4 essential Dos of a Home Seller
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While you try to decide on the asking price, irrespective of the fact
whether you want to scoop in an extended amount or just want to make up
for the remodeling expenses, do not forget to gather the information about
the standard trend in the locality. This is even more necessary if the
locality is a high end one. Because then for a favorable sale of your
house you may have to invest in some remodeling or else your house is
likely to be lying there in the market months at a stretch. You may even
find buyers passing by your house for the other one down the block where
things have already been altered for the better.
But then before you start off with the entire thing do take a trip or
two to some real estate open houses or new home communities. Ask some
builders to show you a model of a built home without the enhancing features
that will give you a clear view of what all you need to do. According
to Nancy Jones, a Hunt ERA Real Estate Realtor, Williamsville, New York,
location is the most important element for any real estate. Often houses
get sold significantly for their location.
As you start off with the remodeling process keep the three issues of
classic, clean and neutral in mind.
Remodel to the Midrange bathroom: Remodeling a bathroom
will help you fetch back all the money that you invest when selling. Precisely
focus on the master bath.
? Best return: 168.7 percent in San Francisco
? Percentage of cost recovered: 102.2 percent
? Worst return: 61.7 percent in Cleveland
? Average resale value: $10,727
? Average cost: $10,499
Specifications for a 5x7 bathroom:
� Choose on slate-colored tiles as these give a rich look and go well
with nickel fixtures.
� Place a couple of pedestal sinks with glass or wooden shelves that
will give the bathroom a spacious look.
� Replace the old toilet and plastic seat and get a nice and new reasonably
priced toilet.
� Reinstate a tile shower with glass doors in place for the prior 5x3
tub creating some space.
� A nice sink and honey-colored vanity would add to the aura.
Making minor changes in the kitchen: If the kitchen
in your house is already in good shape and is functioning well then a
few minor changes can pay you well in the end.
? Best return: 152.7 percent in San Francisco
? Percentage of cost recovered: 98.5 percent
? Worst return: 58.1 percent in Detroit
? Average resale value: $14,691
? Cost of midrange minor kitchen remodel: $14,913
Kitchen Remodeling Specifications:
� If the existing steel appliances have lost the shine, put in some new
stainless steel appliances.
� Reinstate some flexible flooring along with some shield countertops.
� Get some new doors and drawers for the cabinets.
� Add the finishing touch with some neutral paint.
Introducing some Siding Replacements: There is an often
occurrence that the exterior goes uncared for. If you remodel the entire
house and also get a gourmet kitchen still it won�t show on the entire
value, if the exterior doesn�t look equally well. Buying a new siding
is like getting new clothes for your house. So, if that clicks then the
entire look and ambience will click too.
? Best return: 166.6 percent in Birmingham, Ala.
? Percentage of cost recovered: 103.6 percent
? Worst return: 42.6 percent in Philadelphia
? Worst return: 44.3 percent in Philadelphia
? Percentage of cost recovered: 95.5 percent
? Best return: 140 percent in Orlando, Fla.
? Vinyl siding job cost: $7,239
? Vinyl average resale value: $6,914
? Fiber-cement siding job cost: $10,393
? Fiber-cement average resale value: $10,771
Siding Replacement Specifications:
� Often the fiber-cement siding tend to look a lot like wood siding,
stucco or cedar shingles.
� It would be helpful as it defends against fire (some of the leading
brands may offer as much as 50-year guarantees).
� But then these are a little trickier to install than the vinyl sidings
and thaw issues are likely if not properly installed.
Prepare an Attic Bedroom: If you have an incomplete attic in your house,
you can very well turn it into a third or fourth bedroom with a 5x7 bath.
This can be a great trick to add to the charm of your house. And this
is likely to pay off better than a new space as well.
? Best return: San Francisco 151.6 percent
? Percentage of cost recovered: 93.5 percent
? Average resale value: $36,649
? Cost of attic bedroom: $39,188
? Worst return: Allentown, Pa. 58.8 percent
