If you are looking to buy or sell a house, these are interesting times aren’t they.
If your home is like ours, there is some deferred maintenance that could potentially push a financing company away from the table, or buyers to a home down the street.
The question is, if you are looking to sell, what renovations have the highest ROI (return on investment) right now? Once you get past the “have to do’s”, what can you invest in to help sell the house and recoup the most money?
I’ve followed this over the years and what I can tell you is that the list changes over time, and by market.
Nothing I’m about to mention should take the place of advise from a trusted real estate market professional. Chances are good though, that most of the items on this list will be on theirs. If not, you may want to consider a second opinion.
One that always seems to rise to the top is a front entrance work over, metal doors and a window surround are the current trend. Others on the list include garage doors, siding (with stone veneer being preferred), and minor kitchen remodels.
Thinking a little deeper, you may be able to use this same list to help negotiate a purchase too. If something here hasn’t been done already, you could ask the seller to have it done, or negotiate a greater reduction in price based on facts you can prove.
As always, knowledge is …..?
Along this theme, how about a weekend special on something that could help with some of the projects on the list? How about a tile saw for the entire weekend for just $39?
Same rules apply, only one available at this price, first come first served, you have to mention the Newsletter special, damage waiver isn’t available, you need to return it by 9am Monday morning. Pretty hard to beat for just $39 bucks.
The weather is supposed to be good this weekend, hopefully you’ll be able to do something to make your space a better place!
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