on the market, your goal is to sell the property as quickly as you can for the best price. All of these garage updates can help you move in this direction. Whether you're selling your home or you just want to perform some upgrades to your garage, Garage Door Factory is here to help.