Archive for Seller Mistakes

Remodeling and Payback Part II Bathrooms

Bathrooms

A major redo can be expensive. Depending on bathroom size and add-ons you could be looking at $40,000. The higher-end options such as granite, frameless glass shower doors, and basin vessel sinks can truly add cost. However, bathroom redos usually recoup upwards of 80% of there costs. Not that I would suggest putting a $40,000 bathroom in a $150,000 home.

Some quick, easy, and less expense fixes are:

  • painting cabinet doors and updating hardware,
  • adding stylish new faucets,
  • re-glazing worn tub and tiles, and
  • replacing older fluorescent light fixtures.

As for complete bathroom additions think about what is available in your neighbor. If you go to sell are you competing against two or three bathroom home and you have one or one and half. Then it may be time for an addition. Besides you will enjoy the privacy while you live there.

again thanks to USAA Magazine.

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Remodeling and Payback

You want to update the master bath or add a master bath, add a screen porch, put granite in the kitchen, or build that deck; but, wait are you adding value? If you are going to stay for less than five years be budget conscious about what you are doing if staying, in your home, greater than five years, think about what will make you happy.Typically kitchens are the most expensive room to remodel. However, they also offer the most return on the remodel dollar, upwards to 85% according to Remodeling magazine Cost vs Value Report 2006.

 If resale is your top priority go for broad appeal:

·        When replacing or adding cabinets use lighter woods and nothing to contemporary,

·        Stick with features and finishes common to your neighborhood and the kind of house it is (i.e. don’t put granite countertops in a starter home),

·        Ask local salespeople what sells best,

·        Change out cracked and/or stained countertops,

·        Select up-to-date appliances.

Keep in mind that the kitchen is the primary room in a home and buyers always want to be impressed by the kitchen. If a kitchen is shabby it may inhibited a buyer from purchasing; upgrades will impress.Stay tunes from my ideas on other rooms!

Thanks to USAA Magazine.

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The 5 Big mistakes over anxious home sellers make

The 5 Big mistakes over anxious home sellers make

1. Don’t make small reductions again and again. Instead slash the price once. Figure out what your house is worth and price it 10% below the market.

2. Don’t hire the wrong agent. Interview agents, remember for them it should be a job interview and the seller should walk away understanding the selling plan.

3. Don’t wait it out. If you do, you’ll just join the thousands of other homeowners who also have waited too long.

4. Don’t show your house before you get rid of your stuff. Buyers can’t see past clutter.

5. Don’t refuse the first offer. The first bid is usually the highest.

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