If You Plan to Sell in 2013, Make Wise Decisions
If you decide to sell your home in 2013, some needed remodeling can return you some large dollars on your home investment. It isn’t necessary to spend $200,000 on a remodeling project to update your home. Buyers are looking for a home that they can move right into. New paint and carpet allows them to move in and do additional tasks that are needed later. Spend your remodel dollars on the right things and you will receive a larger return on your investment.
I have always said that new paint and carpet is the best investment that you can make. Paint and carpet cost around $9000 for a 3000 square foot home and will return four times that amount in the sale of your home. In today’s real estate market where homes in Villa Park, California are selling are selling in the $1,000,000 to $2,000,000 area, a 10% greater return because of paint and carpet can bring you a bonus of $100,000. Where can you make a quick $100,000 in today’s investment market?
What do we do with the kitchen cabinets? Paint them too! If your kitchen has the old dark kitchen cabinets and old hardware, paint them and change the hardware. There are companies, which specialize in putting textures on the kitchen cabinets, which make them look very nice, and really update them. A good quality paint job can make your cabinets look like new and make the kitchen look much better and maybe save you from redoing the tile also. Sometimes the tile is so dated that replacement is a must. There are companies that paint the tile with a lacquer coating that looks very nice. Other things in the kitchen like brown or avocado appliances are a must to replace or repaint. The doors of these appliances can be taken off and taken to companies that specialize in painting appliances at a reasonable fee. If you are going to the expense of quality painted cabinets and new or repainted appliances, then make sure your kitchen floor is not dated. If you need to update your kitchen floor, then look at Pergo or similar material for a quick inexpensive fix. Lighting in your kitchen is the next item to evaluate. If you have the old recessed neon lights with the lens covering them, you can upgrade to new canned lighting at approximately $70 per light. A normal kitchen will require 8 to 10 canned lights. Of course, if you are selling a million dollar home or more new cabinets and granite in the kitchen can be done for approximately $20,000 if you call the right contractor. Call me for the best prices in kitchen remodel.
Even the tile in your bathroom can be painted with a special paint, which looks like new tile. This will last for 5 years and save you thousands in not having to remodel your bathroom or change any of the fixtures.
A full remodel today for a 3000 square foot home will run around $250,000. What I have suggested will update your home and cost you roughly $20,000. You will sell your home faster and for more money.
There are lots of ways to save money on fixing up your home, which are not mentioned in this article, but I would be happy to assist you with some remodeling ideas as well as refer subcontractors who can provide reliable, cost effective work. In addition I would be happy to come to your home and recommend things you could do to get more money in selling your home.