Roy Giordano helping home sellers in the Manalapan/Marlboro/Freehold areas of NJ.
I found this article on Active Rain and wanted to share it. It was written by a Realtor in Florida but it pertains to home owners all around the country. I found the information to be useful anywhere you live. If you're thinking of selling your home, this is a must read.
Have you ever wondered what type of do-it-yourself (DIY) projects you can do around the house that may increase the value of your home? Well, HomeGain, a company that matches consumers to real estate agents, conducted a survey showing the top 12 DIY tasks and what the impact could be on your home value.
1.CLEAN AND DE-CLUTTER: Just doing a little spring cleaning can increase your home value by $1,500 to $2,000 with an investment of between $100 and $200. The return on investment is 872%
2.HOME STAGING: Making small adjustments and buying staging effects, like curtains or place settings for the dinner table, can increase the value by $1,500 to $2,000. With an investment of only $300 to $400, your return on investment will be 586%
3.LIGHTEN AND BRIGHTEN: Brightening your home can cost you only $200 to $300, but the return on investment is 572%, increasing the home value between $1,000 and $1,500.
4.LANDSCAPING: Landscaping is one the easiest ways to make your home more attractive. Make sure you pay as much attention to the back as you do the front of your home. This project can cost anywhere from $300 to $400, increasing home value by $1,500 to $2,000, with a return on investment of 473%
5.REPAIR PLUMBING: Fixing and/or replacing old pipes can cost you $300 to $400, but you will increase your home value by $1,500 to $2,000, and the return on investment is 327%
6.UPDATE ELECTRICAL: Updating your home's electrical can increase the value by $1,500 to $2,000. With a cost of only $300 to $400, your return on investment will be 309%
7.REPLACE OR SHAMPOO CARPETS: Carpets get stained easily, and sometimes you don't even realize they are dirty. This project is a little pricier at $400 or $500 and a return on investment of 295%. It can increase the value of your home's value by $1,500 to $2,000
8.PAINT INTERIOR WALLS: Painting your walls is one the most dramatic way to change the appearance of your home. With a cost of $500 to $750, you can increase your home value by $1,500 to $2,000. The return on investment is 250%
9.REPAIR DAMAGED FLOORS: The appearance of damaged floors can be a complete turn-off for a potential buyer. Investing $500 to $750, you can increase the value of your home by $1,500 to $2,000. The return on investment is 250%
10.UPDATE KITCHEN: Some think that updating a kitchen is a huge task, but small improvements can be made, like changing cabinet knobs or replacing an old appliance. The cost for this can run between $1,000 and $1,500 with a return on investment of 237%, as the home value will increase by $2,000 to $3,000
11.PAINT OUTSIDE OF HOME: While this task is time-consuming, it can really make s huge difference. With a home value increase of $1,500 to $2,000, spending $750 to $1,000 will give you a return on investment of 201%
12.UPDATE BATHOOM: Bathroom updates are not as difficult as you think. Simply buying new hardware (think toilet roll and towel holders, medicine cabinet, etc.) or installing a new sink, will cost you between $750 and $1,000. Your home value can increase between $1,000 and $1,500. The return on investment is 172%
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