Do - It- Yourself / Added Profits

Real Estate Broker/Owner with Caron's Gateway Real Estate NH #054318

Do-it-yourself improvements that help increase the likelihood a home would sell.

The top low cost home improvement continues to be to clean and de-clutter your home. It may cost you about $400 to make the most of this home improvement but sellers who make the financial commitment can benefit by seeing a "returning value of just over $2,000 to the home's sale price". That's a 403 percent return on investment (ROI).
Second improvement is lightening and brightening your home. This makes perfect sense. If a home is dark and difficult to view, many buyers won't spend even minutes in it. Buyers want to be able to explore the home, seeing every detail. Also, homes that are dark often convey a dreary tone and may give buyers the suspicion that there may be hidden damages in the home.
In a buyer's market, sellers need to dress their homes for success before putting them on the market, making their home the best bang for the buck in the area. 
Projects that can be do-it-yourself  home improvement projects for the seller are creating greater ROI.  Hiring the same jobs out are costly and seldom recoup the cost.

Sellers who are listing their home on the market should take a close look at the competition. then try to see their home through the eyes of a potential buyer. Then, check out its flaws and fix those issues that they can.
Remember, buyers don't have a history with your home. They're not necessarily attached and willing to overlook the downside of your property.

Comments (4)

Adrian Willanger
206 909-7536 - Seattle, WA
Profit from my two decades of experience

Diane- I totallly agree with you, sellers can help their own selling cause by doing some of the basic de-cluttering, cleaning and minor repairs before putting their homes on the market. Excellent advise. 

Apr 30, 2012 07:27 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

This is true and wonderful advice for seller's they need to spend the little money up front for greater returns at closing.

Apr 30, 2012 07:35 AM
Rob Ernst
Certified Structure Inspector - Reno, NV
Reno, NV-775-410-4286 Inspector & Energy Auditor

Cleaning and de-cluttering definitely make a home more appealing. Plus the Home Inspector will appreciate it.

Apr 30, 2012 01:12 PM
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

thanks for your time reading and commenting

May 01, 2012 02:10 AM