Ensure Your Remodeling Project Pays Off

You might not be selling your home anytime soon, but you could in the future, and what you’re doing now will have a definite have an effect on on that.

Repairs get the biggest returns

You may think it’s the big things like a updated kitchen or a hot tub that will bring in the buyers, but often times it’s the lack of general repairs that need to be done that really catches their eye.

Austin, TX real estate appraiser Jim Amorin says, “If a property is known to have issues, today’s buyers won’t even look at it.”

He goes on to point out that asking sellers to not only pay for the repairs as part of the agreement, but also pay a penalty to compensate the buyer for the inconvenience is now common practice., and that $20,000 roof repair you never did because you wanted to save money, could very well turn into a $30,000 credit to the buyer.

Remodel instead of adding on

The desire for a large and spacious home is dwindling. But that doesn’t mean you can’t add value to your home.

Instead of adding on to your house, remodel the existing areas to better suit the needs and wants of today’s buyers.

Eco-friendly upgrades can save money

Green-living is huge right now. Why not make your house part of the environment-friendly trend?

Think energy-efficient – with such features as EnergyStar appliances and extra wall insulation.

Perhaps the best way to go green is make the changes while you’re there anyway. For example, when it’s time to replace your furnace, upgrade to a super-efficient model – it could very well save you, and your future buyers, $150 or more in annual heating costs.

Get more tips on how remodeling your home can pay off at Money.Cnn.Com.

home remodeling tips

Tags: , , , , , , ,

Leave a Reply

Time limit is exhausted. Please reload the CAPTCHA.