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Why you shouldn’t buy the worst house in the best neighborhood
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- 10 Ways to Boost House Value?
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As broker Robert Bailey says, "What you don't notice as a weed, I see as a weekend of work. These kinds of fixes go a long way toward value. Jessica Gopalakrishnan with HomeGain says, "Starting with a couple hundred dollars on a few things could increase the value of your house by a few thousand dollars.
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People are surprised by that. It's exciting.
People think they have to put in a lot of money to see a big difference and they really don't. Investing in maintenance and repairs is not only moneywise; could also be crucial to a sale. Brokers and agents from across the country say the houses that get attention in this buyers market are in tip-top shape. John Veneris, the regional vice president of the National Association of Realtors in Downers Grove, Illinois, says, "What's important in this market, now more than ever, because there is so much inventory, the houses that sell are in pristine condition and are priced to the market.
If maintenance and repairs are in hand, Virginia broker Roger Voisinet says put the greenbacks into green efficiency. Research published by The Appraisal Journal estimates that energy savings add twenty times the annual savings to the value of your property. Though Roger Voisenet cautions, "a lot of appraisers don't know that yet," he says buyers appreciate now what appraisers will recognize later: Energy savers make your house more desirable.
Says Seattle broker Reba Haas, "Do the update green, because everyone is now, for the first time in five years, asking about the utilities. People make up their minds in the first seven seconds of entering a house. Surveyed brokers like a working door bell, and Voisinet says don't forget an overhang, such as an awning or portico, above the front door.
If you're up for more exterior upgrades, move to the back or sides of the house. John Veneris, the regional vice president of the National Association of Realtors in Downers Grove, Illinois, says, "People get back dollar for dollar for the decks they put in. It was about 20 by The owner had encompassed almost the whole area with a deck.
The buyers really liked that. It dressed it up and enhanced the area, making it an extension of the living space. Don't undervalue the materials you're standing on.follow link
5 ways to transform your home for under £5,000
Ninety-four percent of real estate pros recommend spending some money on floors. But it doesn't have to be a lot of money. And you can spend even less than that. A few well-placed nails can eliminate distracting squeaks.
Other small projects with a big impact include repairing broken tile, patching damaged floor boards, and tossing out the wall-to-wall carpeting. In some cases, however, a new floor is in order. Broker Reba Haas says one would-be seller's house might've sold were it not for a kitchen floor that drew questions from buyers. It clashed with the other upgrades in the kitchen. Everyone kept saying, 'That kitchen! If you want a wood floor that holds value, Reba Haas suggests engineered hardwoods.
If you like cork, she says floating cork wears better than cork tile which is glued down and can peel. Brokers, one and all, say spiffing up the kitchen and bath is a sure bet for adding value to your home.
Surveyed brokers say these kinds of improvements can get expensive. It may not be economical to do a major renovation if you are trying to spend as little as possible before putting a house up for sale. But some upgrades are cheap, easy, and fast Replace frosted glass for clear glass, clean the grout, remove rust stains, apply fresh caulk, update doorknobs and cabinet pulls, replace faucets, and install a low-flush toilet. Even buying a new toilet seat can make a difference.
If you're getting ready to put a house on the market, don't allow walls with chipped paint to go unmaintained. If you need to do more than a touch up, choose neutral colors. Broker Reba Haas says, "Get out of your personal taste. Haas calls it the "What's that?
She recommends getting the impartial advice of a friend who can tell you what's drawing attention and raising questions for the wrong reasons. Illinois Realtor John Veneris says homeowners can enlist the help of a trusted real estate professional to consult on what changes to make.
15 Tips For Buying Multiple Investment Properties
So they really need a team approach with the realtor…and a bit of patience. Skip to main content. Sign up today for our FREE email newsletters and get helpful tips delivered to your email inbox.