Home Repairs that Pay.
If you’re considering putting your home on the market, the following improvements will help you get the most bang for your buck and have you packing in no time.
According to Zillow, your kitchen can make or break your ability to sell your home quickly and for a good price. On the high-end, a full kitchen makeover will set you back around $30,000 but you’ll enjoy a 75% ROI. There are a few small upgrades, however, that will have a huge impact on your home’s salability without breaking your budget. A subway tile backsplash, for instance, starts at approximately $2 per square foot, boost your home’s overall value by 7% and impact on your home’s salability.
The vast majority of homebuyers are families with kids and pets. And with nearly 74 million children and 78 million dogs to look out for, homebuyers tend to keep a keen eye out for properties with fully fenced yards. HomeAdvisor estimates the average cost to install a wooden fence in Tampa is between $1,281 and $2,787. It’s a project that takes approximately one to two days but will make your home more appealing to a broader demographic.
Like the kitchen, a home’s bathroom plays a major role in its appeal, or lack thereof. While completely gutting the bathroom may be cost prohibitive, there are a few upgrades you can do yourself. Buyers will love the look of your lavatory if you take the time to paint, install a medicine cabinet, replace outdated light fixtures, and add a matching tile backsplash to the tub and vanity. Perhaps the most important thing you can do in the bathroom is to keep it clean (here are some tips from Molly Maid on how to do this in a hurry) and mildew free.
Nothing ages a home quite as much as warped and broken windows. In addition to being visually displeasing, outdated windows are a red flag to buyers that your home will cost them more each month in high energy bills. Forbes asserts that new windows can be a huge selling point that can save you – and your buyers – up to 25% on heating and cooling costs each month. And though largely considered a major renovation, not all quality windows come with a hefty price tag. Consumer Reports’ top picks include the budget-friendly American Craftsman by Andersen 70 Series and the Simonton Pro-Finish Contractor-grade window, each of which runs approximately $260 each.
Your home’s HVAC, electrical, and plumbing systems are the hidden work horses that keep things moving 24/7. If your heating and cooling system is more than 10-years old or your electrical or plumbing systems are more than 20-years old, it may be time to consider bringing them up to current codes and standards. Each of these systems may cost more than $8000 to replace but tell your buyers that you are serious about offering a well-conditioned property for sale. Replacing the systems may give you a firmer stand once you set your price.
Your roof is kind of like icing on cake. If it doesn’t look good, no one will want to see what’s underneath. Replace curled and torn shingles and fix any structural damage to the roof before listing your home. If you want to make a great first impression, replace your standard roofing shingles with architectural shingles that will add an added layer of curb appeal to the property.
No matter which home-improvements you choose to undertake prior to listing a home for sale, never start major renovations you don’t have time to finish. Large jobs should always be left to the professionals; amateur installations will almost always be found during the home inspection and cited as a contingency. This could leave you forking out cash at closing instead of reaping the rewards of your investment.
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