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Asked by Brandi, Milwaukie, OR Thu Nov 18, 2010

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5
Tammy Hayes, Agent, Port Charlotte, FL
Thu Nov 18, 2010
Whether you are planning to stay in that home or move, the 20 best ways to add value to your home according to HGTV are:
• Update or add a home office with an inviting workspace and built-ins
• Add square footage such as a lanai or sunroom
• Update a master suite with cozy open space with a really nice closet
• Add a new family room with an open floor plan for the entire family to gather
• Keep the roof in good working condition or replace it
• Update your landscaping
• Remodel the kitchen
• Add or remodel a bathroom
• When putting on an addition, make sure it blends with the rest of the house
• Install new windows and/or doors
• Remodel a basement
• Add a deck, patio or other outdoor living space
• Paint the interior in classic and neutral colors
• Remodel your attic or above the garage space
• Add a second story to your home
• Include a specialty room
• Replace the siding or repaint the exterior
1 vote
Emily Murphy, Agent, Pittsburgh, PA
Thu Nov 18, 2010
I agree with Rian 100%. Typically you just want to keep your home updated and functional, you will benefit more from updates you can do yourself rather than major renovations. If you do decide to change fixtures, flooring, or paint, think neutral colors.
Good Luck!
1 vote
Rian Muleback, , Portland, OR
Thu Nov 18, 2010
Brandi, the easiest and cheapest thing to do would be to paint the entire inside of the home a few weeks before you plan to put it on the market. This will allow your home to look fresh and clean the moment it hits the market. Next I would advise getting rid of anything that you don't need to have in your home while you are trying to sell it. This will help your home feel open and inviting and will also leave room for them to imagine their stuff in your home. I have also heard that it is best to take down personal pictures of you and your family as this helps the buyers visual it as their home. Unsure if it works but I can understand the thought process behind it. As far as major improvements such as a bath go, it really depends on your style of home and your area. Your home may be fine with just having 1.5 baths. I have found that the big price difference on resell comes into play when there is only 1 full bath and no other partial or full baths. Most buyers want more than one bath and will pass on a home immediately if it doesn't have more than 1. Perhaps you will want to pass on the bathroom idea and spend some money in the kitchen? Maybe new carpets would be better? Replace the roof? New Landscaping? The list could go on and on honestly, as you well know, but another thing to keep in mind is what if you do spend the money on making 2 full baths and then the buyes inspect your home and find something that needs to be fixed? It's a balancing act really and the best way to tackle this would be to have a Realtor walk through your home with you. If you would like, feel free to email me and I can do this for you. It will cost you nothing and I will not expect you to list your home with me right then and there. My goal is to help others achieve their goals, that is how I am successful in this business. Hope this helps and please let me know if you would like more info or for me to do a walk through of your home.
1 vote
Rebecca Mart…, Agent, Portland, OR
Thu Nov 15, 2012
Brandi what a great question. Sorry that things didn't work out with you and your partner. However, it sounds like you are ready to move on, and sell your home. When considering home improvements it is important to weigh out the pros, and cons. To help prioritize home improvements consider the floorplan, size, age, style, condition, and location of the property. Some home improvements are more expensive than others, however some others will yield a greater return on your investment. Here is a list of five (5) inexpensive fixes, and home improvements that add more value to your home, and make it more attractive to a buyer. I wish this question was easier to answer, but although it seems simple it is actually a little more complex, and depends greatly on your property's floorplan, age, condition, and location. While converting your 1/2 into a 1 full bath might seem like a good idea there are a few factors to consider before sinking all your money into an improvement that may or may not pay out. If the property's floorplan makes the addition of the full (1) bathroom more accessible to the other bedrooms in the home, or if the 1/2 bath is on a different level then adding a one (1) full bath greatly increases accessiblity. Are you increasing accessibility to other rooms?
Painting the exterior of your home is great way to spruce up your home, and gives it added curb-appeal.
1. Clean and Declutter Your Home. A clean home is very welcoming, and a decluttered home is very inviting. A deep cleaning of every corner of every room will make your home smell better, and look brighter. Clean the floor coverings including harwoods, tile, vinyl, rugs, and carpets. Declutter, and start pre-packing. Put away all of your personal belongings that you do not use on a regular basis including family pictures, family heirlooms, clothes, etc... Simplify start pre-packing, keep cleaning and get ready to move. Remember to maintain a clean, and immaculate home throughout the entire listing period.
2. Paint the Interior and/or Exterior Of Your Home. A fresh coat of paint makes a huge difference making a home feel fresh and clean. It is always best to hire a professional painter, but if you can't afford one make sure to use the right tools, paint, and the right finish. Always use neutral colors stay away from the darker colors. Using neutral colors gives the new buyer a clean pallette to work with.
3. Landscape Keep All Exterior Grounds Clean. Many times a buyer will drive by, and make a choice just by looking at the exterior of the home, and landscape. Hire a landscaping expert that can give you advice on the best design for your particular property. If you decide to go about it on your own make sure you do your homework. Certain shrubry, vegatation, trees and plants grow in certain climates, and can only withstand certain conditions. A home's curb appeal alone will welcome more buyers.
4. Update Kitchen and/or Bathrooms In Your Home. Next to the price, and location a home's kitchen and bath will make or break a deal. Money spent on upgrading or remodeling your kitchen or bath is money well spent. Dryrot is a deal killer, so replacing any dry rot is a must. A kitchen can be quickly updated by installing new appliances, cabinets, or countertops the possiblities are endless. Hire a professional remodeler if you want to bigger jobs. The smaller jobs, or do it yourself jobs are also great ways to improve your kitchen, and bathroom spaces. The internet along with magazines can be a great place for inspirational design, and home improvement ideas.
5. Add An Extra Bedroom and/or Bathroom. Adding a bedroom and/or bathroom that increases accessiblity can also increase your bottom line. Keeping accesiblity, and floorplan in mind converting a 1/2 bath to a full (1) bath that is located on a different floor can make a big difference certain buyers. Consquently, contacting a local contractor is a great first step. It is also important to do your homework. Building permits, or building codes could apply to your remodel so contacting a professional is highly recommended. However, certain requirements and/or regulations set by FHA/FHMC/FNMA may apply or vary.
It is important to price your home competively from the very beginning this will insure a higher rate of return. Pricing a home correctly from the beginning can make a world of difference. Another great resource quick fixes, and inexpensive home improvements is the article published in Realtor Magazine "25 Quick, Cheap and Easy Home Sale Tips" written by Barbara Ballinger. When tackling major home improvements and/or selling your home it is important to keep the three (3) major factors that determine a property's desirablity price, condition, and location. For more information on this topic contact me at 503-880-HOME or visit http://www.greendreamhomesinc.com.
0 votes
Cassandra Sk…, Agent, Milwaukie, OR
Wed Jul 25, 2012
Hello Brandi, I am a local listing agent in your area and the Owner of Portland Premier Realty. I honestly think that the best money spent when on a budget and trying to maximize value is to make the home avialble to all purchasers with all types of financing. You can do that by Keeping the home clean & Clutter free, Make sure all wood is painted and there is not any peeling paint present, Cut growth and shrubs back from house at lest 6", make sure the roof and major systems are in good working order. Most of those items cost absolutely nothing to you and will help get you top dollar for your home. As long as there are other 1.5 bath homes in the area, your home will conform and making your home a 2 bathroom will probably not net you much more $$. Hope that Helps!
0 votes
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