Monthly Archives: August 2008

Which Home Improvements offer the best return for your money?

August is a time of planning.  Kids are back to school and summer is winding down.  Many Homeowners start thinking about projects to do around the house.  Whether you are planning to sell your home this fall or just want to make improvements for you to enjoy it’s a good idea to pick those projects that will get you the best return on the money you spend. Deciding where to focus your time can be difficult and it’s best to consider your options:

1. Exterior:  Fall is the best time of the year to focus on your landscape plan.  Now is the time to focus on Curb Appeal.  Are your trees and shrubs so over grown that you can not see you home?  Foundation plantings frame the home.  If they are so mature and overgrown, trimming them down or thinning them out and adding some smaller plantings is a good idea.  Define your foundation with mulch beds, which also help frame your house and be sure to add color when planting this Fall.

2. Interior:  The cold days of winter are around the corner and you will be spending a lot of time inside.  Walk through your home objectively and ask yourself “Could my home use some updating”.  It is easy when we live in a home to not pay attention to the floral wall paper that went out of style 5 years ago.  Consider Painting to add a modern, but yet cozy feel to your home.  A new paint color it the most inexpensive way to update a room.  Which room to update?  Always start with the Kitchen and Baths and work out from there.  Even changing your kitchen hardware can make a huge difference.  If it’s not in the budget to change a lighting fixture, a can of spray paint can do the trick.

If you don’t know where to start and would like additional ideas, we would be happy to provide you a plan of how to update your entire home with simple inexpensive ideas that you can do yourself.  Visit us at www.RaleighStager.com for a consultation

In Home Gain’s Prepare-to-Sell study, real estate agents said that it is the small improvements that pay the biggest dividends when a home is sold. The following is a summary of the results of Home Gain’s 2007 national survey, based on the ten areas of home improvement identified by real estate agents in Home Gain’s original survey in 2003.

Project

Typical Cost

Price Increase

Return on
Investment*

% of Agents
Recommending

         

Lighten & brighten

$233 – 370

$1,178 – 1,566

355%

97%

Clean and de-clutter

$190 – 318

$1,505 – 1,937

578%

97%

Landscape front/back yards

$378 – 546

$1,718 – 2,158

319%

97%

Stage home for sale

$403 – 584

$1,938 – 2,431

343%

91%

Repair electrical or plumbing

$436 – 621

$1,205 – 1,590

164%

93%

Repair damaged flooring

$628 – 878

$1,633 – 2,061

145%

94%

Update kitchen & bathrooms

$1,404 – 1,828

$3,216 – 3,934

121%

87%

Replace or shampoo carpeting

$562 – 808

$1,532 – 1,950

154%

98%

Paint exterior walls

$663 – 938

$1,757 – 2,205

147%

88%

Paint interior walls

$651 – 920

$1,741 – 2,179

150%

97%

Home Gain surveyed over 2,000 real estate agents in each of the U.S. regions. All agents might not necessarily agree on the same pre-sale strategy. See”% of agents recommending“column above. Differences of opinions may vary based on the climate of the market, region of the country or condition of the home in question. The percentage of agents that agree on the positive impact of a particular pre-sale activity is summarized here.

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Staging Your Raleigh Home, Don’t miss your best opportunity to Sell!

Your best window of opportunity to sell your home is within the first few weeks of listing it on the MLS. That is when Home Buyer’s interest is at it’s best and Real Estate Agents are previewing new properties for their Clients. A common theme that I have heard lately from sellers, “we are going wait and see what happens before we make any improvements or consider home staging”. Postponing necessary improvements or Staging your property you could miss the best, and maybe only opportunity, for a full price contract. Days on the market can directly correlate with what a buyer is willing to offer. As a seller you have to consider the carrying costs of the property as well. Considering Home Staging upfront can help alleviate longer carrying costs and ensure that you get top dollar for your investment.

1. Frist Impressions:
You don’t get a second chance to make a First Impression with your Buyer. Once they have seen your property and it does not spark an interest, they will mark it off the list of possibles and move on to the next listing.

2. Property Presentation
Staging your Raleigh Home before it hits the market will get you the best possible Internet photos. Since 73% of home buyers look on the Internet before viewing a property it is important to capture your property in the best light. We are Professional Home Stagers who can create photo ready rooms in a matter of hours. We can even provide the pictures for your Real Estate Agent to Use with the listing.

3. Increase your showings:
Agents will show a professionally staged property over one that has not been staged. Agents know buyers will be more inclined make an offer on a home that is in show condition. More showings means selling faster and at a better price.

4. Longer DOM, leads to lower offers:
Studies show that the longer your home stays on the market the lower the selling price will actually be. Staging your home is much less than your first price reduction.

Positioning your property with Home Staging, your “largest investment” from the beginning will ensure a greater return, faster than the wait and see approach. Home staging does not have to cost a lot of money. For as little as $250.00 the price of a staging consultation, and some sweat equity on your part, you can make an impact on your home. If you don’t have the time to make the neccessary changes we can help you, organize, pre-pack, de-clutter and stage your home ranging from $450 to $800 depending on the property. Contact us at http://www.raleighstager.com