Saturday, April 16, 2011

Selling your Home: Little things with big returns

Do you want to increase your home's resale value.  According to HomeGain's annual home improvement and staging survey, there are several inexpensive projects that can add positive value to your home.  In a survey of 600 real estate professionals, six projects stood out as winners.

1.  Cleaning and Declutteriing:  By simply removing personal items, clearing off countertops, organizing closets and shelves and thinning out some of your favorite knick-knacks, you can make your home look cleaner and more buyer friendly.  Possible Cost: $190/ Possible Return $1,990

2.  Brightening:  Clean the inside and outside of windows, update older light fixtures, replace old curtains and remove anything that might block light from your windows.  The lighter the better.  Possible Cost:  $375/ Possible Return: 1,550.

3.  Smart Staging:  Rearrange furniture, incorporate artwork, play soothing music, touch up with some fresh paint, add some new accessories.  Possible Cost: $550/ Possible Return: $2,194

4.  Enhance Landscaping:  Keep the lawn cut, add fresh mulch, plant flowers and newer bushes, and trim plants and shrubs where needed.   Possible Cost: $540/ Possible Return: $1,932

5.  Repairing Electrical or Plumbing:  Fix any leaks under sinks, and look for and clean up any mildew stains.  Update any necessary electrical wiring, light fixtures or outlets that do not work properly.  Replace old plugs with new safety features if possible.  Possible Cost: $535/ Possible Return: $1,505

6.  Replacing or Cleaning Dirty Carpets:  Steam clean carpets, or replace any worn carpet.  Look for floor creaks and repair as well.  Possible Cost: $647/ Possible Return: $1,739


Excerpted from Realtor..org and HomeGain's 2011 Home Sale Maximizer Survey

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