20 Items You're Told Add Value: But Do They?

By
Real Estate Agent with ReMax Premier Properties

I was listening to the news this morning and heard a news anchor talking about adding value to your home. A lot of home owners this such things ADD value, when in fact they don’t I had a client posting on Facebook about his vinyl fence he wants to install, and hes sure it will ADD value. People tend to think doing certain things will tack on how much their home is worth, when if fact, it wont! I dug up and article by the trusted HGTV, and I am going to go over what the additions/ changes WILL do!

Side Note: For the Lafayette area in the price point below 200K, a white vinyl fence is out. Unless of course, its solely for your enjoyment!

#20. Add a Home Office

This tip is more along the lines of ‘staging’. Adding one wont add anything to your bottom line. If you can however, stage your extra bedroom into an office, this will add to your homes appeal.

#19 Add a Sun room

The addition to your bottom line is adding the sq ft. In order to make a decision on this one, i would ask a REALTOR to advise you on the expected value per sq ft vs. the cost per sq ft of adding the sun room An addition of a bedroom, i believe, would better impact your bottom line.

#18 Create or Renovate your Master

If your master is out-0f-date or in need of some de-personalization before listing your home. Go for it. Anytime you can bring your home into the now, it aids in the sale. If you do it early on, you can recoup even more through enjoyment!

#17 Add a Family Room

Much like the Master/ office/ sun room addition. If you can affordable add more sq ft, do it. If it means dipping into your garage, don’t You will recoup more money by keeping the garage then by turning into a bonus family room. An average garage in the Fayetteville Area for 200K or less in 10 grand, PLUS buyers prefer a garage!

#16 Get a New Roof

If your roof is in need or repair, its an expense that is sure to strike. If you wait to offer the potential buyers a reduced price, it may be costing you more to NOT fix the roof sooner!

#15 Liven up the Landscaping

This should be my #1. Often times if your yard is lack luster, it will sit. It doesn’t mean you need to go hog wild. Clean it up, add some color and by all means, cut your grass!

#14 Invest in a Major Kitchen Remodel

This is a yes and no, and truly depends. I most certainly wouldn’t recommend a Major overhaul. There is many tips and tricks that you can do to breathe new life into the space. I wouldn’t make it personal nor trendy and I would only recommend spending big bucks in important areas.

#13 Add another bath

Bedrooms, bathrooms and total sq ft is where you home is priced at. If you can add another bathroom in a 1 bathroom home, do it. Be mindful of the finishes and fixtures you use and don’t eat up the garage!

#12 Be sure and Addition Blends

It goes with curb appeal. Don’t add a 1980′s modern addition to you 1800 traditional home!

#11 Install new windows

If your window sills are rotted or your windows don’t shut, it may be time. If you don’t have the new energy star windows, converting wont make you money!

#10 Refurbish the basement

Unfortunately, basements aren’t common in NC. However, if you have an unfinished bonus room: finish it! Of course, being mindful of how you elect to spend your money helps!

#9 Add a deck

I wouldn’t ADD a deck. If your deck is in disrepair, I would most certainly advise in bringing it back to life!

#8 Do a Major Bath Remodel

Bathrooms and kitchens sell houses. Its important to keep the bathroom in the now. Your bathroom should not have an ounce of gold!

#7 Paint, Paint,Paint

Its your home. If you want black walls, go for it. when you go to sell, know that the orange bathroom will be neutral!

#6 Add to the attic

Much like basements, attics are too hot to hang out in!

#5 Build a Second Floor

Once again, if its for you, go for it. I would always recommend asking an agent before you invest in your home, hands down.

#4 Keep Rooms Flexible

This go more for staging You don’t want every bedroom in your home to be baby powder blue or lilac. Yes, showcasing one nursery is fine but you have to allow the buyers to imagine their needs being met in your home!

#3 Revive the Kitchen

YES YES YES. Always hands down!

#2 Make Minor bath changes

Bring the home into the now. Kitchens and bathes sell, spend your money there first!

#1 Spruce up the Siding

If it needs to be replaced, replace it. If your home is an unattractive color, look into investing there. Curb appeal all the way

HGTV’s Article Found Here

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Rainmaker
765,912
Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

A few of these are off the wall! Spruce up and take care of the deferred maintenance items ABSOLUTELY... PRIOR to you put the house on the market... Carpet, paint etc... The stuff that screams: take care of me. to buyers..

Additions etc.. Ummm NO, why do that just to sell your house? 

Jul 25, 2011 05:58 AM #1
Rainer
28,127
Elisha Grace
Opportunity Mortgage - Bozeman, MT
Bozeman Montana Loan Officer

What do you think of paying the buyer's closing costs up front in the listing?  Do you think that this adds value or detracts from the negotiation?  I never see this.  Is it not allowed in the listing?

Jul 25, 2011 05:59 AM #2
Rainmaker
642,556
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Danielle ~ great list and comments.  The best inexpensive way to update a home is to change out old tired light fixtures in kitchens and baths.  And a neutral paint color can go a long way as well.  To add additions just to sell is crazy!

Jul 25, 2011 06:06 AM #3
Rainer
144,389
Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

I  like looking at these types of list from other parts of the country just to get an idea of what things in other markets make a home more appealing to compared to my local market here in San Diego, CA.

Jul 25, 2011 06:26 AM #4
Rainer
28,157
Danielle Germick
ReMax Premier Properties - Fayetteville, NC

I know. It amazes me the things that homeowners THINK add value. The majority that you do to the home is JUST maintenance!

I prep all my sellers for paying the buyers closing cost. I dont advertise it in the MLS though. I do advertise a 1 year home warranty.

Jul 26, 2011 07:42 AM #5
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Rainer
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Danielle Germick

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