From time to time we have had customers visit the Gallery with ideas of freshening up their homes and getting them ready to sell. There are many options available to the homeowner to do so, but on of the best options for return on investment is both the Kitchen and the Master Bathroom spaces. Consequently, when most buyers visit and inspect a home to buy, these are the two most important rooms in the house, and most especially to the lady of the house. When working with a market evaluator or realtor, these are some of the favorites to consider when getting your home ready to sell:
Repaint
This may sound like a simple option, but surprisingly enough, one of the easiest and least expensive ways to make a difference in the overall appearance of the home. Paints can fade or amber over time. Removing unconventional colors and replacing with neutrals may be the best alternative when trying to entice a buyer. Bright colors such as off-white, light grays, or sandy and fawn beiges are largely sought-after colors in the kitchen.
New Appliances
Including appliances in the sell of the home is a huge draw and depending on the age and condition of the appliances, these can be a huge selling feature, especially to first time home buyers. Many times, just coming up with the down-payment for the mortgage is burdensome enough: this can save the new buyers thousands of dollars and generally returns about 61% of the investment outlay, per articles at www.costvsvalue.com. This is a consideration for the seller and generally makes the buyers more comfortable with the continued usefulness of the appliances.
Cabinetry
There are multiple ways to review the possibilities for the kitchen cabinets. Having lived in the house and considering usability of the cabinet and the kitchen design, a homeowner may want to consider redesign and new kitchen cabinets. This is the most costly to the homeowner, but offers approximately 73.5% return on investment nationwide according to www.costvsvalue.com. If new cabinets are not in the budget, and replacing the cabinets is not an option, you can alternative consider refinishing the existing kitchen cabinets. This procedure can usually be done in 7-10 days and can update and add new life to the cabinets instantly. One may consider painting outdated and stained cabinetry white.
New Flooring
Depending on the type flooring that is currently installed, there are multiple options available for the kitchen. There is a new to the marketplace technology known as LVP flooring. These products further known as Luxury Vinyl Plank floors, are interlocking like laminate floors, and come in a multiple of colors and patterns; they mimic wood floors or tile floors depending on the pattern you select; they are completely waterproof and very durable. New floors can create appeal for sellers and buyers alike.
New homebuyers want the kitchen and bath of their dreams; however, it must be reasonable for both the seller and the buyer for the seller to make the upgrades. Considerations for the seller are return on investment vs increased value to the property. Considerations for the buyer are the additional costs on the front end for the purchase of the home. This too, can save the seller carrying costs if a buyer is found more expediently because they have fallen in love with the new finishes.
The safest route to making the decisions lie with the appraiser, the realtor, and the homeowner. Always consult a professional if you are in the market to sell your home. We look forward to seeing you in the showroom soon.
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