In a hot real estate market where the house values are skyrocketing, sellers apparently do not have to do much to attract buyers. That said, doing a few upgrades and repairs can help increase (or at the very least protect) the value of your home, often providing a significant return on your investment. Plus, they can help avoid any disturbing surprises during inspections, when even minor issues are widely exposed..
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While complete renovations are sometimes in order, requiring a substantial investment of money and time, there are many small-scale renovations and renovations that can spruce up the look and value of a home. Many of these upgrades can be tinkered with, often for little money when you consider the big picture.
Apply a new coat of paint inside
“A fresh coat of paint in your home can do wonders for the overall appearance and value of your home,” said Chevie Publicover, marketer for home service businesses in Headquarters digital marketing. “The amount of work relative to earned value is greater than the costs of any other home service. A new paint job can change the mood of your home when it comes time to sell.
Publicover estimates that a fresh paint job can be a DIY project spanning three to five days, although a professional company can likely cut that time in half.
“Costs can range from a few hundred dollars for a DIY project to a few thousand for hiring a professional company depending on the size of your home,” Publicover said.
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Upgrade bathroom accessories
“Shiny new bathroom accessories are always more appealing to future home buyers, even if you aren’t spending a fortune on them,” said Sean Chapman, professional carpenter and founder of Tools’n’Goods. “A small appliance renovation can be a good DIY project for your next weekend and will set you back around $ 150 to $ 200 for the sink faucet and $ 200 to $ 350 for a medium high shower kit.” quality. The fresh look of new appliances will last over a year and has an average 80% ROI, as homebuyers are less likely to bargain if they like the fresh look of the bathroom.
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Insulate the attic
“This upgrade costs $ 1 to $ 7 per square foot and has an average return on investment of over 110% due to its positive effect on the home’s energy efficiency rate,” Chapman said. “It will also significantly reduce heating costs, so homebuyers will be very happy to see this feature as it’s not something they likely want to do once they move in. The average cost of attic insulation can range from $ 500 to $ 1,500 and takes a weekend to accomplish.
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“Lighting sells – any real estate agent will approve of it,” Chapman said. “Take a tour of your house with all the lights on and think about how you can make them work better for the interior and the practical benefits. You may notice that some rooms need more powerful bulbs, while others will look better with several new light sources. You should consider installing LED systems only so that you can start saving money right after installation.
Replacing all the bulbs in the house will cost you an average of $ 500, Chapman estimates, while adding new light sources can turn into thousands – “but will be worth it in terms of the end price of the house.”
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Install a new garage door
“The garage door is one of those investments that can instantly have a big impact on the look of your home,” said Rasha Ingratta, mortgage agent To Shop Mortgages. “Having a shiny new garage door can really increase the curb appeal of the house. With an average garage door costing around $ 3,500 to $ 10,000, you can expect to recoup 93.8% of that cost. Replacing the garage door is fairly straightforward and will take less than a day.
Add crown molding
“Adding crown moldings to your home is a surprisingly easy upgrade to your home,” said Andra DelMonico, chief interior designer for tendency. “You can buy rough lumber or prepainted moldings at your local hardwood store, then use a nail gun to attach them to the walls of your home. “
DelMonico is gone because crown moldings are associated with upscale and stylish homes, so adding it to your home can increase your home’s value.
“You can buy simple moldings on a small budget or ornate on a larger budget,” DelMonico said. “Average costs vary from $ 7 to $ 16 per linear foot. ”
Patch Holes and Cracks
“One of the best things you can do to maintain the value of your home is to regularly find and repair any cracks, holes, gaps, or other places where water, wind, or pests might enter. “Said Leonard Ang, CEO of iPropertyManagement. “Whether it’s caulking around your windows, fixing stucco, tarring the corners of your roof, or sealing your foundation, these are the types of repairs that will keep your home from further damage, and they’re also quite inexpensive – usually between $ 10 and $ 50 for materials and only an hour or two of work that any able-bodied owner could do on their own.
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Finishing hardwood floors
“If you take the necessary steps to rehabilitate the hardwood floors in your home, it will go a long way in giving your home a freshly remodeled look,” said Rodrigo Gonzalez, real estate investor with We’re buying houses in Texas now. “It’s also a great investment because these floorboards will last for many years if properly reconditioned. Depending on the size of your home this can take you from a few weeks to a few months, typical prices range from $ 1,074 to $ 2,485.
Remove dead trees / tree stumps
“If you have a dead tree in your yard that poses a risk to your home, removing it can help increase the value of your home,” said Codey Stout, Operations Manager at Tree sorting. “The average cost of removing a tree ranges from $ 155 to $ 2,020 depending on the size of the tree, and tree stump removal can cost between $ 175 and $ 500 per stump.”
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