Thus, by opting to go with such colors, you will likely attract a huge number of potential property buyers. Give the attention and number of visits they attract, bathrooms and kitchen are the top candidates for a full paint job. You can do the painting yourself or hire a pro to do it for a few hundred dollars. However, if you cannot afford fresh paint or your walls are still in mint condition and only have fingerprints, marks, dings, and the like, washing them can still go a long way in giving them a desirable look.
Does your living and dining room have those dull recessed lights? If yes, this is the time to unscrew them and fix a brilliant replacement in their place. Chandeliers would be a great option to consider. If your other rooms have aged light bulbs, consider swapping them out with new ones that have proper voltage for the kind of fixtures in the room. You may also consider adding energy efficient bulbs and fixtures. This is one of the best ways to make a home more energy efficient which is desired by many buyers nowadays!
You may also consider adding more lamps and fixtures such as under cabinet lighting, desk lamps, bedside lamps, accent lighting, and tread lighting. Considering that showings often happen at different times of the day, also put into consideration natural lighting.
Examine your curtains and blinds to ensure they are not impeding what natural light you could have in the room. Being a key part of curb appeal, exterior lighting also matters. Make it well lit by adding things such as path lighting to create a welcoming impression. Lastly, note that dark furnishings, flooring, and wall and ceiling colors are known to interfere with room lighting.
To be on the safe side, enlist the help of an interior designer. Let them audit these aspects to ensure they are optimized for their function. If you update every other room to be clean and appealing, then spruce up your kitchen with low-cost cosmetic upgrades, more potential buyers will be encouraged to buy your house and the selling price will be higher. However, with just a few dollars, you can carry out the following upgrades and still get the best resale value.
Other inexpensive updates you might want to consider include sprucing up the backsplash by adding tiles that complement the theme of your kitchen and swapping outdated cabinet pulls and drawers with new ones. Bearing in mind that your home could be purely vacant, flooring is among the things that count as far as first impressions goes. Once a buyer steps inside the home, they will probably see the floor first.
Many floor types naturally take a beating over time and if yours looks worn, that might turn off a potential buyer. Is there a way to avoid that? Yes, absolutely! Flooring stores and home centers do sell water-based products for renewing different floor types and they cost just a couple of hundred dollars.
An old or stained carpet is a definite turn-off, especially to prospective homeowners who plan to settle with their pets. One thing that makes these five low-cost home improvements unique is that all have the potential to immediately change the buyers perception of your home and raise its value.
That aside, none of them will empty your pockets as complete renovations would. Do you need additional advice or information on other rewarding low-cost ideas that you can make before selling your home? Please speak to a real estate professional. She is an entrepreneur at heart who endeavors to help investors create real estate wealth over time in the Greater Toronto Area.
Sabine is published in a number of media outlets, including Toronto Sun and Gulf News, among many others. Have questions about buying or selling a home? Ask Now! Here's the latest from the blog! Brighton Irondequoit Pittsford Penfield Webster.
To decide what's best in your situation, start by looking at the numbers. An upscale major kitchen remodel has a return on investment ROI of less than 60 percent, while a mid-range minor kitchen redo can return about 80 percent. Bathroom remodels return about 62 percent for upscale renovations and about 67 percent for mid-level remodels. Looking at the numbers alone, it rarely makes sense to spend a lot on kitchen or bathroom renovations just to sell your home.
However, because these are such high-profile areas that buyers pay a lot of attention to, there is a good deal of value in an inviting kitchen or bathroom—or at least a room that most buyers will feel they can live with. If a kitchen or bathroom is woefully outdated and unappealing, buyers may automatically add the cost of renovating it to the cost of the home. And if the home cost isn't low enough to compensate, the buyers may run. On the other hand, if the kitchen and bathrooms seem nice enough to leave as is at least for a while , buyers won't automatically add the cost of renovations to the sale price.
Therefore, it usually makes the most sense to remodel kitchens or bathrooms, as needed, so they are reasonably modern and inviting, if not spectacular. Countertops are highly visible. So if you opt for any kind of expensive rip-and-replace work within the kitchen or bathroom, the countertops are a good bet. Just keep in mind that countertops are a very personal choice.
Some people prefer laminate , some like a solid surface , and others dream of new quartz countertops. Kitchen and bathroom cabinets are highly visible because they are at eye level. But replacing kitchen cabinets can easily erode any profit you hope to realize from the home sale. If your kitchen cabinets are in terrible condition, especially with the cabinet boxes falling apart, you have little choice but to install new cabinets.
For cabinets that are in good structural shape, the better option that will return more value is to paint your cabinets or even reface them. New cabinet fixtures and hardware are surprisingly effective as kitchen and bathroom upgrades. Do not assume that replacing kitchen and bathroom hardware is going to be cheap, though. Replacing all of your hardware can easily run into hundreds of dollars. On the upside, new fixtures and hardware are an easy do-it-yourself project that you can take on, even if you are in a time crunch.
You can replace your kitchen and bathroom hardware in a few hours. When you hire a remodeling contractor or tradesperson, you spend money on two things: materials and labor. Taking on any home remodeling project by yourself means cutting out the labor piece of that cost. Thinking far ahead to a home sale a year or more in the future affords you the possibility of doing projects by yourself. But if you expect to put your house on the market in a matter of months, taking on new do-it-yourself home projects may snarl you up and take time away from other things.
Even worse, you run the risk of not being able to complete projects in time to put the home on the market. When remodeling for sale, the best remodels are those that look good. It is better to spend money on paint or flooring rather than a water heater that still functions. As long as the water heater is safe and functional, keep it. A new water heater will not impress buyers. If a home inspector says the water heater must be replaced, that is the time to discuss replacing it or offering the buyer a credit.
But appearance is not negotiable. New paint, especially well-chosen contemporary hues, will transform a house.
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