George Langford's Blog

Thursday, November 12, 2009

Home Improvements under $5,000 and benefit Sellers!


Top 12 do-it-yourself Home Improvements that Cost under $5,000 and benefit Sellers.

*Please not ROI stands for Return On Investment

1) Cleaning and De-cluttering ($200 Cost/ $1,700 price increase / 872% ROI)

2) Home Staging ($300 Cost / $1,780 price increase / 586% ROI)

3) Lightening and Brightening ($230 Cost / $1,300 price increase / 572% ROI)

4) Landscaping ($320 Cost / $1,500 price increase / 473% ROI)

5) Repairing Plumbing ($385 Cost / $1,250 price increase / 327% ROI)

Rounding out the top 12, the list of low cost, do-it-yourself home improvements includes: updating electrical, replacing or shampooing carpets, painting interior walls, repairing damages floors, updating kitchen, painting outside of home, and updating bathroom/s.

The home improvement projects with the highest price increases to a home's resale value are updating the kitchen ($1,200 cost / $2,850 price increase), followed by painting outside of the home ($900 cost / $1,815 price increase) and home staging ($300 cost / $1,780 [price increase).

Cleaning and de-cluttering continues to rank as the top suggested home improvement (since the survey was originally conducted in 2000), recommended by 98% of Realtors, costing less than $200 and returning a value of nearly $1,700 to the home's sale price, or an 5872% return on investment.

Information provided by HomeGains.com

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