carpets are path-worn and dull, you can replace them easily with other kinds of economica l fl ooring with a reasonable ROI, although carpeting does make a room feel cozy. You can repair laminat e fl oors cosmetically with repair kits found at home improvement stores. Hardwoo d fl ooring can be easily re fin ished if the wood is worn or water damaged. Seek the advice o f a fl ooring professional because real woo d fl oors add a level of quality to a home that laminat e fl oors can’t replicate. TIPS FOR KITCHENS AND BATHS The fir st thing to determine in making upgrades to your kitchen and bath is what you believe constitutes a substantial investment. Th e key is to consider mass appeal for the sake of resale value. Maritz Research Staging Polls found that “79 percent of buyers indicated they would be willing to pay a premium for a home with an updated kitchen.” Some statistics rate this preference as high as 100 percent! One home owner decided to add a backsplash and more cabinet space in the kitche n. Th ey also updated the appliances and re fin ished the oa k fl ooring. Total cos t: $4,000. Th e seller kept the price comparable to sales in the area and ended up selling for $27,000 more than the asking price because buyers started a bidding war. “Bathroom renovations may net you 75–100 percent return on your dollar,” according t o Th e Appraisal Institute of Canada. “Kitchen renovations may net you 50–75 percent return on your dollar.” You don’t need to bust your budget to sell your home, but you do want to create mass appeal. Kitchens are pivotal in-home appeal.
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