6 Worth-the-Price Fix-Ups
Simple and affordable do-it-yourself projects can greatly increase a home's resale value, according to HomeGain's annual home improvement and staging survey done in April 2011.
The company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.
1. Cleaning and decluttering. Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean. ◦ $290 Cost ◦ $1,990 Return
2. Brightening. Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows. ◦ $375 Cost ◦ $1,550 Return
3. Smart staging. Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background. ◦ $550 Cost ◦ $2,194 Return
4. Landscaping enhancements. Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured. ◦ $540 Cost ◦ $1,932 return
5. Repairing electrical or plumbing. Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures. ◦ $535 Cost ◦ $1,505 Return
6. Replacing or shampooing dirty carpets. Steam-clean carpets, replace any worn carpets, and repair any floor creaks. ◦ $647 Cost ◦ $1,739 Return
Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.
- Topic: Home Selling
- Location:
- Illinois Cook County Schaumburg
- Groups:
- Advice for Sellers
- Local Expert
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710,880
Lyn
I'm surprised painting didn't make the top list. This is almost always one of the things we undertake if the walls are painted a bold color (orange, for example) or are horribly smudged, flaky or peeling.
Another trick I learned from a stager: One of my clients had a hideous rusty brass light in the breakfast nook. The stager recommended painting it black -- and it made a world of difference.
2,306,898
There are things that sellers can do to help show their home off to it's best advantage and they need to make sure they haven't missed any of these inexpensive spruce-up advantages. Nicely done.
1,677,741
Ron: The learning curve here can be very steep.
Jane: Interesting, that is true. Some people are still painting in colors that hurt your eyes.
Judi: It really is for their advantage & not very costly at all to show their best.
Pacita: OR, they could paint it that burnished bronze color also. I think that the $10 brass chandelier's that builders put in their homes should be outlawed. Especially when they are over 20 years old.
3,987,460
Lyn, I'm sending this to one of my to-be sellers! GREAT list and thanks for sharing it. It's always nice to be able to show that the return is so much better if they do a few simple tasks.
1,289,786
What's the old saying, Lyn??? Sometimes it's the little things?? The lack of cleaning sends up warning signals about the entire home and how well it's been maintained. A little elbow grease fixes that and goes a long way towards securing a sale. Keep on preachin' ...
Gene