Lavender is a smell that sells! A light scent accompanied by some soft listening music sets the stage for a wonderful experience from the buyer. It is proven that a buyer will remember 50% more of the details of your home over the competition with this well kept secret :)
Paint with warmth - Instead of using white, which can seem cold, use pale colors like soft taupe or off-white. Painting is actually the most profitable improvement you can make.
Clean up your kitchen - Clearing the countertops will make a kitchen more appealing. Adding a few new appliances will modernize it. Remove child-proofing clasps on the cabinets. Spending $300 on cleaning and de-cluttering your home, according to a HomeGain survey, and you could add $2,000 or more to the sale price.
Light it up - Light makes rooms appear bigger and more welcoming. Open the curtains and blinds. Turn on lights, even in daylight. Shine up those mirrors. Wash those windows, inside and out.
Clean the floors - Buyers, like everyone, prefer to see clean floors, whether it's hardwood, linoleum or carpet. You can cover stains in the carpet with a nice new rug. Ikea is a good place to find rugs for under $500.
Landscape your outside ENTRANCE - Add a few new flower pots, small shrubs or hanging plants to spruce up the outside. Spending just $400 to $500 on fresh landscaping, according to the survey, can boost your home's value by $1,600 to $1,800.
Refresh your bathroom(s) - Quick fixes like replacing old tiles, fixtures and shower curtain will make the bathroom appear more updated. Bleach and scrub in between tiles. Add a vase of flowers to cover bad odors or just add a warm touch.
You MUST get rid of clutter and clean -- these two things are absolutely necessary. Then you have to live that way until the home sells -- it's a pain to keep the counter tops totally clean, but it's a must.
Survey information from http://www.HomeGain.com
I have found that an updated kitchen and bath are the two items that spark buyer's interest the most. You can do a great job updating your kitchen and bath for far, far less than 200k.
Custom stone work should be done if you want to enjoy it for yourself. I do not advise you to spend 200k on upgrades with the expectations of recovering that amount when you sale the home.
Best of success to you!
Kawain Payne, Realtor
Best reconsider this size of investment.....
This is a common misunderstanding the many home owners have regarding money spent on home improvements. Generally, you never recover the full value on these upgrades/repairs and should consider yourself fortunate to realize 50-60%.
Owners should carefully weigh the pros and cons of making such adjustments knowing full well that they will be selling the property in the near future.
Another way of viewing these improvements in addition to money recovered is to realize that eventhough you don't recover full value, these changes could make your home sell easier and faster. Over a 5 to 10 year period, the value of these repairs should also be considered in terms of your quality of life as well.
Hope this is helpful.
For curb appeal, invest some money in hiring a professional landscaper and keep the hardscaping to a minimum. A reasonable amount of money can be used to make a stunning looking home with just a few trees, some plants and a well manicured lawn. Keeping costs down on this and doing a great job might actually make this an area where you can see a positive return on your investment. Unless your home is an eye-sore and a fresh coat of paint won't bring it up to snuff with the rest of the neighborhood, I wouldn't worry about stone work or anything else along those lines if you are only going to be in the home for ~7 years.
When considering your personal enjoyment, cost and time in the home are big considerations. Like previously stated, a pool is a huge investment that buyers might not appreciate and you will certainly not get $40,000 worth of enjoyment out of it in less than 10 years. I've seen some homes with a nice outdoor fountain situated where it could be seen and heard through a window inside and enjoyed outside as well. Something like this is a moderate investment, minimizes any nearby unwanted road noise, and can provide a WOW factor for people seeing your home.
A: Personal opinion, exterior amenities are so predicated on personal taste and there is such a wide variety of options, itâ€™s almost impossible to answer this. Some people never go into their back yards and wouldnâ€™t have a clue what to do with an outdoor kitchen â€¦ therefore, if you install a complete exterior kitchen, youâ€™ve just eliminated a whole group of buyers. Same with a pool. In many cases, you can spend $60,000 on a pool and not get a single penny back in return when you sell. People donâ€™t typically see rear yard investments as substantially increasing home values unless you go over the top and create a rear yard resort â€¦ but even then, you will never recoup the full amount you put into it. As suggested below, itâ€™s better to focus on interior improvements that people will expect to see.
Q: What about upgrades to the exterior of the house for better curb appeal (i.e. custom stone work)? If we were to do this, we would be looking at a fair value 5 ~ 10 years from now.
A: You wonâ€™t get your money back, but you might get a quicker sale. And again, it depends on exactly WHAT you do â€¦ some custom stone work is extremely dated, and could actually detract from your value. Remember when lava rock was all the rage? When people see it now, they deduct the costs of removing it from the price of the home.
It sounds like you want to improve your existing home, but donâ€™t plan on staying more than 5-10 years. Iâ€™d hold off on spending significant money on anything out of the ordinary until I was in the home I planned to be in for a long time â€“ then Iâ€™d spend what I needed to make the home a place Iâ€™d love to live in for a long time. And that might include a full exterior kitchen â€¦
Do not spend a whole lot. $ 200,000 spending on upgrades will not give you much retrun. You will be able to sale it sooner than those homes without the upgrades for sure.
DRE # 01896912
Check out this for more information http://www.remodeling.hw.net/2011/costvsvalue/division/pacif
Sorry I know its LA not the OC but we get lumped in with them...
OC Homes Realty