Budgeting Your Renovation Cash

When selling a home, you very much enter into a competition with other sellers— you goal is to be the pick of the litter so to speak.



To help you increase the chances of selling your home quickly and for maximum value, we are providing a few tips on the best places in your home to invest cash for renovations.


First, never underestimate the value of curb appeal. A good chunk of your budget should be used to enhance the front of your home. Remember you don't get a second chance to make a first impression. The effort you put forth here can certainly pay off when a buyer comes along — stand in front of your home and look at the lawn, siding, winders, door and driveway. Look at everything and decide what needs to be to give the property a new, fresh, clean and inviting look.


The next place you should consider when it comes to your renovation budget is the kitchen. The fact is kitchens give the most return on your money. Really go all out on the kitchen and you will be glad you did.  You don’t' have to think pot lights and granite — instead look into paint, add or re-do the back splash, change the counter tops, add new hardware, you will be surprised at what few quick changes can do. If possible upgrade the appliances. When working within with the kitchen, a good rule of thumb is functionality first, eye appeal second.


Finally, the bathrooms— if the budget allows the ensuite, your main bathroom will be your main focus. You will be amazed at the difference some new tile or laminate, a cheap new vanity and some new light can make. If you choose not to replace the tub or toilet, then you should consider re-glazing— it is an excellent alternative to buying new, and the finished product looks just like brand new, for the cost of a couple hundred dollars. It is certainly well worth the expense.


We are going to add another helpful tip to the seller, although, not what one would consider a home improvement in the traditional sense. The art of staging is in valuable when it comes to selling your home quickly. On average, you have about 15 seconds from the time a buyer walks in the door to get their attention. If you do not have the budget, then at the very least, hire a stager to consult with you for an hour. You can get ideas on how to stage your home to look fabulous.The best choice here is if you can hire a professional stager to stage the entire house, top to bottom. Staging is truly the icing on the cake.


The bottom line is, you will not maximize your profit, or even turn that profit over quickly if you have a product that does not measure up to the standards set by the market. By following the above advice you will find your home is sold quickly and for a price you can feel good about.


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