Sunday, January 13, 2008

Remodeling for Resale

Does your bathroom look like this? If so, read on!
As you may know, when selling your home, you will get the most "bang for your buck" to update the kitchen and master bathroom. But there are a few other points to consider if you're thinking of selling your house soon. Followthese guidelinefor choosing improvements that will pay off:
1. Ensure that fundamentals are in good repair. You won't gain points for having basics buyers expect, such as a sound roof and dependable water heater, but you'll generally lose time and money on the sale if you don't.
2. Keep up with the Joneses. Add amenities that will bring your house in line with others that are selling in your neighborhood and set your asking price accordingly. Once homes get to be 7-10 years old, it's time to start updating. For example, gold or brass fixtures and hardware were all the rage in the mid to late 90s. Seeing those colors in a house today absolutely dates it. Spending some money to update those make a huge impact on the sale of your home.
3. Manage your expectations. The right remodeling job may add value to a home, but you're unlikely to recoup the entire cost in your asking price.
If you need any additional information, please don't hesitate to give me a jingle!

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