Impress Buyers with Focused Remodeling
Smart updates will make your home more memorable to buyers, increasing the chances of a successful sale.
E-mail This Page to Your Friendsx
A link to %this page% was e-mailed
Article Courtesy of RE/MAX, Copyright 2009 Realty Times®
These days, tax credits and a high housing inventory make it a buyers' market. But if you're a seller, don't despair. There are a variety of renovations that can help make your home stand out. Many buyers look at numerous homes when shopping for a house; so enhancing your home to make it more memorable is vital and increases the chances of a successful sale.
Clearing clutter, taking down personal photos, applying a fresh coat of paint, making minor repairs, and keeping a pleasant aroma are all basic techniques to make your home more appealing. But there are a few other creative enhancements you can do to impress buyers without emptying your wallet. The results not only attract more attention, but also paint a picture of a well-cared-for home.
While not everyone has the same taste in housing, buyers typically are attracted to larger kitchens, extra storage space, light and bright rooms and open floor plans. Special finishing touches on a home can be the needed incentive to generate an offer.
Americans are expected to spend $217 billion on remodeling in 2009. Here are five areas where homeowners may spend some of their remodeling money to add the "wow" factor to their home.
- Go green. Energy-efficient products and household goods are attractive to buyers. Renovations or replacements that help make the house more energy efficient are popular. Things such as better insulation, replacing old windows, caulking, and adding skylights can increase value.
- Crown molding and wider baseboards. Some homeowners are shy about experimenting with this, especially if they live in a small home, but it can be very attractive in any size home. The measly baseboard that builders often use in tract homes doesn't draw attention. Adding a wider baseboard and a fresh coat of paint makes the room come to life. Also, framing windows and doors helps complete the look of a room.
- Textured paint. Faux finishes, accented walls, or even just a little fresh paint on them makes a lasting impression. Choose colors and textures wisely. Don't get carried away with a color you love (e.g. purple walls). You want your home to appeal to the masses. You can always paint your new home purple - and then change it when it comes time to sell it!
- Improved flooring. Wood, tile and new carpet can be a showstopper. But if the flooring is chipped, torn, or dirty, you'll get the opposite reaction from buyers. They'll think your home hasn't been cared for properly which could result in a lower offer - or no sale at all.
- Add a deck. It's a nice feature in a yard and many buyers are happy to purchase a home that already has a deck so that they don't have to take on that project.
The Stagers' host shares her top 5 dos and top 5 don'ts for staging a home.
Designer Monica Pedersen gives advice on what to do when selling your home. Real estate expert Elizabeth Sincox weighs in on...(10 photos)
After a year on the market, Matt's renovated 1895 home still hasn't sold.(video 03:58)