Low Cost Repairs that Increase Resale Value

Which repairs will give you the most return on your investment and help your home sell for more? 

HomeGain, a real estate marketing company, surveyed close to 600 real estate professionals to find out which home improvement projects give sellers the biggest return on their money.  Here is a list of seven projects and approximate cost for the Treasure Valley area (amounts are estimated). 

1.      Cleaning and de-cluttering. Remove any personal items, un-clutter countertops, organize closets and shelves, and make the home sparkling clean.

  • $150 Cost
  • $1,000 to $1,400 Return

2.       Lighting: Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows.

  • $350 Cost
  • $1,000 to $1,400 Return

3.      Staging:  Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background.

  • $450 Cost
  • $1,000 to $1,900 Return

4.      Landscaping/Yard:  Spruce up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured.

  • $350 Cost
  • $1,500 to $1,900 return

5.      Repairing electrical or plumbing:  Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures.

  • $350 Cost
  • $1,000 to $1,500 Return

6.      Replacing or shampooing dirty carpets:  Steam-clean carpets, replace any worn carpets, and repair any floor creaks.

  • $625 Cost
  • $1,000 to $1,500 Return

7.      Paint/Touch up Interior:  Repair any damaged interior walls by patching all chips, holes and cracks; then touch up or repaint interior walls with neutral color.

  • $625 Cost
  • $1,500 to $2,000 Return

Excerpted from HomeGain’s 2011 Home Sale Maximizer

Portion of Article taken from National Association of REALTORS®, Realtor.org website

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