New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

 

Makeover tips that can sell your home

We've all seen those fashion faux pas: muscle shirts that only accentuate middle-age spread or tight low-cut jeans that turn soccer moms into muffin-top casualties.

- advertisement -

You can make a home unfashionable in the same way by choosing the wrong presale improvements.

Few real estate agents will object to any upgrades made to your house prior to putting it on the market. But rushing ahead with improvements you think will elevate the asking price can seriously deplete financial reserves that should be used to fix more fundamental flaws.

"Buyers are discerning, and they're in the driver's seat right now," says Pat Combs, president of the National Association of Realtors. "I'm doing walk-throughs a lot lately to help sellers determine what things make sense to do and what things don't. You can do other things in a home where it's not appropriate, but just don't ever expect to get your investment back out."

Combs recalled one case in point involving clients who installed a swimming pool before listing their house.

"First of all, there are no swimming pools in the neighborhood, and second, the price point is such that they're never going to get their investment out because that neighborhood doesn't attract people who want pools," she says. "Sometimes, they call us too late."

Making targeted improvements
There are age-appropriate makeovers based on the vintage of your home that may yield a faster sale at a better price. Such targeted improvements also save you money when compared to full-monty, state-of-the-art renovations throughout the home.

"The market we're in right now, people are looking at the price per condition," says Rick LeForce, a real estate broker with 1st USA Realty in Scottsdale, Ariz. "People are going through the home like detectives. If it hasn't been landscaped properly, if the home doesn't flow, even if it doesn't smell right, they'll pass."

A great starting point, says Sid Davis, a Salt Lake City real estate broker and author of "Home Makeovers That Sell," is to spring for a pre-sale home inspection. At an average cost of $300 to $350, you can find your home's flaws, have a handyman fix them and document the work in a pre-sale buyer's folder.

Average cost of home improvements  
 
 
Source: www.costhelper.com SLIDESHOW:  |   
 
 
Next: "Sometimes the retro look can actually help a home ..."
Page | 1 | 2 | 3 |
 
 RESOURCES
Remodel while helping the environment
5 tips to sell in a buyer's market
13 tips for selling your home in winter
 TOP REAL ESTATE STORIES
No stories available
 

Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 3.93%
15 yr fixed mtg 3.03%
5/1 ARM 3.27%
Rates may include points
RELATED CALCULATORS
  Calculate your monthly payment  
  How much house can you afford?  
  Fixed or adjustable rate: Which is right for you?  
VIEW ALL  
FINANCIAL LITERACY
Rev up your portfolio
with these tips and tricks.
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.