Sell Your Home Faster and for More Money Staging Your Home
A study of homes compared the sales price and time of sale of homes that were staged. The staged homes sold for approximately 5% more than those that were not staged and sold within half the period experienced for the non-staged homes.
General Guidelines:
Kitchen:
Studies indicate that buyers consider the kitchen to be the most important area in the home. While a major kitchen remodels will not add more value than its cost, the minor aesthetic improvements suggested below will make your kitchen shine without costing you a great deal.
Bathrooms:
Bedrooms:
Garage:
Major vs. Minor Repairs:
Major repairs, such as adding a new wood deck, adding a room, or completely remodeling your house have under 100% return on investment. It usually takes years before the expense of these items is recouped, if ever. The major improvements that come closest to having 100% return on investment are remodeling kitchens, bathrooms and possibly the addition of a second bathroom or a third bedroom.
In contrast, minor repairs that improve the appearance of your home can be done with little expense and offer over 100% return on investment. These minor repairs should be undertaken before you sell your home, as you will typically get more money back for each dollar you spend on them.
Minor repairs include:
Repairs in Anticipation of the Property Inspector
A “clean” property inspection report increases a home’s desirability as many buyers, are too busy to focus on home improvement.
The following repairs will be relatively cheap and result in a higher selling price:
Enhancing Curb Appeal
A buyer’s first impression of your home is the most powerful and lasting. If your home lacks “curb appeal,” potential buyers may continue driving past your home without even entering.
The following measures can improve your home’s curb appeal for a small investment of money and time, which will yield large returns. Any improvements done for resale should have over 100% return on investments. The following recommendations do give that return.
Landscaping:
Exterior Appearance:
Landscaping, painting and the minor improvements mentioned above will improve the potential buyers’ first impression of your home and will have a great return on investment.
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