Joseph Talbot, Real Estate Broker - HOME IMPROVEMENTS THAT IMPROVE VALUES

cheap, easy, and fast, especially in the bathroom. Replace frosted glass in favour of clear glass, clean the grout, remove rust stains, apply fresh caulk, update doorknobs and cabinet pulls, replace faucets, and install a low-flush toilet. Even buying a new toilet seat can make a difference. Use neutral wall colours. If you're getting ready to put a house on the market, don't allow walls with chipped or cracked paint to go unmaintained. If you need to do more than a touch-up, choose neutral colours. Sellers are well-advised to get out of their personal taste. Buyers want to project their own ideas onto a space, and sellers can help with neutral wall colours. Remove the "question marks" from your house. Some real estate agents call this the "What's that?" factor. Whether it is 1950s wallpaper, a broken front step, or green-and-blue vinyl flooring, it should be fixed or removed.

EXAMPLES OF HOME IMPROVEMENTS THAT PAID OFF

"If the roof leaks, buyers won't get beyond that." That is a piece of truth that sellers simply cannot get around. No matter what upgrades or improvements you make, if the fundamental systems like the furnace, AC, plumbing, electric, foundation, or roof are in bad shape, so is the chance of a sale. There are, though, examples of home improvements that you can almost bank on returning a good ROI on your investment outlays. According to Remodeling magazine, you are less likely to recoup your investment in a major kitchen or bathroom remodel than you get back what you spend on essential home maintenance, such as new siding. Siding replacement recouped 92.8% of its cost, according to the study. The only home improvement likely to return more at resale was a minor (roughly $15,000) kitchen remodel, which returned 92.9%.

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