Best Room To Remodel For Selling Your Home

bad kitchen2The Kitchen (the bathroom too) Keep reading!

The key word here is “remodel” not “repair”. If your roof, plumbing, a/c, furnace, or gutters need repair or replacing those must be taken care of first. There you will be eliminating the negative things that can snag a home sale.

However, if all else is in order and you want to spend some money wisely, give your kitchen and bathrooms a hard look. Are the appliances a shade of avocado? Does the dishwasher make the same amount of noise as a Metallica concert? Are your cabinets worn and grimy?

In that case you could profit from doing some serious improvements before putting your home on the market for sale.

Here’s a great excerpt from HGTV.com: “In the hottest housing markets, springing for a kitchen or bath remodel is a sure-fire investment, often returning more than 100 percent of the cost. In Baltimore, for instance, a $9,400 bathroom remodel recouped 182 percent of its cost at resale, according to Remodeling’s 2004 study. The markets in Washington, D.C., Minneapolis, Chicago, Atlanta, San Francisco and San Diego also offered triple-digit returns on a bathroom remodel. Minor kitchen remodels (average cost: $15,273) also provided returns of more than 100 percent in cities including Providence, R.I., Miami, New Orleans and, of course, San Diego, where a $17,928 investment netted $27,000 on resale.”

newly remodeled kitchenOften, minor improvements can yield major dividends. According to Remodeling magazine’s annual analysis of cost versus value, a kitchen “face-lift” — painting, refinishing surfaces, and upgrading appliances — will return more than a full redesign. The key to spending less is spending it wisely. “If you take $20,000 and spend it judiciously on a kitchen, you can make it look a million times better.”

Another factor to consider is the cost involved in the remodeling vs the value of the home. Just as your home’s cost should be in line with your neighborhood, your improvements should be in line with the value of your home. Don’t spend $100,000 improving your kitchen if the home is only worth $150,000 – expecting to make your money back by selling the home for $250,000. The buyers won’t see it that way. Neither will the lenders.

When it comes to how much you spend on a kitchen remodel, prices can run the gamut, from $5,000 to $75,000, or more. Get the biggest bang for your buck on a kitchen remodel by looking at color. Fresh paint, in modern colors, can go a long way towards updating the look of your kitchen. Plus, paint is relatively cheap.

Kitchen appliances? Replace old appliances with energy-efficient models. Energy Star-rated appliances are better for the environment, and they also help you save money, because they use less energy.

For all your Montgomery County Real Estate Needs contact the Michelle Wheeler Team
Wayne Stroman, Broker
Lake-Conroe-Realtors.com TREC Lic. 0416282
Call the Property Desk at 936-588-7004
Sales Office: 14500 HWY 105 W, Conroe, Texas 77304
Mail to: PO Box 2991, Conroe, Texas 77305
Sales: 936-588-4444
Fax: 936-588-4884

Listing and Sales Agent

Michelle Wheeler
Lake Conroe Area Team Leader

Real Estate Listing and Sales

Wayne Stroman
Lake-Conroe-Realtors.com Broker

 

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