What's the average return on investment on do it yourself projects such as kitchens & baths in 2days market?

Asked by Victoria, Vineland, NJ Tue Jan 27, 2009

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Edith Karoli…, Agent, Winnetka, IL
Wed Jan 28, 2009
Dear Victoria,
I have specialized throughout the years in recommending to my seller clients what to do and what not do do when preparing their home for sale.... It is truly a very difficult decision to make and it is harder for the owner/seller him or herself, because they are used to their home..... So you truly need a fresh look from either an experienced stager or a Real Estate Agent who has done that before for other homes.... The reason being is that the Realtor has seen many many homes, and they have seen many homes with many different potential buyers and know what buyers are looking for and what they do not care as much or know they can change themselves.....
If you do not have a trusted area Realtor let me know and I can recommend to you a trusted Realtor Colleague of mine to assist you.

Now just as a general information to you..... If you were to make those changes to enjoy yourselves for several years I would just say go ahead do what you feel is necessary enjoy it and when you put the home on the market it will sell easier!

How much money you should spend on updating and especially where you should spend it really does depend on the market conditions in your area, i.e. you never get back all the money you put in right before selling in a big way - a good percentage probably, the most important advantage will be that your property looks better to the buyers and they will rather make an offer on yours than on another property, you may in other words sell your property faster.....

In order to put your money where it will have the most impact, please consult with an area Realtor who can truly give you the best advice....
Usually I recommend first unclutter, move furniture around or even remove furniture to make the place look larger, paint (and hopefully in some soft exciting designer colors get input from your Realtor), clean carpeting or remove if hardwood underneath and may be remove old curtains and replace with simple bright and modern looking blinds.....

Now of course I do not know what the kitchen and the baths really look like, but remodeling a kitchen and a bath completely is expensive! So you may look for simple upgrades like resurfacing tubs and sinks, or
regrouting tiles, may be installing a tub glass door etc. for the kitchen may be just replace the cabinet fronts and new counter top (Appliances depends how old and how bad they are, but putting new appliances is probably a good idea if yours are really bad and old) But I do not know what it all looks like so connect with a
inventive good Realtor who can help you put your home into showing condition without spending tooo much of your money right before selling your property....
If you want me to recommend a trusted Realtor Colleague of mine in your area, let me know.
One more good advice.... Do it yourself - unless you are experienced and know what you are doing is probably not a good idea, also careful if you hire someone and you start doing something too new too perfect this one spot in your house will look marvelous and will make the rest not look so good..... You know how many home owners say, I started with this little area and then this did not look so good and they ended up doing more and more. You want whatever you fix, change or clean up fit with the rest of your home....
So you truly need advice and some professional's input....
Hope this helps...
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Dallas Texas, Agent, Dallas, TN
Tue Jan 27, 2009
GREAT just as long as your DIY (do it yourself) project as a professional appearance. I have seen DIY best for seller left it alone than making attempts which turned off potential buyers.

Kitchens, baths are great areas update with paint, tile, granite, flooring (tile or wood), back splash, lighting, hardware, area rugs, towels, decorative items. This work can be mainly completed by a home owner. HOWEVER confirm these area tie into remaining parts of home other areas can take on extreme dated appearance. Materials are cheap if you were hire labor is expense part of any project.
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