(NAPSI)—The next time you’re thinking about sprucing up your digs, consider these projects, which the National Association of Realtors’ (NAR) recent “Remodeling Impact Report” says can bring the greatest cost recovery or deliver the most happiness based on a “joy score.”
Think Like A Buyer
Even if you don’t plan to sell your home in the near future, envision yourself as a potential buyer walking into your house for the first time. Which imperfections would catch someone’seyeimmediately yet are reasonable to fix? A few projects that made owners happiest were adding a bathroom, new fiber-cement siding and a complete kitchen renovation.
There are several affordable renovations that recover most of the costs when it’s time to sell your home. Of the projects that had the greatest cost recovery, many, based on average costs, were $2,500 or less. These included insulation upgrades (95 percent cost recovery on $2,100), a new garage door (87 percent on $2,300) and refinishing hardwood flooring (100 percent cost recovery on $2,500).
Depending on your home’s age, your roof has likely felt the brunt of Mother Nature. Over time, torrential downpours, fierce winds and even the cold can cause shingles to peel back, buckle and even fall off. This leaves your home susceptible to leaks and possibly mildew or mold.
Although costly ($7,600 on average), a new roof rated the highest in both cost recovery (105 percent) and happiness. When selling, a recently fixed or replaced roof also puts potential buyers at ease.
Give Your Kitchen A Fresh Look
While full kitchen renovations can cost north of $50,000, smaller projects such as updating worn-out cabinet surfaces, installing touch-activated faucets and even a new backsplash are budget friendly and likely gratifying to you or a potential buyer.
Need proof? Fifty-seven percent of surveyed Realtors reported they’ve suggested sellers complete a kitchen upgrade before attempting to sell. As for owners, 82 percent said they have a greater desire to be home since completing an upgrade.
Realtors know which remodeling projects bring the biggest bang for the buck. If you’re looking to upgrade before selling and need advice, talk to a Realtor.
As your REALTOR®, I will guide you through the home selling and buying process. Let me help you sell or find your new Denver home. Call me today at 720.675.7355 or email me at donnahansenion (@) gmail.com.
Author:Donna Hickey Hansen Phone: 303-949-3393 Dated: February 2nd 2016 Views: 704 About Donna: As a Realtor and real estate investor, I love finding first time home buyers, move-up buyers and inv...
Ion Real Estate is a hand-picked team of highly respectable experienced Realtors coming together to work with you. Please contact us anytime with any questions. We look forward to serving your Colorado real estate needs. Our experience and dedicated professionalism ensures our clients have exceptional representation every step of the way. At a time where bigger isn't always better, Ion Real Estate has chosen to remain a smaller, highly focused team in order to provide a level of personal service, attention and consideration to our clients that you simply won't find elsewhere. Our decades of experience in the unique world of Denver real estate positions us advantageously to handle all of your real estate needs
I love love love coffee shops! Especially the hidden g
"We cannot thank Jim & Julie and the team at Ion Real Estate enough!!! We were very impressed with Jim's knowledge of the business and his drive to find us our perfect home; from the lender-side and how to get the best deal to the realtor-side and everything in between. As first time home buyers we really appreciated Jim's direction in gathering everything we would need. In addition to Jim's wonderful guidance, Julie was exceptional to work with too. She was always willing to listen to our concerns and was very encouraging on our journey hunting down our first home. She is so dedicated that she found us "our" home during the holidays and we were under contract by New Year's, which was a great way to start off the new year. She found us our dream home, in a great location and we couldn't be happier. I always recommend Jim, Julie and Ion whenever someone I know says they are looking to buy or sell their home. Go with Ion, they make dreams come true.
Ana & Marc G