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Should We Renovate Before We Sell? Renovations That Sell.

by Allyson Hoffman

It is no secret that the current buyers market that we are in has left home sellers wondering what it will take to get the best possible price for their home and as quickly as possible.

Many homeowners are turning to renovating their homes in an attempt to set themselves apart from other homes for sale in the community, but what renovations can be done to get the largest rate of return?

First and foremost it is important to keep in mind, whether you are selling now or in the future, general maintenance and upkeep of your home is a logical investment. Homebuyers are drawn to “move-in-ready” homes so they are not burdened with having to tend to basic repairs after moving in.

With that said, there has been a lot of discussion, articles written and blog posts made that outline the types of renovations, beyond general maintenance, that are commonly taken on, resulting in a reasonable return on your investment when selling your home. These renovations include:

•    The Kitchen
•    Bathrooms
•    Floors and Wall Finishes
•    New Siding
•    Extra Living Space
•    Windows
•    Decks
•    Energy Efficient Improvements

Before you decide to jump into any major renovations before selling, it is always a good idea to consult with your Realtor® to evaluate the market values in your community.  Ideally you want the renovations you decide to spend your time, effort and money on, to get you the best possible price for your home (within a reasonable neighborhood price point) and the largest return on your investment.

Major renovations before selling can be pricey, time consuming and a great investment, but shouldn’t be entered into lightly. Depending on your time frame and when you need/want to be out of your home, all renovations should be carefully planned and reviewed with your agent.

Image courtesy of cilesfineline/Flickr.com

 

Some things you can do to spruce up your yard could be:

  • A thorough wash of the siding or fresh stain
  • Lawns, shrubs and tress should be trimmed
  • Flower beds and pots should be weed free

Once you have created an inviting and clean front yard, potential buyers will want to enter the home for a closer look. There are a few basic home staging techniques that you can follow for the interior of your home that may help seal the deal.

  • All rooms and hallways should be clutter free
  • Try to rid your home of any strong odors that may turn off potential buyers (i.e. pet odors, cigarette smells, or strong candle scents)
  • Keep you "personal" knick knacks, collections and family photos to a bare minimum
  • You may have some smaller rooms in your home. To have these rooms appear bigger, try removing some of the unnecessary or extra furniture

First impressions can make or break the sale of your home, so don't miss out. A little clean up can go a long way.

Spring is sneaking up on us and for those of you that are planning to sell your home, below are a few tips to help you get your home "sale" ready.

When preparing to "stage" your home it is a good idea to start with your front yard. This is where first impressions are formed. Ideally you want your yard to be tidy and well groomed.

Image courtesy of Wicker Paradise/Flickr.com

Home Energy Saving Tips

by Allyson Hoffman

 

According to the U.S. Department of Energy, the typical U.S. family will spend in excess of $1,600 a year on energy costs. This amount could be lessened as a large portion of the energy used is wasted. There are a number of simple steps we can take to save energy, and money, in our homes.

 

The following energy saving tips by the U.S. Department of Energy are easy, and cost little or no money at all to implement into a new energy efficient home for you and your family.

 

  • Set your thermostat comfortably low in the winter and comfortably high in the summer. Install a programmable thermostat that is compatible with your heating and cooling system.
  • Use compact fluorescent light bulbs.
  • Air dry dishes instead of using your dishwasher's drying cycle.
  • Turn off your computer and monitor when not in use.
  • Plug home electronics, such as TVs and DVD players, into power strips; turn the power strips off when the equipment is not in use (TVs and DVDs in standby mode still use several watts of power).
  • Lower the thermostat on your hot water heater to 120° F.
  • Take short showers instead of baths.
  • Wash only full loads of dishes and clothes.
  • Look for the ENERGY STAR® label on home appliances and products. ENERGY STAR® products meet strict efficiency guidelines set by the U.S. Environmental Protection Agency and the U.S. Department of Energy.


This is the first step in making your home “energy efficient” and will also save you money. For more information on any of the tips listed here, or to learn how you can cut your energy use up to 25%, visit the U.S. Department of Energy’s Energy Efficiency and Renewable Energy website for consumer tips.

 

Image courtesy of Joanna Bourne/Flickr.com

 

Displaying blog entries 1-3 of 3

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Photo of Allyson Hoffman & Paul Wells Real Estate
Allyson Hoffman & Paul Wells
RE/MAX of Barrington
306 W. Northwest Highway
Barrington IL 60010
Allyson: 847-310-5300
Paul: 847-913-6100

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RE/MAX of Barrington
306 W. Northwest Hwy.
Barrington, IL 60010

Allyson Hoffman
(847) 310-5300
[email protected]

Paul Wells
(847) 913-6100
[email protected]