HomeGain 2011 Top 5 Home Improvements for Selling Your House

HomeGain 2011 Top 5 Home Improvements for Selling Your House

Home Improvements for SellersWith spring just around the bend, soon more properties will be popping up on the market.  With an increase in competition it is important to take into consideration what home improvements for selling your house will help maximize your return on investment.

The top five nationwide home improvements for selling your house that Realtors recommend to home sellers, based on average cost and return on investment (ROI) to sellers, are:

 

1. Cleaning and De-Personalizing ($290 cost / $1,990 price increase / 586% ROI / 99% recommended)

2. Lightening and Brightening ($375 cost / $1550 price increase / 313% ROI / 97% recommended)

3. Home Staging ($540 cost / $2194 price increase / 299% ROI / 80 % recommended)

4. Landscaping ($540 cost / $1932 price increase / 258% ROI / 93% recommended)

5. Repair Electrical or Plumbing ($535 cost / $1505 price increase / 181% ROI / 92% recommended)

Costs are averages and rounded up.

HomeGain DIY National Chart Survey

It is recommended that sellers prepare their homes for sale prior to putting them on the market.  Homes that have initial appeal have an advantage and are more likely to sell faster and closer to the asking price than homes that are rushed to the market with no improvements.

Additional recommended home improvements for selling your house are:

6. Update Kitchen and Bathrooms ($1265 cost / $3435 price increase / 172% ROI / 75% recommended)

7. Replacing or Cleaning Carpets ($647 cost / $1739 price increase / 169% ROI / 98 % recommended)

8. Painting Interior Walls  ($1012 cost / $2112 price increase / 109% ROI / 96% recommended)

9. Repair Damaged Floors ($931 cost / $1924 price increase / 107% ROI / 93% recommended)

10. Paint Outside of Home ($1467 cost / $2222 price increase / 51% ROI / 81% recommended)

The home improvements with the highest price increases to a home’s resale value is Updating the Kitchen and Bathroom ($3435 price increase), followed by Painting the Outside of the Home ($2222 price increase) and Home Staging ($2194 price increase).

Regardless of the recommendations your home may require, the extra value added should prove a higher success rate in the sale of your home.

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