You’re thinking of selling your home, but things are looking a little shabby. Should you leave it as is and hope for the best, or make changes in the hopes of commanding a better price?
The answer to that depends on the changes you are considering.
When improving your home in hopes of a bigger profit, not all renovations are created equal. Realty Times recently released its list of the home improvements for under $1,500 that will add the most to your bottom line. These include:
Cleaning and de-cluttering (Removing personal items, washing and cleaning inside the home and out, freshening air, removing clutter; organizing closets, polishing woodwork, etc.)
Price increase as a result: $1,990
Return on investment: 586%
Lightening things up (This includes cleaning windows and skylights, replacing old curtains, removing obstacles that block the light, repairing light fixtures and windows.)
Price increase as a result: $1,500
Return on investment: 313%
Home staging (Adding fresh flowers, rearranging furniture, adding new items to enhance the décor and so on.)
Price increase as a result: $2,194
Return on investment: 299%
Price increase as a result: $1,932
Return on investment: 258%
Repairing electrical or plumbing
Price increase as a result: $1,505
Return on investment: 181%
Painting the interior
Price increase as a result: $3,435
Return on investment: 109%
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