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Home Improvement

Selling a Home in Kaysville, Upgrades Worth your Money!

Friday, February 5th, 2010

Kaysville is a very diverse city with some very old homes and some very new homes. If you are an investor looking to fix-and-flip that older home or you are a homeowner looking to make some upgrades to make your home sell better on the open market, you are in for a treat.  Investors, the FHA has temporarily relaxed it’s 90 day resale restriction so read up on the details at http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf and get flipin’. Here is the secret to picking upgrades worth your money.

Think like a buyer! What would you spend more money for? What is the first thing you see when you walk up to a house? The entry door! Replacing that old entry door will bring back close to, or more than, the amount you put into it. The same goes for vinyl siding. You can add a nice wood deck but skip the composite decking. Composite materials are much more expensive and you wont recoup more than around 80% of  the cost. Consider a minor kitchen remodel. Update flooring and counter tops. Add new sink and faucet. Leave existing cabinet boxes but change out cabinet doors and drawers and add new hardware. This gives an updated look without the major cost and still returns around 83%  of the cost. The same can be done in a bathroom remodel with the same outcome.

What upgrades are NOT worth your money? Adding an additional bathroom is quite expansive and expensive resulting in only around 63%  return for you money. Forget adding a sunroom or remodeling a home office. Again, These upgrades are not worth your money. Finishing an unfinished basement is a good option if the home you are selling has two or less bedrooms but you will only get around $12 a square foot value increase for any living area that is below grade. Adding a garage can definitely boost value and appeal but is expensive and will only return around 73% of the cost to build it.  

Choose wisely when picking upgrades for your home. The whole idea is to upgrade and make more desirable but still get a higher value when selling your home in Kaysville.  Don’t waste money on upgrades that wont really get good returns. If you would like more information on the costs and values of upgrading your home or project ideas that make sense, check out www.costvsvalue.com.

Home Improvement Ideas

Tuesday, October 20th, 2009

When selling a house in a market flooded with houses, it is especially important to make a good impression on a buyer the first time they view it.  A buyer today has many choices and if you want them to buy your house it needs to stand out above the rest.

Here are a few simple and fairly inexpensive home improvement ideas to help you achieve  the best price and shortest time on the market when selling a house. Curb appeal is one of the biggest attractants to most buyers so start outside.

  1. Mow the law, prune bushes, remove dead branches and get rid of outdoor furniture you don’t intend to move.
  2. Paint the front door and sidelights, or at least clean them up.
  3. Check for leaks. A drip may not seem important, but it does suggest poor maintenance in places which can’t be seen. Eliminate buyer worries and fix the little items which may be seen as clues relating to the general condition of the home.
  4. Clean out closets and storage areas. Donate old clothes and furniture to local charities. This will create a sense of greater space—and mean less to move.
  5. Have a professional service clean carpets. This is especially important if the carpets are to stay.
  6. Caulk around tubs and sinks. New caulk invariably looks better than old caulk, and you’ll also prevent leaks.
  7. Replace bulbs that don’t work and use as much wattage as is appropriate for each fixture. Bright lights make homes seem, well, light and airy.
  8. Have a lot of books and magazines that you don’t want? See if you can donate to a local library, hospital or charity. You’ll get both more space and a write-off.
  9. Remove anything in the house that will surprise visitors. As an example, mirrors in poorly-lit basements can be dangerous. Look at the property from the perspective of a first-time visitor. Things which are known to you may be uncomfortable to visitors.
  10. Clean out medicine cabinets. If you have prescription medicines, consider removing them when buyers visit.
  11. People have both allergies and concerns when it comes to animals. If you have a pet, make arrangements to have it elsewhere when a home is being shown and remove unsightly litter boxes and scoop the yard.

Homes in a given location and price range battle for a common pool of buyers. Ask me to examine your property for specific showing tips to make your home more competitive. Feel free to comment if you have a home improvement idea you think could help other sellers.  

 

Market Recap

  • Avg. Sales Price: 313,016.00

  • Avg. Days on Market: 53

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