January 12,011TOP (10) HOME UPDATES: AFFORDABLE FIXES AND A FASTER SALE!
The secret to successful remodeling is to keep up with the Joneses â€” but never to surpass them. Whether you want to make more money than you spend, or just recoup your remodeling expenses if you sell your home, know whatâ€™s standard in the neighborhood.
Does everyone have laminate kitchen countertops? Splurge on granite and youâ€™ll be the envy of your friends, but you wonâ€™t get your money back at resale. Is your home in a high-end neighborhood? Laminate countertops will save you money, but if you have to sell, high-end buyers will discount their offer because your kitchen isnâ€™t what they expect or simply not buy your home at all.
In markets where home prices are still declining, remodeling decisions are particularly tough to make, especially if youâ€™re remodeling to get your home sold. If you donâ€™t update, your home may not attract buyers.
However, if you do update, you may not be able to recoup what you spend. Seek advice from an experienced real estate agent before making any decisions.
Before you pick up a hammer, visit real estate open houses. Then, compare your home to homes on the market to make sure your remodeling project is on par with the competition.
The homes that sell in a buyerâ€™s market have four things in common: location, the right price, a perfectly maintained exterior and updated kitchens and baths. To get the biggest bang for your remodeling buck, try one of these 10 projects, which have the highest payoffs, according to Remodeling magazineâ€™s 2009 Cost vs. Value Report (CVR):
1.Â Â Spruce up or replace your siding, paint or tuckpoint
2.Â Â Add a deck - outdoor living space is hot on Buyer's list when buying a home!
3.Â Â Tweak your kitchen - organize
4.Â Â Repair or replace windows - energy saver!
5.Â Â Overhaul your kitchen - many kitchens don't needÂ complete remodel, just the right updates!
6.Â Â Remodel the bathroom
7.Â Â Find cash in the attic
8.Â Â Â Earn bucks from the basement - have a garage sale!
9.Â Â Add space to add value - keeping your current space clearly identify each area!
10.Â Add low-cost landscaping
Market expert Christine Moscinski serves Chicago and Western Suburbs so call today for free in-home evaluation on affordable ways to spruce up YOUR homeÂ for a minimum investment and get $10,000Â back on your return!
This valuable information provided by Christine Moscinski, Broker Associate at GOBBER Real Living Realty callÂ for your next purchase or sale (708) 369-8094!