Wednesday Wisdom - Four Projects to Enhance Your Home Value

Dated: November 4 2020

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Wayne's Wednesday Wisdom

With demand high for homes nationwide, the market has been hard pressed to keep up its supply. In fact, the number of homes for sale is teetering on record-low territory, but some cities are serving up more listings than others. Before making an offer, know what you’re up against in your local market.

Minor Bathroom Remodel

Just like with clothing, bathroom fixtures and finishes go in and out of style. Replacing a bathtub, tile flooring, toilet, sink, vanity, and fixtures can bring the room up to date and enhance your house’s appeal to potential buyers. These renovations tend to fall in the $10,000 range and homeowners can expect to recover their costs, recouping 102% on average.

Landscaping

Curb appeal can be a make-or-break factor with buyers who glean their first impression before setting foot in a house. Local garden centers know which plants are best for your climate and can help you devise a plan to incorporate vegetation of different colors and heights to create a welcoming aesthetic year-round. A healthy front lawn is another feature you cannot afford to overlook. For roughly $.30 a square foot you can patch up any dead spots or resod entirely for a fresh start. On average, investments in landscaping pay off 100% at resale.

Minor Kitchen Remodel

The kitchen is considered the heart of many homes — hosting everything from family meals to homework sessions to game nights. Cosmetic updates will not break the bank and can make your home feel more contemporary. Refacing cabinets; updating fixtures; installing new appliances, countertops, or resilient flooring; adding recessed lights will give your kitchen the facelift it needs and provide you with a 98% return on average.

Exterior Improvements

A house is the biggest investment many people make in their lifetime, so owners want to protect it — starting with the outside. Vinyl siding provides optimal performance for about 10 to 20 years. After that, or at signs of wear and tear, consider replacing it to keep moisture from damaging your home. Not only will the protection of new vinyl bring buyers peace of mind, you could recover 95% of your costs.

Source: hgtv.com

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Wayne Gaddy

Local Real Estate Broker/REALTOR® representing Sellers and Buyers with Residential Homes, Condos, Vacation Homes, New Homes, Land and Investment Property since 2003. I would be honored to have an op....

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