Recouping Remodeling Costs At Time of Resale
More and more people are asking what they can do to position their homes to be the most competitive value amongst other homes that are for sale. The trend right now is replacement versus remodeling. People are swapping out the old for new rather than doing a total gut job on parts of their homes like bath rooms, master bedrooms or the laundry room.
Mot remodeling or updating projects will get you an average of 70 cents on the dollar at the time of resale. What we can’t compute is how much more you get, or may get, as a result of the higher appeal of your home after having made the improvements.
Here is a list of some of the simplest, lowest-cost projects that will certainly put a smile on your home and on the faces of buyers. The best investments are a new or freshly painted front door and garage door. Replace windows that have lost the seal. Replace appliances and kitchen cabinet hardware and countertops. Power wash the siding and soffits. Replace dead shrubs and plants. Upgrade lighting fixtures and consider having your home professionally cleaned inside and out.
Obviously, you can’t do it all but pick out those items that you truly know your house needs and peck away. Don’t forget that you get to enjoy the improvements in the meantime and Enjoyment is priceless!
Life Is A Gift…Live It!
Gary Nathan
