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Home Projects That Will Help You Sell Your House

June 25, 2012 | Comments: 0 | Views: 125

If you are getting ready to sell your house, chances are you will need to make some upgrades to attract buyers. But what should you do that will give you a good return on your investment by way of a better selling price?

In the past, most home renovations to get houses ready to sell included granite countertops in the kitchen, upgraded flooring and luxury bathroom add-ons. But with today's economy, the trend - and the need - for these extravagant upgrades are being replaced by more functional improvements. According to the National Association of Home Builders, home renovations are not paying off as well as they have in the past. In 2006, the return on remodeling expenditures averaged about 76%. That figure has dropped to 64%.

Home owners need to rethink what they spend money on to attract buyers. Things that are bringing the best return are:

Upgraded or additional insulation and other energy-saving projects that will save your home buyers money on their energy bills are desirable. Look at energy-efficient windows, roofing and doors. Although an energy-efficient steel entry door may cost an average of $1,200, there is a 100% or more return on the cost when you go to sell. Besides the energy saving advantage, it also upgrades your house - in the spot that buyers will notice first. Through 2016, some energy saving renovations are eligible for federal tax credits up to 30% of the cost of the renovation, up to $1,500. Geothermal heat pumps are one of the eligible expenditures - and there is no maximum for them. Even if you don't sell your home, these types of upgrades can save you hundreds of dollars in energy costs for the years you stay in your home.

Maintenance, repairs and replacements are always a smart investment to attract buyers. And many insurers will discount your homeowner's premiums anywhere from 10-15% for these types of upgrades because they can prevent property damage, along with plumbing and electric upgrades.

Appliance upgrades are not onlymuch sought after features in homes for sale, the costs of many energy-efficient models have dropped in price and can be eligible for government program discounts and rebates.

Small renovations and additions to make the most of our existing space, such as converting an attic space into a bedroom, adding a bath or installing a shower yield good returns, especially if other homes in your neighborhood have these. But don't undertake large expansions or additions. You're likely to not recoup your investment, and you need to be careful about making cosmetic changes that may not appeal to buyers.

Garages are an exception to this rule. Adding a garage if you don't have one, or remodeling to allow a direct entrance from garage to house has a 65% payback. This also will protect your vehicles and provide additional storage space.

Landscaping is always a good investment. Curb appeal attracts buyers to your home and sets up the best first impression. Hiring a local yard maintenance company to green up your lawn, adding a garden, path, shrubs, trees and flowers are small expenditures that can draw more buyers and more money.

RH Offers LLC is a professional network of real estate investors specializing in buying homes online, quickly, with no hassles. The company has streamlined the entire home sale process, working nationwide to buy houses in any condition, as is, at a fair offer price. This allows home sellers to avoid listing fees, holding fees, maintenance, ongoing payments, and ongoing stress. Visit the RH Offers website at http://www.rhoffers.com

Source: EzineArticles
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