By Melissa Dittmann Tracey, REALTOR® Magazine
Both real estate agents and home sellers see the value in simple home improvement projects, saying they believe small renovations can go a long way in helping a home sell faster and for more money, according to a recent Realtor.com survey.
Home sellers may not need as much convincing as previously thought on the reasons why you should spruce up your property before the for-sale sign goes up, according to a survey of 450 REALTORS® and more than 1,600 home owners.
But as sellers realize the importance of home improvement projects to improve a home sale, are they targeting the right projects to attract home buyers?
Apparently so, according to the survey.
Sellers and agents agree on the top three areas of a home that sellers should focus their most time and budget on with home improvement projects. Those are: Continue reading »
Submitted by Case Design/Remodeling
Do-it-yourself projects are all the rage right now, between home owners looking to save money and eco-friendly trends in repurposing used household items and materials. But what are the top DIY projects that home owners are currently doing?
While Case Design/Remodeling’s blog typically focuses on larger remodeling topics like the pros and cons of open floor plans, they also offer creative home improvement ideas using repurposed materials and home updates to consider before you sell. Fred, a subsidiary of Case Design, focuses on home maintenance projects that home owners can undertake themselves or contract out through a handyman service.
Here are the top DIY and home improvement projects homeowners are doing right now, according to Joaquin Erazo, Jr. of Case Design/Remodeling, Inc.
A recent article at The Street lists 10 common home projects that drain home owners’ budgets and offer little return on investment, in citing findings from Remodeling Magazine’s annual Cost vs. Value survey. Do you agree with some of the projects that showed up on its list? Are these home projects a waste of money for home owners to tackle when it comes to boosting their resale value?
1. Pools: A $25,000-$50,000 investment and that doesn’t include the yearly maintenance costs and repairs that will undoubtedly be needed down the road.
2. Outdoor kitchens: Steel grills and gourmet pizza ovens outside can be nice in year-round warm climates but in cooler weather climates, many people would prefer the warmth of an indoor kitchen.
3. Garage addition: The cost of adding a garage spot could be about $58,000, but it only adds about $33,000 extra to your home’s value. You’d be better off replacing the garage door–which offers up to a 70 percent return on your investment at resale.
4. Backup power generator: A $15,000 expense can be extreme for the main reason to “prevent $30 in groceries from spoiling the next time a transformer blows,” The Street notes.
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