investment. The key is to consider mass appeal for the sake of resale value. One homeowner decided to add a backsplash and more cabinet space in the kitchen. They also updated some of the appliances and refinished the oak flooring. Total cost: $8,000. The seller kept the price comparable to sales in the area and ended up selling for $27,000 more than the asking price because interested buyers started a bidding war. You do not need to bust your budget to sell your home, but you do want to create mass appeal. Kitchens are pivotal in a home's appeal. What can be done to your kitchen and bath to impress buyers without losing ROI?
TWO ENERGY-SAVING UPGRADES TO LOWER UTILITY BILLS
• Install an energy-saving smart thermostat for less than $300; this will save on utility bills. • Install solar vents ($500-$700) in the attic space to help expel hot air during the summer months.
MAKING A CASE FOR SPACE
According to the National Association of Realtors®, a majority of recent home buyers would have preferred improved and greater closet space, as well as other storage options. Consider these statistics showing what buyers are looking for in a home:
• 93% wanted a laundry room. • 90% wanted a bathroom linen closet. • 86% wanted garage storage. • 85% wanted a walk-in kitchen pantry.
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