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

will put your price tag on the opposite end of the spectrum.

Do you need a new toilet? Get it. Is your vanity too small? Replace it. Is the tile cracked or the linoleum peeling back? It is time for a floor makeover. Be practical. You do not want potential buyers cringing at the sight of an old toilet or rusted showerhead, but you want to recoup as much money as possible from the sale. If you overspend on luxuries, you may still make the sale, but not at the full amount needed to at least break even for your efforts. The point of this walk-through is that making permanent alterations unique to you can cost you when it is time to sell. For example, prospective home buyers won't necessarily view the expensive solar system painted on the ceiling in the dining room as a benefit. Some may even want to have it removed at your expense for them to consider buying. Are you considering upgrading a century home to include basic systems such as air-conditioning, upgraded electric, or new ductwork? Or entirely replacing the heating and air units in a more recent model home? Do not expect home buyers to be willing to pay the cost or for the appraisal to reflect what you spent. There are certain things home buyers take for granted, including central heating and air, functional plumbing, and electricity. If a home lacks any of these, the value goes down drastically. However, value is not affected when these are present, even if you spend thousands on the best in the industry. You may get some bonus points for more efficient and environmentally friendly equipment, but not much else. This also goes for buying new gutters. On the other hand, improvements on necessities such as new siding or a new roof will often yield a higher return than the

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