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Barbara Wilson's Tip of the Month

Tip of the Month :: June 2005

 

Home Improvements Before You List?

Think home improvements will substantially increase the selling price of your home? You may want to think again. Before you invest a lot of money into home improvements and upgrades, you should consult with Barbara Wilson, Medina County's #1 Real Estate Agent, to determine which changes will most impact your home's sale. Some renovations not only fail to improve resale profits, but could actually detract from your home¹s overall value. Swimming pools, water gardens and greenhouse additions fall into this unfortunate category.

However, certain upgrades can return a 100% profit and make your home very desirable. Kitchen updates can offer a substantial payback. Keep it simple, functional and neutral.
A lush lawn
and a splash of floral color can draw potential buyers like hummingbirds to sugar water. A few hundred dollars invested in this area can result in thousands of dollars in profit. Fill your home with feelings of warmth and tradition by installing or upgrading a fireplace. This home improvement is a sure winner ­ especially if it¹s energy efficient (like many gas models).

Considering a Change?
Check out this list first, which includes improvements that enhance the sale of your home. Each includes an estimated rate of return on the improvement.

  • Remodeled Kitchen, 150%
  • Revitalized Lawn, 100%
  • Fireplace, 100%
  • Second Bath, 90%
  • Room Addition, 80%
  • Remodeled Bath, 60­80%
  • Deck, 70%
  • Exterior Paint, 50%
  • Finished Basement, 40%
  • Heating System, 40%
  • New Windows and Doors, 35%

Be sure to talk to Barbara Wilson, Medina County's #1 Real Estate Agent, to ease your listing concerns.

 

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