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The Difference Between For Sale and Sold |
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Home improvements as Smart investments150% REMODELED KITCHEN:
A kitchen update can reward a seller with a sizeable payback. Just remember though; splurging on fancy equipment may cut into your profit. Keep it simple.
100% REVITALIZED LAWN & GARDEN:
A verdent lawn and a modest but colorful flowerbed will entice potential buyers. Teh few hundred dollars invested may yeild serverl thousand in profit.
100% FIREPLACE:
Especially if it is energy efficient, such as a gas model. A fireplace holds the promise of cozy family gatherings around the warmth of the hearth.
90% SECOND BATH:
All it takes is a simple 5x9 foot extra bath to make mornings more civilized for most families. But don't count on a return on extras like a heat lamp or whirlpool tub.
80% ROOM ADDITION:
For the most attractive return of your investment dollars later on, the added room should be today's popular family room or a bedroom.
60-80% REMODELED BATH:
A master bath is on many buyer's list, so invest here. If you own only one bath, install two sinks or a double vanity to handle the morning crowd.
70% EXPANDED MASTER SUITE:
To keep costs down, try to find extra space to create this wish list item by combining existing rooms and spaces. Heavy structural work entailed by adding square feet diminishes your return.
70% DECK:
Outdoor living space is a desireable asset no matter where the locale. No maintenance decking material leaves lots morel eisure time, too.
50% EXTERIOR PAINT:
Sprucing up tired siding, trim etc., can take years off the look of an older home.
50% FINISHED ATTIC:
You can expect to recoup more of you investment if you make sure the renovation does not detract from the aesthesics of you home. It is especially attractive as an extra bedroom in a small house.
40% FINISHED BASEMENT:
This is a great way to gain added living space without building a costly addition. If the basement has an access door to the outdoors, the project becomes more vaulable.
40% HEATING SYSTEM:
Replace it only if your old system is dysfunctional. Depending upon a buyer's priorities, a new energy efficient furnace may or may not be a selling advantage.
35% NEW WINDOWS & DOORS:
Buyers appreciate changes that improve the look of a house, so attractive French doors, for example, may be a plus. Energy efficient units are an ecological boom, but may be a resale bust.
30% GARAGE:
Don't go overboard to blend it inot you home's architectural style. Its desirability increases if you live in a part of the country with a harsh climate.
0% SWIMING POOL:
Unless you live where the sun always shines, such as California, this luxury item can detract from your resale profit.
Loni L Ferrier
If you would like more information e-mail me at loni@newhorizonscolo.com or call 970-351-0922 or 970-689-1192 (cell)
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