We just bought a house a month ago. it was all panneling (yuk) or crappy wallpaper, but since we've painted it all. and we are currently replacing the nasty carpet some idiot put down in the kitchen with tile. also got a new dishwasher and done a few more small thing's to hopefully increase our home's value.
we bought it for 83,500 and it was appraised at 84,000 were hoping to refinance in about 3 years and borrowing extra.
what are some thing's that really make an impact on home value, obviously curve appeal i already know that. but i mean thing's that really matter when it comes to the value.......
2006-08-19 12:36:16 · 14 answers · asked by so_purrfect_24 2 in Home & Garden ➔ Decorating & Remodeling
According to Real Estate agents, kitchen & bath renos are the top two updates that give you the most return on your dollar. If you can't afford to replace the kitchen cabinets you can paint them if they are made out of wood, or have been previously painted, but not if they are plastic laminate. Updating the cabinet hardware (knobs, pulls & hinges) makes a big difference.Also upgrade the material of the countertops to corian, slate, marble or granite, just to name a few, and while you're doing that put in a new, shiny, deep sink and a new faucet that reflects the kitchen's style (one with a pull-out sprayer and a hand soap pump would be nice.)
Even though you painted the panelling, a lot of people still have a dislike for it because they know its there and it is a dated look ( unless you have a beachy cottage style). Look into what it would cost to replace it with drywall and at the same time add crown molding .
Congrats & Good Luck :-)
2006-08-23 20:40:00 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Have you consulted with a local real estate professional? If not, I recommend you make an appointment to meet with 2 or 3 agents and ask them to do a listing presentation. I suggest they do a 2 step presentation. The first is to tour your house and make notes about condition. I would expect they would also want to visit your "competition". Please make sure that you have the house neat and clean for these 1st visits from agents. As noted by another poster, go ahead and pack up as much "personal" decor as possible. Then the agents should each come back and give you and your fiance an opinion of value and marketing strategy for your house. Review each agent's assessment and suggestions and decide how you want to proceed. These should be at no cost to you and no obligation to list your house for sale with the agent. But, I hope you will use one of them if you decide to list your house for sale. I realize you would like to receive some money from the sale of the house to finance your move, but listen to what you are told by the real estate agents. They should be able to give you information about what has been happening in your local real estate market and that should determine the list price for your house. Don't delude yourselves into thinking your house is worth more than a buyer is willing to pay. My guess is the fact that the pool is not in working condition will be a HUGE negative. Think about it, if you were buying a home, would you want to take on as large an item as a non-functioning pool? I suggest you get written bids to get the pool fixed. Remember that since it is not working there may be no way to know for sure that just repairing the tile and replacing the pump will restore it to usable condition. You don't have to actually do the repair, but you can help the buyer evaluate the cost of repairing the pool. It might only be a few hundred dollars and worth it to the buyer. You don't say where you are located, but many buyers have NO interest in a house with a pool, and an in-ground pool is not an easy thing to remove. Don't place too high a value on the fact that you have a swimming pool if it's not typical for your area. I don't think taking on more debt now should be your game plan. Several posters gave some good ideas you might want to implement. I like the idea of having a yard sale. Get rid of lots of stuff, and get some cash to help pay for the items that will add to the appeal of your house - like fresh paint, landscape plants/mulch, steam clean carpets, etc. These are items that will not add "value" to your house, but may help it to sell faster at the best price possible. Also, those little items like tighten screws and knobs, and a clean, fresh appearance, really do make a difference when considering which house to buy. I also think it could be a good idea for your fiance to begin the new job and live as frugally as possible to be able to send money back while you continue to work and market the house for sale. Good luck.
2016-03-17 00:06:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'm in the same boat right now! price wise and all. Already have a fenced yard, shed, new windows, nice new back deck. Very nice curb appeal, It needs paint throughout (and has paneling... concur yuk)I need to do the kitchen and bath how did you decide what to do?!! What to do first?!!I have hardwood under the carpet. Did you tear the paneling out? paint over, wallpaper? I know you were asking but I was about to when I read this. Do you base color on furniture or figure on getting something new soon? Dang I'd like to know what you are doing/have done. I spent all day trying to pick paint colors! Best of luck to you! I KNOW I'll need it. I was going to wait on the kitch., #2 bath till later to be sure. I' m lost on this.
2006-08-19 13:33:45 · answer #3 · answered by iceberg 3 · 0⤊ 0⤋
one of the best ways to get opinions or needed advice - ask an acquaintance, Realtor or neighbor what they think. Asking a close friend will work but they tend to sugar coat so not to hurt your feelings.
Upgrading appliances and just making the home look fresh and nice will earn you points. Landscaping, as you mentioned, always helps - ask a professional. Having a landscape designer draw up plans will accentuate or hide - they can see your house in a different perspective.
good luck! I love flipping homes!
2006-08-19 12:56:42 · answer #4 · answered by paisley 2 · 0⤊ 0⤋
Things that will increase the value are hardwood floors, kitchen updates, cabinets, tile, countertops, and any up dates in bathrooms. In todays market if you can hang on five years and do the updates, you may decide to sell....be sure to have it reappraised before refinancing
2006-08-19 14:06:37 · answer #5 · answered by judy_derr38565 6 · 0⤊ 0⤋
First of all.....it is CURB appeal. Then, updating the kitchen and bathrooms give the best return on the new appraisle, followed by landscaping. Adding more rooms doesn't usually add much to the appraisle unless something (like a second bathroom) is missing.
2006-08-19 12:47:21 · answer #6 · answered by newsgirlinos2 5 · 1⤊ 0⤋
Well if i doesn't already have a fire place but one in there, a nice fence around the yard, new windows, build on to the porch if that helps. That's all I can think of, but some of those things should work, I guaranteed it.
2006-08-19 12:44:44 · answer #7 · answered by Randall 2 · 0⤊ 0⤋
they say adding a fireplace is the best way to increase the family home! Another thing to do is just stand at your front curb and anything that looks weird or bad--get rid of it!! Also if you have space put a storage shed in the back yard!
2006-08-19 12:45:25 · answer #8 · answered by f4fanactic 6 · 0⤊ 1⤋
#1 any up grade must be qualty materil. #2 remove panneling or wall papper before painting ,use quality paint. #3 up grade all plumbing fixtures with top of the line material. #4 up grade your yard with flowers and srubs and grass. a manicured yard is the first thing a byer see,s thank you sarg
2006-08-19 12:55:14 · answer #9 · answered by sarg 1 · 0⤊ 0⤋
Add a garage. Look at your shrubs. Take them out if they are planted too close to the house. Looks bad. Don't clutter decorate when the appraiser comes over. The less the better.
2006-08-20 04:32:07 · answer #10 · answered by Anonymous · 0⤊ 0⤋