Thursday, February 26, 2015

Get Higher ROI with Low Budget Updates

HomeGain, the leading provider of online marketing programs that connect real estate agents and brokers with home buyers and sellers, has identified the top 10 home improvements under $1,500 that gives sellers higher ROI as follows:

Rank
Activity
Cost
Price Increase
Return On Investment
1st
Cleaning and de-cluttering
$290
$1,990
586%
2nd
Lightening and brightening
$375
$1,550
313%
3rd
Home Staging
$550
$2,194
299%
4th
Landscaping
$540
$1,932
258%
5th
Repairing electrical or plumbing
$535
$1,505
181%
6th
Kitchen and bathroom
$1,265
$435
172%
7th
Replace or shampoo carpets
$647
$1,730
169%
8th
Paint interior
$1,012
$2,112
109%
9th
Repair floors
$931
$1,924
107%
10th
Paint Exterior
$1,467
$2,222
51%


Top 3 Money Maker$ are:

1. Cleaning and De-cluttering. Remove personal items, wash inside and outside of your home, freshen air, remove clutters from all areas of the home. Organize closets, Polish wood works and mirrors. The more personal stuff in the house, the less potential buyers can imagine themselves living there. 

2. Lightening and Brightening. Clean windows (inside and out), remove old curtains and hang a new one, remove fixtures from windows, make sure windows open easily. Make sure that sunlight enters the room.  Ensure that your house is bright and cheery - it will make more marketable.


3. Home Staging. Add fresh flowers, remove personal items, arrange furniture, add new props and artwork. Home staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space. 


If you have a limited budget and you are interested in making more of a cash return on your investment, follow the 3 tips above and get top dollar when selling your home.


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