Improve Functional Appetite
What it means
A significant portion of the value of a home is driven by its unchangeables, namely the lot, location, square footage, view etc., however, a disproportionate amount of equity value can be unlocked if some of these so-called “unchangeables” are modified strategically.
Functional appetite is market-driven and your real estate professional can help guide you on the key characteristics that buyers are looking for in homes today. Some of the recent themes include creating an open floorplan concept, remodeling the kitchen and family gathering area, and updating the bathrooms, especially the master bathroom. Remember, sometimes a small investment into one of these projects could be the key factor in determining the next step function in the value of your home!
KEY TAKE A W A Y
Anytime you consider a remodel of your home, improve the functional appetite to drive equity value. Small improvements can really pay off!