Started By
Message
locked post

Things that will add value to your home when selling

Posted on 10/26/13 at 10:46 am
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22321 posts
Posted on 10/26/13 at 10:46 am
I'm putting my home on the market. Haven't touched it in 10 years and now paying my dues - playing catch-up. Also trying to maximize ROI on improvements to increase eventual sale price.

Here's my short list. (I welcome your opinions.)

New paint throughout - even the garage. Retouching trim and baseboards.
Upgrading appliances: stove from elec to gas + stainless, stainless dishwasher, stainless microwave. I already have granite counter tops.

My smallish backyard is deplorable - big oak tree/low sun/grass won't grow. Seriously thinking about a new deck. That would be perfect but not sure about the ROI in this addition.

Roof is 15 yrs old; no leaks; shows some "lichen". Would rather make a roof allowance than replace.

Carpet isn't the greatest (old Berber) but cleanable. Will consider carpet allowance.

Thanks in advance for your suggestions...

This post was edited on 10/26/13 at 10:49 am
Posted by DontTazeMeBro
Gatlinburg, TN
Member since Oct 2011
152 posts
Posted on 10/26/13 at 10:49 am to
Kitchen and Bathrooms.
Posted by ItNeverRains
37069
Member since Oct 2007
25494 posts
Posted on 10/26/13 at 11:38 am to
All good ideas, & you will see a return on cleaning up the yard, front and back, and this can be done pretty cheap.

As far as carpet/roof, let the buyer tell you it needs replacing. The worst thing you or an agent can do is offer that your house is lacking somewhere IMO. If buyer thinks its shitty, I guarantee they will let you know.

Posted by barry
Location, Location, Location
Member since Aug 2006
50349 posts
Posted on 10/26/13 at 1:50 pm to
Staging and clearing all the clutter from your house is the best bet. You won't get your money back on anything unless you do it yourself. A deck would be a good idea if you can do it yourself.
Posted by Chad504boy
4 posts
Member since Feb 2005
166339 posts
Posted on 10/26/13 at 1:56 pm to
Adding values and adding appeal are often confused.

Deck= no value
Posted by barry
Location, Location, Location
Member since Aug 2006
50349 posts
Posted on 10/26/13 at 3:00 pm to
Explain appeal and how you can add it without value
Posted by Chad504boy
4 posts
Member since Feb 2005
166339 posts
Posted on 10/26/13 at 3:02 pm to
More interest and such but an appraiser doesn't add value to home for it. Price per sq ft nearly end of story
Posted by barry
Location, Location, Location
Member since Aug 2006
50349 posts
Posted on 10/26/13 at 3:47 pm to
It doesn't matter what an appraiser thinks. The value of the house is how much someone will pay. Adding a deck adds some value to a house. Because on average people will pay more, how much more is the question.
Posted by Chad504boy
4 posts
Member since Feb 2005
166339 posts
Posted on 10/26/13 at 4:02 pm to
Today's lending market It absolutely matters man
This post was edited on 10/26/13 at 4:03 pm
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22321 posts
Posted on 10/26/13 at 4:22 pm to
quote:

Adding values and adding appeal are often confused.

Point well taken...
Posted by ProudLSUMom
Baton Rouge
Member since Sep 2007
3302 posts
Posted on 10/26/13 at 6:28 pm to
Lichen on the roof? We had a fungus on our roof and had it cleaned and it looks like new.
Posted by Cracking
Northshore
Member since Aug 2006
3431 posts
Posted on 10/26/13 at 6:30 pm to
As has been mentioned, curb appeal is #1 along with a clean, neat and fresh smelling interior with no eye sores.

The suggestion of cleaning up the yard is paramount. Go hire some high schoolers or cheap labor looking to make some extra money for a weekend to cut, edge, hedge, weed the beds, "leg up" the low oak tree, pressure wash all the surfaces and clean up the mess, then plant landscape that adds color. And if needed add sod or winter grass that will grow better in the shade (consult someone who knows what works best during the season you are selling).

Once the yard is cleaned up, paint the exterior with a popular generic color like white/off-white without ugly tones like pink, no bright colors, and repaint the trim. Painting adds a ton of value if you do it yourself and pick the right colors for the house and it's trim, but its time-consuming and tedious labor. Also, ask a friend who has an account with a paint store to buy the paint with his/her discount (contractor, designer or even a painter). Consult an interior designer for colors if you don't have an eye for that kind of thing.

Finally, clean and stage the house. Stage it by removing a bunch of your personal clutter and pictures, move the furniture to create more space and add nice looking art at eye level. This is something that is a pain in the arse, but if you remove a bunch of clutter and crap from your house (we all have it) and add a few decorator touches it will help.

Don't offer anything if you haven't been told you need it. If the house seems to sit on the market, have an open house and ask agents for suggestions of why it's sitting. Price will likely be mentioned, but listen for more detailed/constructive suggestions. If you need the allowances based on their suggestions, then offer it.

Good luck

Posted by Bama54
Neverland
Member since Nov 2011
5021 posts
Posted on 10/27/13 at 12:14 am to
quote:

Staging and clearing all the clutter from your house is the best bet.

This is seriously good advice.
Posted by FriscoKid
Red Stick
Member since Jan 2005
5122 posts
Posted on 10/27/13 at 8:41 am to
if you have a nice back yard area add a little outdoor kitchen. just a grill and fridge nothing to crazy.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 10/27/13 at 8:45 am to
This may not apply to your location but I have noticed in my area that home buyers want move in condition. Go look at some new homes in your area and see how they are decorated (colors and textures). Scratch the carpet allowance and get it done.

Young buyers especially want the amenities of new homes, without the price of new homes.They want attractive and up to date light fixtures and hardware. Desire granite even in bath vanities.

As far as the basic home repair, appraisers and home inspectors are being very picky. Will nitpick the house.

For the back yard, I would not spend the money on deck. I would get a load or 2 of attractive mulch and some inexpensive plants and make it attractive.

Posted by LSUFootballLover
BR
Member since Oct 2008
3591 posts
Posted on 10/27/13 at 9:36 am to
Outdoor kitchen
Posted by Zach
Gizmonic Institute
Member since May 2005
112517 posts
Posted on 10/27/13 at 9:44 am to
quote:

New paint throughout


I thought the same thing when I sold my house. I put it up for sale by owner and started doing some fix up work. When the eventual buyer came along I had just painted one wall in one room.

The buyer said "Stop painting. It's not the color scheme we want. We'll paint after the purchase before we move in."
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 10/27/13 at 10:33 am to
There is very little you can do to increase the value of your home that is cost effective. Why would a home buyer pay you more for improvements to the home than they could pay to have the improvements done themselves, and to their exact specifications? The only reason I can imagine for purchasers to do so is to get the costs of improvements into the purchase cost for purposes of financing.

Improvements should have been made to enhance your living experience in the home. Anything you do now is basically speculation. You would be risking money that you will increase the appeal of the home to prospective buyers enough to recoup the costs of the improvements. If you need to make structural repairs to gat the property sellable, then improvements might be better justified. But your best bet is to only make cosmetic changes.
Posted by CajunAlum Tiger Fan
The Great State of Louisiana
Member since Jan 2008
7878 posts
Posted on 10/27/13 at 2:44 pm to
quote:

Poodlebrain


Solid Post.
Posted by Bengalroar
Member since Aug 2013
887 posts
Posted on 10/27/13 at 7:23 pm to
quote:

The value of the house is how much someone will pay
This is true only if not getting a mortgage. You won't get mortgage for more than fair value, which is what appraiser is for.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram