Posted On: November 5th, 2014 5:29AM
Reno for Resale
Planning to sell your house this year? Remodeling can mean the difference between "for sale" and "sold." But before you tear the whole place apart, be certain you're investing in upgrades for which you'll see a return. Top tips from Renovation Realty can help you identify the home improvements likely to pay you back.
Kitchen Can't Miss
The most frequently used and commented upon room in your house is the kitchen, and that makes it your number-one renovation priority. Since an up-to-date kitchen helps entice homebuyers, money you spend in this space can usually be expected to find its way back into your wallet.
Even small, low-cost improvement projects can change the face of your home more dramatically than you might expect. For example, a fresh coat of paint will transform the character of a room. Likewise, adding new plants to the front yard greatly enhances curb appeal, and it's important that your home make the best possible first impression.
Keep your eye on what's working for others. Market trends may provide clues as to whether buyers will respond to a remodeling effort you're pondering. Data suggests, for example, that homebuyers are hot on modern bathrooms but lukewarm on home theaters. Also trending are open floor plans and water-conserving landscaping.
In trying to sell your home, appeal to the largest number of potential buyers you can. Hold off on painting the dining room a bold color, no matter how much you might love that shade of purple. Opt instead for an earth tone. Not only do neutral colors help buyers visualize themselves permanently living in a home that's on the market, but subdued tones also easier to paint over.
Do a little reconnaissance. Check out other homes in your neighborhood that have recently sold, paying special attention to those features that buyers have found most appealing. Knowing the details of how other sellers have been successful will help you determine which areas of your home deserve your attention first.
Don't Go Overboard
Don't get caught in the home improvement trap of shelling out remodeling dollars you won't make back upon resale. To be sure you're spending wisely, ask a real estate professional for advice on whether or not to pursue a particular renovation you may be considering.
To DIY or Not?
Know your limitations and avoid having to pay a contractor to fix your mistakes. If you're not 100% sure you can handle a project, seek a helping hand at the outset. Doing so is likely to save you time, money, and heartache in the long run. As always, hire only licensed contractors for any home improvement project you decide on tackling.
If you're interested in more on selling homes, consider:
5 Smart Home Improvements? Think Again!
3 Top Ways to Capture Value in 2013
Bob Vila Radio: Remodeling Return on Investment