One of the hardest questions sellers have to ask is “what do I need to do to my house to get it ready to sell that won’t cost me more to do than I will receive back when I sell?” In other words, what is the return on my investment (ROI) in the upgrades?My first reaction is to look around the home and make sure it is clean, uncluttered and freshly painted. These things are non-negotiable these days. But after those have been addressed, which remodeling projects will give us the biggest bang for the buck, i.e. the highest ROI?
According to this article from REALTOR.org, three of the top four projects are exterior projects with upscale siding replacement being number 1 at an 88% ROI. So for every dollar you spend, you will increase the value of your home by .88 cents. The only interior project listed was a minor kitchen remodeling project which was 83% ROI.
Now most of us think that these kinds of projects should increase the value by more than we spent but in reality that rarely happens. If you have a working functioning kitchen, replacing it with a newer kitchen will increase the value, but ussually not as much as it cost. What it will do is get your house sold faster and for more money than if you had not done the project.
The best thing you can do to get your home sold fast for the most money is clean, clean, and clean some more. That doesn't cost a thing. When you clean, pack away the clutter and personal pictures and items and clean some more. Paint and some elbow grease will more than pay for themselves over any remodeling project.
If you would like help getting your house ready to sell, please click HERE to see my “Ready To Sell” plan. I have been doing this for years and would consider it a privilege to put my experience to work for you. Give me a call and let’s get started.
Michael Bradford
770-862-8002
Your Cherokee County GA Real Estate Specialist
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