Selling your home? If so you may be tempted to go crazy with a lot of remodeling to get the most money for your property. You need to be careful though because not all remodels are created equal. There are some things that you can do to maximize the amount of return on your property, and things that you could do that you won’t get your money back on when you sell the property.
Getting The Best ROI From Remodeling & Updates
In our previous article “Tips To Sell Your House Fast” we covered a lot of the basics, and one of the most important things to get the most money for a property, and that is cleaning and decluttering. A lot of people overlook the decluttering and how much it can add to the overall sales price of your property, especially closets.
But when it comes to remodeling, there are things that you can do to add value and others that won’t.
One of the least expensive things you can do is improve your landscaping. If you don’t have a professional landscaper maintaining your property, then it will cost you some additional “sweat equity”.
Spruce up the grounds
This is one of the easiest—and cheapest—tricks in the book: Good landscaping can add up to 28% to overall home value. Why pass up free money?
“When it comes to houses, they are often read by their cover,” says Helaine Newman, a Realtor® in Fairfax, VA. “Homeowners should make sure their home is nicely landscaped so buyers want to come in.”
Hire a landscaper to give your front yard the once-over, or just clean up the details yourself (e.g., edge the lawn, plant flowers), and update the outdoor furniture on the front porch to give the space a fresh, “buy me now” appeal.
But if you don’t have time for a full overhaul of your front yard, small changes can still have big impact.
Continue “6 Must-Do Home Improvement Projects to Tackle Before Selling a House” HERE
Who wouldn’t want to add a full 28% to their selling price?! Now these numbers are subject to the type of property you are selling, more likely from 200k and up. It’s also important to note that this is what is known as “curb appeal”. The more inviting your property is when buyers arrive the more likely you are to get a buyer faster.
The next thing to consider that is relatively inexpensive is paint:
Paint over reckless color choices
If your bedroom is purple or your living room, orange, cover it up with a nice light beige. Even if your house is already painted in neutral colors, consider repainting rooms where the walls and ceilings are stained or faded. Nothing makes rooms look new like a fresh coat of paint, and it’s one of the most affordable ways to update your space.
Continue “8 Home Improvements To Boost Your Chances of Selling” HERE
Paint colors can be a big selling point. If you have really radical colors throughout your home you are going to limit the amount of potential buyers willing to make an offer. Some families are just to busy to plan on performing a lot of painting before or after they move into a property. Some buyers maybe so turned off by radical colors that they might be turned off from the property all together.
The last thing we will talk about is the kitchen. Kitchens are a big selling point in all homes, unless it’s a bachelor that is purchasing the property 🙂 . It is easy to go over board on kitchen remodels, but Bank Rate has some excellent advice on this topic:
Minor kitchen remodel
Average cost: $21,198
Average resale value: $17,193
Cost recouped: 81.1%
Before you go for a major kitchen overhaul, consider a minor one. This approach will recoup about 81 percent of its cost. This upgrade uses a 200-square-foot kitchen with 30 linear feet of cabinetry. Instead of removing cabinet boxes, update the fronts with modernized shaker-style wood panels and drawer fronts. The same goes for the countertops; simply replace them with new laminate. Next, swap out older appliances with energy-efficient models. Update the sink and faucet; refresh the paint trim; add wall covering; and replace resilient flooring.
Continue “6 home renovations that return the most at resale” HERE
Great advice on the kitchen, especially the kitchen cabinets. However when it comes to the countertops you have to take into consideration what the houses in your neighborhood have. If they are granite, then you will have to update to granite, just shop around for the best price.
You don’t have to go crazy spending money to get the most out of your sale. With some “sweat equity” inside and out, you can make your property look like new again. If you have more funds available to you, you can always do a kitchen “tune up” to help get the most for your property.
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