With the middle and lower end housing mark in a slump, is now the time to take some ideas from the upper end homes that seem to be holding their own?
Ok...I know what your saying,"What are you nuts? I can't afford to add a 3000 sq ft terrarium to my home or a indoor pool with a retractable roof! Besides, my house valuation has gone down and I've nearly lost all my equity in my home!" I'm not suggesting anything like the above, but there are simple home solutions and upgrades that can help make your home stand out from the rest. New tile in the bathroom, wood flooring that now a days basically snaps together. Most importantly, and the 2 cheapest upgrades, paint and organization.
You would be surprised how many homes are on the real estate market that if the owners only painted the interior of the home, it would have made it stand out from all the others in their neighborhood. Being a lender,I go out on Sundays to open houses to see what is on the market and also to make contact with Realtors. But I also go out to see why a home has been on the market for 8 months. usually it's just paint and organization. Remove the clutter and the nonsense. Store your children's toys, remove the framed photo of you and your buddies at the newest strip club in Vegas hanging on the wall of the room you have designated as your home office. Common sense.
For those that are more adventurous, or for the curious, here is a website, Renovation Wizard that shows you which renovation will give you the biggest bang for your buck, and what percentage of return you can expect.
Remember, when you are trying to sell your home, use common sense. Go out your front door and close it. Stay outside for at least 10 minutes and then slowly walk back in and look at this home as if you were seeing it for the first time, would you buy it.
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