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Everybody wants a nicer home, but while some home improvements may improve your lifestyle, they don’t necessarily add equal value to your house. Although the return on investment partly depends on where you live, here are some general rules:PaintingReal estate brokers say the more you do to enhance your home’s “curb appeal” (or how it looks when a potential buyer pulls into your driveway), the more likely you are to sell it at the price you want.Kitchen & BathroomsA recent survey by the National Association of Realtors showed that remodeling your kitchen or bathrooms was one of the best ways to add value to your house. On average, 88% of the cost of kitchen remodel is recouped in the resale of a house, the survey says, while 82% of the cost of remodeling a bathroom is recouped.AdditionsAdding a room or garage to your house is one of the more expensive improvements you can make, but it can pay off. The NAR survey says that about 84% of the cost of an addition is recouped when a home is resold. However, the association warns, “only careful design and seamless execution makes this pricey piece of work pay off at the closing table.”Finishing RoomsConverting underused rooms-such as a basement – into a more functional space can make the house more livable, but you won’t necessarily get all your money back. The NAR survey showed that on average you’ll get 75% back if you convert your attic into a bedroom and about 69% back if you refinish your basement.Landscaping and DecksMaking the yard look better always improves curb appeal, but if you put $10,000 into your backyard, don’t expect to see all that money back.ASK YOUR AGENT!!Because your agent makes a living through buying and selling homes in your neighborhood, they are most likely to know what features are important and which improvements will spur offers and stimulate a faster sale. Don’t over-invest in renovation costs. Buyers frequently prefer a more reasonable purchase price and the luxury of decorating to their taste.Fix Up For A Faster SaleOutdoors
5 Tips to Get Your Home Ready for Sale
1. Depersonalize.Walk around your house and start looking for personal touches. You’ll want to remove any personal items you find so potential buyers have no problem visualizing themselves living in your house. Start by taking down all the adorable photos of your kids. You can put them up again in your next house. Also, tackle the most personalized spot of the house, the refrigerator. Take EVERYTHING off it. You don’t want strangers looking at your children’s report cards, your budget, your calendar, or whatever else you have taped up there. Also, it really cleans up the kitchen to have a refrigerator free of papers and photos.2. Break the clutter addiction.You know where they are- those clutter stashes around your house. It’s time to get rid of them once and for all. Not only will your house look less junky without the clutter, but you may also find a few things that you’ve been looking for. Take a large garbage bag (or two) and a box, and get to work. Throw away all that you can and donate the rest. If you find anything in the clutter that you simply must keep, make yourself also find a place to put it. No more junk drawers or piles on the countertop or beside the bed. It is time to break the clutter addiction once and for all.3. Make your home appealing.
When selling a home, curb appeal can’t be underestimated. How many potential homebuyers drive around neighborhoods, see the outside of a home that they like, and then have their real estate agent schedule an appointment? If it appears that you’re decorating with overgrown weeds and peeling paint, not too many people are going to drive by your house and want to take a closer look. Instead, get your house ready to sell by cleaning up the outside. Paint if needed, or at least touch up the paint on the shutters and trim. Add some potted plants to your front porch. Create a look so that your home shouts out, “Hey, come see what’s inside!”4. Take care of any stinky situations.Your home may smell and you may not even realize it (especially if you have pets or if you smoke). Have a friend, especially one who can be painfully honest, sniff around your house and point our trouble spots. Clean the carpets or furniture if needed. Change the litter box everyday. Then, start cooking. If you have potpourri or scented candles around the house, that can be a clue to potential homebuyers that you are trying to disguise smells. Instead, bake food that smells delicious – cookies, pies, cakes – and leave some out for sampling.5. Start cleaning.One of the most important things that you can do when selling a home is to thoroughly clean your house. Scrub the baseboards, moldings, and the blinds/ Clean the carpets. Get your wood or tile floors to shine clean as if your mother-in-law is coming. Also, there is nothing wrong with getting a little help. Spending some money on a professional cleaning service can be well worth it. It will get the job done faster, and hopefully better, than if you did it by yourself.A last and final tip: If you are considering selling your home, take an afternoon and go to a new home community. Walk through the model homes. Notice how sparse they are. Model homes are depersonalized, de-cluttered, and very clean. Aim for that same look for your own home when you’re looking to sell.
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